Ep. 320: Mike Shell Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Make Money Trading Trends and Systematic Strategies
The probability of flipping a fair coin is 50%. We can't force the coin to land on heads more often than tails. Mathematical expectation is the probability, which is your win ratio versus your loss ratio. If we bet a dollar, can we make it $2? No we cannot. When we buy into something at $50, we can't make it go to $60.
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