Ep. 750: Eclectic Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Human Nature Elements in Trading
The Swiss Frank is a real cause for alarm isn't it? You know I heard that one of the large brokerage firms said that the event was a 40-standard deviation event right 40 sigma which basically says it would never happen. People are almost incentivized not to pay attention to some of that stuff until these sort of really adverse events to take place so part of it's the human nature element which is you sort of feel like you got to figure it out and they were talking about a euro dollar move in 1987 but people that had been around say hey we've seen this game before.
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