Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Find Your Edge for Success in the Face of Competition
The mathematical expectation of any bet in any game is computed by multiplying each possible gain or loss by the probability of gain or loss. Playing this game 100 times would give a positive expectation of point two, five. This is the exact type of edge cultivated and honed inside tren following strategy. The theory won nash a nobell prize in economics and transformed the way we think about competition in both games and the real world.
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