Ep. 552: Mega Eclectic Number Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Arms Race
All the rage right now is for people to have faster and faster trading. However there is a very sizable population of extremely successful traders that go just the opposite direction. They may be trade what we call a weekly bar. And they only make their decisions off the closing price of the stock market once a week. So all these other guys are out there trying to trade at the speed of light because the faster they can get them ahead everybody. But yeah, the people that kind of look at less data in a longer time horizon can do just as well, if not better.
Play episode from 41:30
Transcript
