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Ep. 371: Alexander Ineichen Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Negative Effects of Forecasting

In commodities, in general, you could have said the trend is not up. So from a now casting point of view, you have that attitude towards that falling trend until you measure the trend reversal. You do not just predict the reversal. The downside is that you obviously will miss the first couple of percentage points of a move,. But then realistically, most investors, even if they use forecasting, would miss the exact turning point anyway.

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