Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Evolution of Groupthink
People tend to unconsciously copy each other. The ability of us to group together and to get into sync with each other had huge evolutionary advantages hooray for our team. But on the other hand you're in a trading environment and there'll be some guy that's making money and pretty similar they mean to or whether other traders are starting to trade like him. So pretty soon the whole floor is into the same trade and then suddenly it's not the great idea that it was.
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