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Ep. 1189: Know the Rule with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Importance of Bayesian Statistics
The only thing that you can count is how, think what, tread volume does. You figure out where you're going to stand and where you have changed that probability of your life. Because a 300 year, you're not going to hit 600 for very long. The math is an average. But the third reason, what it is with the speculator, we have a series of shots. That's how you get your Bayesian probability.
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