Ep. 515: Epic Trend Following Episode with Michael Covel
Michael Covel's Trend Following
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The Importance of Conviction in Trading
Finance is dominated by randomness. You need to have a lack of conviction and dogma in certain things because you want to be able to prove that things are wrong. When we come up with a new strategy or a new idea, what we're trying to do is find out what's wrong with it. I don't have a conviction about any particular technique. You just do what you think is best and what you think will be persistent. These are all very weak uncertain statements.
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