Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Setting in Motion Your Own Path
System one is how we make sense of the world so you can't avoid it there's a lot of encouragement for traders to be objective don't let don't be ruled by your emotions be objective. System two utilizes system one so you really need to be well versed in that in order to do the higher level thinking. We're utilizing our bodies to literally make sense and the linguistics and the neuroscience is in on this now what does this mean for the investor the trader? The markets are rising the markets are falling markets actually don't rise or fall the price can increase the price can decrease but we metaphor these are all metaphors we metaphorize this.
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Transcript
