Ep. 758: The Foundation of Good Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Make Guesses
In other words guessing is a dumb man's job actually it's quite the opposite and I will try to explain why. The first problem is how to start. You see you are stopped with all the known principles but the principles that are all known are inconsistent with each other so something has to be removed. We get a lot of letters from people always getting letters from people who are insisting that we ought to make holes in our guesses as far as you make a hole to make room for a new guess. It would be possible to say if it were possible to stay ahead of time how much love is not enough and how muchLove is overindulgent exactly then there would be a perfectly legitimate
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