Ep. 304: Crude Oil Folly with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Imagination
The world is in a constant state of flux. Markets are always up and down. What's the point of going through life? Next to one price. When you don't know, I don't care how smart you are. Everyone that makes money is a trend following trader. The best and the brightest out there do not lose money. They cut their losses. That's the name of the game. You can't imagine stocks at all time highs today. Going down 75%. A 75% drop is not in your repertoire of catastrophic events. And Barry Rittholtz is dead on true. Who was talking about a collapse in oil? Look, I just got back from Dubai.
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