All fundamental data, insights, and prediction, reduces to price. Price is the foundation for all trading. Michael caught a reminder of this in a recent twitter debate with Elon Musk. A NBC reporter challenged Musk on his insights and wanted him to come by the news room to have an interview and see his “process”. Michael reads the debate between the reporter, Musk and Scott Adams (creator of the Dilbert comic strip). Michael weaves his commentary and insights throughout.
In this episode of Trend Following Radio:
- Price action
- Mental prisons
- Reducing the information flow
“Are you in a life function that can be measured or are you just taking a paycheck?” – Michael Covel