Ep. 598: Trading Legends Epic Episode on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Commodity Futures
The difference between a speculator and a gambler is we observe things and make certain references to determine what the future should be. And once I had that realization, it features a lot more attractive in terms of what your potential is on the downside as well. That was the really switch point was just the economics of it that I got a much better deal. There's real demand and supply for corn and wheat and gold. But there is no real supply or demand for IBM or Apple or Google.
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Transcript
