Ep. 969: A Speculative Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Price for Decision Making
Julian Robertson and Lewis Bacon, two famed hedge fund titans, underscore the importance of price for decision making. Every successful trader is a trend follower, even if they don't use the technique, admit it, or know it. Trend followers know to pick the trend start is a masochistic exercise. The solution is to take small bets early to see if the trend will mature and get big enough to ride.
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