Ep. 969: A Speculative Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Truth of Price
In an increasingly uncertain and downright unfriendly world, it is extremely efficient to base decision-making on the single, simple, reliable truth of price. The 24-7 Never-Ending Fundamental Data Barrage plays right into the tendency to make trading more complicated than it need be. You could absolutely look at individual price histories or charts without knowing which market is which and trade them successfully. That is not what they teach you at Harvard or Wharton, but it is the foundation of making millions as a trend following trader. Don't try to guess how far a trend will extend. You can't. At some point investing is an act of faith.
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