Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Factors in Trading
In 2018, you guys trade what 500 plus markets? Yes. But that's not relevant because the real number of different trends going on is smaller than that. So at this moment, you have an energy trend and you can say, well, we're trading heating oil and we trade unleticously but look at daylight yesterday, all these markets come down. Price trends are as inherent to markets as the wind is to the atmosphere. I find it quite interesting. What is your view of factors? The notion that the academics have said there's a factor for momentum. There’s a factor for value and you can just isolate it and find it in a back test and apply a
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