Ep. 44: Leverage and The Martial Art with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Trade the Nikkei Tomorrow
How many data points do the news fundamental guild out there want you to think exist for you to analyze? I mean, what is it? Thousands, millions? How many different data points can you digest? And once again, how are you going to trade the Nikke tomorrow with all those millions and millions of data points? You have to reduce it to something. If the Nikke is trading at 9,000 tomorrow, that's a number you can understand. You can reduce it to one. The price. What's the price of the Nikke in our example? It's at 9,.000. There's your price. You have to make a decision right now based on that.
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