Ep. 1117: 98 to 22 with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Speculation
The act of speculating for money is in the spirit of the empirical scientist's restless yearning to add to empirical knowledge and put theories to the test. All speculators are not winners, so why is it bad to take advantage of an opportunity that you recognize? It's not. Wise trend traders do not care what they buy or sell as long as they end up with more money in the long run. Bottom line, winning traders don't invest, they trade.
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