Ep. 365: Chris Clarke Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Market Truths
I'm a great believer that there are very few truths about financial markets, but if your edge can be based upon a market truth, then that probably makes it a much more viable and stronger. I mean, as a really silly example, we know that the DAX opens at a clock in the morning, you know, that's a market truth. The other thing that obviously is that markets trend and markets have demonstrated over centuries and centuries that they have a tendency to trend. So therefore, if you have an edge that is developed based on the fact that markets have always shown a tendency to Trend, then surely the logical conclusion would be that unless markets stop trending, you're going to keep
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