Ep. 400: Special Tom Basso Compilation Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trend Followers Make Money in the Markets
Traders will believe in some type of a strategy and they can't find other market participants actually using this so they decide on their lonesome i have this one novel strategy. Trend-fong traders often want to put the money with the manager when they've had this great run but it's just the human condition behavioral economics behavioral finance now i want to give the money. The markets start stalling out of those trends trend followers go into a sideways or a drawdown then at the bottom of the drawdown at the pit of you know that the trough of the equity curve is about to explode. That's when people are pulling money out just before the next big search.
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Transcript
