Ep. 599: Trend Following Insights and Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Uncertainty in Trading
Gambler's often jump into a market based on the morning paper's lead. But by the time news has been published, markets have discounted it. Traders not prepared for the inevitability of loss will become depressed when they lose money. Instead of understanding their own emotional state, they chase easy bucks and holy grails to avoid real thinking. It's a cat chasing its tail while running in circles.
Play episode from 58:04
Transcript
