Ep. 995: TurtleTrader Philosophy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Origins of Trend-Following
Dennis Eckhart taught his turtles to be trend-following traitors. Trend followers always wait for a mark to move, then they follow it; Capturing the majority of a trend up or down is the goal. Dennis knew exactly where the sweet spot was for making big money but he often fumbled his own trading with too many discretionary judgments. The greatest trader in Chicago had been five years before he saw a soybean price spike that would make him rich.
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