Ep. 734: If It Keeps Giving Your More Love Go with It More with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Realistic Predictions
No player hating coming from me, but you got to be realistic. What's a great example of realistic going back a very long time? I want to read a quote, Louis Bachelet, mathematician from France, probably the father of modern finance,. If the market judged otherwise, it would not quote this price, but another higher price or lower that backs up my trend following book 100%. Now of course that's just one guy. That's not my point, but it is to get you thinking, thinking about price. The only price that we can know is the price right now. We can't know any other price. And even then, once you are precise by using the market
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