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Ep. 1107: Jump with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Emotions in Trading

I think we're driven by emotions very much and that does not change a lot. That's not becoming any thinner like our skulls. In trading, people always look for some kind of magic. It used to be that if you have a calculator, you can calculate an exponential moving coverage instead of a simple one. Then we got computers, that was a total golden key to success. We had neural networks, we had Elliot Wave, we had GAN. I mean, there's always some kind ofmagic on the horizon. Now of course it's alga trading, but in the end all of that comes to human beings with their emotions.

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