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Michael Covel's Trend Following
Ep. 1298: You Don't Know with Michael Covel on Trend Following Radio
Jul 29, 2024
Dive into the world of trend following, where the mantra is to cut your losses. Explore the tension between political information and market prices, emphasizing trust in data over politics. Discover the inspiring journey of turtle traders, proving that extraordinary success often stems from humble beginnings. The host shares personal anecdotes to highlight the importance of transparency and reliable information in trading decisions, offering valuable insights for aspiring traders.
22:07
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Quick takeaways
- Trend following trading advocates for decision-making based solely on market prices, minimizing the influence of unreliable company fundamentals and predictions.
- The difficulties faced in accessing government information expose a pervasive distrust in political systems, highlighting the importance of relying on tangible evidence for decision-making.
Deep dives
The Value of Trend Following Trading
Trend following trading emphasizes making decisions solely based on market prices, rather than relying on traditional methods like analyzing balance sheets or predicting chart patterns. This approach asserts that by surrendering to price movements, traders can navigate the complexities of the market without the distractions posed by underlying company fundamentals. The philosophy behind trend following is that uncertainty pervades financial information, making price the most reliable indicator for trading decisions. Consequently, trusting only price protects traders from the misinformation prevalent in broader market communications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode