Ep. 816: A Trading Primer with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Speculation
Leo: I think sometimes maybe as a society in a culture we lose sight of the fact that how important speculation is and it's not a bad thing. On the contrary without speculation you really can't get a market. In every successful market we had about 60% speculators and 40% commercial and commercial buyers and sellers they go both ways too, he says.
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