Ep. 70: Watching the Wheels with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Conscience in Trading
"There's always been arbitrage trading. That's nothing new," he says. "And even if they were, who cares? There's still trends." He was responding to a criticism of his book that said the market would go flatline forever and make no money. The reality is all of these high frequency trading algorithms and robots are done by people in offices next to exchange servers.
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