Ep. 897: Trends, Value and Selling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Price Action in Trading
If there is a point in which there's so many passive investments that are really driving markets it makes the markets more difficult to trade for active traders. Price action is what drives you and we have to take into account because we are not fundamental trail. We will buy if there's an uptrend when the market has been too low for a long time as happened with cocoa earlier this year. It means that you cannot call short a company or short any other market as long as there is so much power driving even your way.
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