Ep. 1143: Three Trend Minds with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Demand for Disdiscretionary Macro Trading
I think the demand for discretionary trading probably comes from the reactive demand. It's extremely hard to write a model that can react to every last move in the market. September 11th is probably a very good example of a piece of information that arrived. And systematic models knew nothing about it, whereas discretionary trade is clearly dead. But it is an extremely difficult job to be a good micro trader.
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