Ep. 515: Epic Trend Following Episode with Michael Covel
Michael Covel's Trend Following
00:00
The Computer's Thinking Process
When we make a trade, and this is none of this is some new or radical perhaps, but with Larry Heich, for example, all trades are risk equivalent. So that's where our edge is. But it's a statistical edge. It's not a knowledge edge. If you get my drift? Absolutely. That computer is just you and your associates automating yourselves. I mean, if you're telling the computer, the computer's not wildly doing things that you don't know,. You're simply saying to the computer, automate our thought process. Here's our systematic thought process. And so that's the main input for us. Because price is the only reality.
Play episode from 02:15:56
Transcript
