Ep. 951: You Don’t Predict Trends with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Be a Trend Following Trader
You can't be a trend following trader on one market. There's no diversification, not diversification as you typically think of as the 60 40 split and all that bullshit from your typical Merrill Lynch broker. You're going to have many small losses. If you're only trading one market and it only goes sideways for years, you're going to miss out on all the other opportunity that took place in the other markets using my phrase trending. I mean, you can, you can lie to yourself. Not excuse my French here. Take the kids out of the room. Take the wives and the girlfriends out of the rooms. There was not one fucking thing in that chart that could allow you
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