Here you will find information and news about stock markets, online trading, investing, stock brokers. Great collection of tools for everyday trading, like real time stock quotes, interactive stock charts, options calculator, earnings calendar, market comments and suggetions for good reading material makes your trading day profitable!

Tuesday, June 28, 2005

Interview with Paul Mulvaney

Michael Covel has put a link to an interview with Paul Mulvaney, a trend follower, on his site. It is quite interesting reading, he describes his trading system a little and gives some general hints about trading.

Trend following and the MCM system – an interview with Paul Mulvaney
Trend Following
June 28, 2005
Technical trading, especially trend following, is about what is happening. It is a very pragmatic strategy. Never lose sight of the famous saying of J.M. Keynes: “Markets can remain irrational longer than you can remain solvent”.

I don’t think it is possible to define the perfect system. It’s a bit like trying to define the perfect game of golf or tennis. You can only really compare one person’s game against another’s.

There is no profit taking per se. We only exit on stop-losses, because profit taking would interfere with the unlimited upside potential we have, in theory, on every position.

What are the characteristics of a good trader?
Extreme attention to detail is critical, but objectivity, and the ability to remain objective under stress, is the most important character trait. I would surmise that more people have the ability to crunch the numbers than to remain objective about when to get in and out. That involves letting go of the ego, because if you’re concerned about being wrong or what other people think of you, you cannot maintain discipline.

Our system, for example, is profitable 54-55% of days but on only 25% of trades. Now, clearly an investor can be profitable on a small minority of trades and win overall, but research suggests that many have emotional difficulty coming to terms with that sort of win-loss distribution.
Read further:
Trend Following: Trend following and the MCM system – an interview with Paul Mulvaney (in PDF format)

6 Comments:

Anonymous Penny Stock Investing said...

Interesting Interview

12/12/2011 03:31:00 PM  
Blogger ninest123 said...

ninest123 16.02
oakley sunglasses, ralph lauren polo, louis vuitton outlet, nike outlet, louis vuitton outlet online, uggs on sale, louis vuitton, burberry factory outlet, oakley sunglasses, burberry outlet, prada outlet, louboutin shoes, uggs outlet, tory burch outlet, oakley sunglasses, cheap oakley sunglasses, michael kors outlet online, michael kors outlet online, longchamp outlet, longchamp outlet, gucci handbags, louis vuitton handbags, louboutin uk, michael kors handbags, christian louboutin, michael kors outlet online, replica watches, uggs outlet, ray ban sunglasses, cheap jordans, michael kors, nike free, nike air max, ray ban sunglasses, replica watches, uggs on sale, uggs on sale, louis vuitton outlet, longchamp bags, christian louboutin, tiffany jewelry, ray ban sunglasses, tiffany jewelry, oakley sunglasses, prada handbags, ralph lauren outlet, michael kors outlet, nike air max

2/28/2016 10:10:00 PM  
Blogger ninest123 said...

nike air force, michael kors, lunette oakley pas cher, mulberry uk, nike air max uk, polo lacoste pas cher, true religion jeans, abercrombie and fitch UK, vans pas cher, replica handbags, nike free, converse, nike roshe run pas cher, vanessa bruno pas cher, louboutin pas cher, ralph lauren pas cher, michael kors uk, sac guess pas cher, abercrombie and fitch, timberland pas cher, nike roshe uk, burberry pas cher, nike tn pas cher, true religion outlet, new balance, nike air max pas cher, coach outlet, north face pas cher, nike free pas cher, lunette ray ban pas cher, ray ban uk, michael kors, coach purses, true religion outlet, lululemon outlet, longchamp soldes, nike air max, nike blazer pas cher, true religion outlet, hermes pas cher, hogan sito ufficiale, hollister uk, michael kors outlet online, longchamp pas cher, coach outlet store online, jordan pas cher, polo ralph lauren uk, north face uk, nike air max uk

2/28/2016 10:13:00 PM  
Blogger ninest123 said...

bottega veneta, abercrombie, north face outlet, instyler ionic styler, timberland boots, chi flat iron, p90x workout, iphone 6s cases, jimmy choo outlet, hollister, giuseppe zanotti, softball bats, nike roshe run, wedding dresses, beats by dre, north face outlet, louboutin, polo ralph lauren, soccer jerseys, valentino shoes, hollister clothing, iphone 6s plus cases, herve leger, soccer shoes, iphone 6 cases, nike air max, insanity workout, iphone 6 plus cases, lululemon outlet, converse, vans scarpe, nfl jerseys, iphone 5s cases, babyliss pro, mont blanc, hermes handbags, mcm handbags, celine handbags, abercrombie and fitch, longchamp uk, ghd hair, mac cosmetics, new balance shoes, s6 cases, iphone cases, vans outlet, ipad cases, reebok outlet, nike air max, salvatore ferragamo, oakley, asics running shoes

2/28/2016 10:15:00 PM  
Blogger ninest123 said...

links of london uk, canada goose outlet, juicy couture outlet, moncler, coach outlet, moncler, toms shoes, lancel, canada goose outlet, wedding dresses uk, moncler outlet, ugg,ugg australia,ugg italia, sac louis vuitton, ray ban, sac louis vuitton, pandora jewelry, juicy couture outlet, canada goose, moncler, ugg pas cher, canada goose jackets, replica watches, converse shoes outlet, pandora jewelry, canada goose, pandora charms, moncler jackets, canada goose uk, moncler uk, thomas sabo uk, ugg uk, karen millen uk, pandora uk, barbour jackets uk, swarovski jewelry, ugg,uggs,uggs canada, supra shoes, louis vuitton, barbour, canada goose pas cher, bottes ugg pas cher, hollister, montre pas cher, gucci, moncler pas cher, moncler, louis vuitton, louis vuitton uk, marc jacobs, canada goose jackets, swarovski uk
ninest123 16.02

2/28/2016 10:18:00 PM  
Blogger Zheng junxai5 said...

zhengjx20160526
gucci outlet online
ralph lauren sale
michael kors outlet
christian louboutin shoes
toms outlet
nike store uk
ralph lauren
ralph lauren outlet
cheap jerseys
nike free 5.0
jordan 11
kate spade outlet
cheap basketball shoes
hollister clothing
burberry handbags
air max 95
kd 7 shoes
coach outlet store online
michael kors outlet online
louis vuitton outlet
tiffany and co
supra footwear
louis vuitton outlet
ghd hair straighteners
mont blanc pen
air jordan 4
abercrombie and fitch
louis vuitton outlet online
michael kors canada outlet
oakley sunglasses wholesale
toms outlet
louis vuitton purses
rolex watches
oakley vault
louis vuitton
nike uk
louis vuitton outlet
air jordan femme
ray ban sunglasses
michael kors outlet clearance

5/26/2016 01:53:00 AM  

Post a Comment   (feel free to post relevant comments)

<< Home