Ep. 1165: Big Events with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trend Following Trading Has No Quarterly Performance Constrained
David Harding's computer system not only generates buy and sell signals, it also shows how long an investment should be held. Only 50% of his trades are profitable, but winners are on average three times bigger than losers. 1987 critics called Harding and Heit's trend following efforts a FAD. Both Wall Street and Main Street measure success on the artificial constraints of the calendar. Trend followers are home run hitters, taking what the market gives them no matter when it arrives.
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