Ep. 599: Trend Following Insights and Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Meta-Level of Trend-Following
Trend-following can become complex, but its essential elements can be simply stated. The basic perception is that if a market's price makes an exceptional move in one direction or another, it will first make a moderate move in that direction. This scenario is not always expected to be true, of course, but if it is true often enough and to a significant degree enough, then it may lead to profitable trading in the long run. As much as people can associate Trend-following with human nature, no one knows who the first Trend-followers were. If there is no known beginning, one is created.
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