Ep. 5: Nick Radge Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Relevance of Arbitrage
A lot of people come to me and say, oh, we can't really participate in this market because of these high frequency traders now. And I've seen that on a number of forums. That's just totally incorrect. They've always been here. OK, maybe they're a little bit bigger today. Yeah, arbitrage is not a new concept. No, that's right. A lot of people think they are simply because it's now in the media a lot more. But they can't disrupt trends. You can't tell me that markets are going to stop trending. The economy is always shifting back or forth. And human sentiment,. which is ultimately the driver of the market,
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