Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Manage Cognitive Biases in Trading Markets
I'm very fascinated in the history of finance and people who look at the markets. It's like there's great meaning, I think, in the markets. My dad is known for developing some treating systems and treating indicators. But he only realized this after he took a personality test that he was horrible at actually treating this system. And what we found by researching these traders is that traders can be high in conscientiousness and low in conscientiousness or somewhere in the middle. You have more systems, rules based traders and then you have people who are more discretionary traders.
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Transcript
