Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trend Following
The idea, buying a trader on sale? Okay. Well, if you figure out what drives trend following, trend following is driven by the fact that there's asymmetrical returns. During that type of an environment, trend followers are not going to make money because there's no trend to follow. Those types of trades more than pay up for all the losses during the sideways periods.
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Transcript
