Ep. 1157: Down the Rabbit Hole with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trend Following Is More of an Accounting Than a Trading Function
If you accept the idea that trend following is more of an accounting function than a trading function, you've won half the battle. Once you accept the accounting nature of trend following and look, several trend following traders actually have this kind of accounting mindset or a CPA background. It's nonsense. It's a money making thing. The certified market technician. I'm sorry if any of you are listening and you think this is valid. It's absolutely not valid. You just can't roll out of bed. You've got to have a plan. This trend following stuff is quite simple once you understand it."
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