Ep. 599: Trend Following Insights and Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Technical Approach to Trading in the 19th Century
How could one tell when a pool had started buying, or had begun selling? These questions had no real fundamental answer. Speculation in the 19th century was rich in practice, but poor in theory. And so I would argue that the technical approach to trading came about not by design, but by necessity. Was there a theory that might provide structural, systematic underpinnings for a true trend-following model? Such a model was being developed, if incompletely, as the century was drawing to a close.
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