
Ep. 985: The Trend Following Tell with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Trade Diverse Non Correlational Markets
If you're trading markets that all go up and down like lockstep at the exact same time, you have zero diversity. The best thing that you can do is to have a portfolio structure where you are tracking diverse non correlated markets. Those that make it in any market are writing trends. That's the whole thrust of every damn thing I'm talking about. And trend following the rule for entry is a momentum indicator. All this means has a market broken from a trading range either higher or lower.
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