Ep. 62: It Takes Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Source of Trend-Falling Profits
Futures markets came into being because farmers needed a way to ensure that their product would be a certain price by the time they harvest it and took it out for delivery. It takes two sides of the coin because if you're willing to pay this extra insurance to make sure you have a consistent price when it comes time to deliver your final good, well, in the futures markets, it's a zero-sum game. Go look at a trend-falling track record. They're in all of my books for a reason. You can learn from them and you can see the ups and downs. And where does profits come from? Dave Drew's makes the case.
Play episode from 04:45
Transcript
