Ep. 476: Commandments with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trend Following
Trend following goes against the academic nonsense of the efficient markets hypothesis. Winning traders don't have a special divine gift and a talent inside knowledge or a huge starting capital. Trend followers react to market movements and follow along without a story about why. If Facebook is going straight up, you're not sitting around wondering whether or not people will continue to sign up for it.
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Transcript
