“I could be wrong I could be right. It’s a flip of the coin.” What is done after the coin is flipped is what counts. But people want a prediction. They want someone to tell them where a stock will go next, or where the S&P will top off at. The last question you want to be asking yourself when trading is where a price will be going next. It is just “you know what in the wind.”
Put aside reading charts and predictive technical analysis, life is naturally a wild wave that goes up and down. This will not change. Price momentum has always existed and it will always exist. You just need to have a strong strategy that gets you on the trend and gets you off the trend with the proper risk and money management in place. Michael pulls in quotes from Larry Tentarelli and David Harding.
In this episode of Trend Following Radio:
- Mental Masturbation
- Price action and no prediction
- Systematic trend following
- Robo trading
“You don’t need to be able to predict trends to trade them.” – Michael Covel
Mentions & Resources:
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