Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Role of Behavior in Trend Following Trading
Many aspects of successful trend following trading have the understanding of behavioral economics, behavioral finance and how to deal with biases. Long before it was a popular subject long before the Nobel Prizes were handed out there's this group of traders that were effectively trading in a way where clearly they understood what all the academic research that was to follow in the decades to come. All I'm doing is saying you know it's crude oil markets going down it's not up to Tom to figure out how or why it's going down It's simply going down it is. If the trend is down I just want to be short and when it turns around goes the other way I want to be long.
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