Ep. 131: Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Black Swan Concept and the Road Mechanism of a Dragon King
The road mechanism of a dragon king is a slow maturation towards instability, which is the bubble. The climax of the bubble is often the crash. Any tiny perturbation will make this instability occur. There are many early warning signals that are predicted by this theory. If it turns out at the end, he says, I'm a trend following trader and that's my solution.
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Transcript
