Ep. 519: Another Mega Trend Following Episode with Michael Covel on Trend Following Episode
Michael Covel's Trend Following
00:00
The Importance of Price
All trades are risk equivalent. We bet small when we win, we win $2, 12 or 20 cents - depending on the time of good. So that's where our edge is. But it's a statistical edge. It's not a knowledge edge to get my drift. That computer is just you and your associates automating yourselves. I mean, it's your thinking in the computer. You're simply saying to the computer, automate our thought process. Now go execute it.
Play episode from 24:52
Transcript
