Ep. 325: Trend Following Attitude with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Extract Statistical Signal From Noise to Make Something of It
In the middle of all this noise and impossible to predict phenomena, there's a little very small signal which is what is going to happen tomorrow. And so even if we have a very small probability to be right on any given bet by making a lot of bets, we hope to extract some signal out of huge amount of noise. So that's why we're doing it. The official question is, I want to understand how the market works and what can happen. Then you don't need to be predictive.
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