Ep. 620: 2018 Will Be Great with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Effect of Behavior on Trend Following Trading
So 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 would follow, he says. He asks: Would you rather be positioned in enjoying the downslide or would you be trying to jump in saying low is low and maybe it's going up from here? "If it turns us 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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Transcript
