Ep. 1023: Get Inside Your Mind with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Is There Anything Else You Would Like to Talk About for System One?
System one is how we make sense of the world. So you can't void it. There's a lot of encouragement for traders to be objective. Don't let don't be ruled by your emotions. Be objective. Being objective would be system two. But system two utilizes system one. We're utilizing our bodies to literally make sense. Now, what does this mean for the investor, the trader? The markets are rising, the markets are falling. Markets actually don't rise or fall; they just go up and down. This makes it real. It doesn't stop there. In order to understand the word 'fall', people had to mentally imagine and enact it. That's because in
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