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Ep. 99: Eric Crittenden Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Benefits of Trend-Following

Long-term trend-following is almost assured to be on the right side of really large moves. If Southwest Airlines and Phelps Dodge want to lose money in trading futures, they're using these markets to hedge off risk. But there's an additional benefit, meaning that if you look at the one group of people that can afford to losing money in the futures markets and are actually better off for having done so, they fight the trend. The argument that I just put forth is theory and cannot be proven empirically because it's a long way from being true.

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