Michael uses an article from the “Financial Times” titled “A Warning for the Losers of the Liberal Elite” by Wolfgang Münchau. Münchau makes some valid points as well as weaving in made up assumptions that absolutely don’t exist in reality.
Everyday is a fight. You must wake up energized, and figure the game out. There is no permission needed. The successful do not ask for permission. The successful do not ask for “acceptable distribution of income.” Get a plan for yourself and execute it without making excuses such as “The economy is in a slump” or “But… Donald Trump is our next president.”
Michael brings football into the podcast today. He starts off playing a press conference clip with Tony Romo and his response to being injured and falling from his spot as the starting quarterback.
Michael moves on to Donald Trump and what government should be. There are pro’s and con’s to Trump becoming President, but the bottom line is that people voted against the current political system. 50% of Americans decided to roll the dice and see what happens.
Big picture: Your trading strategy must not be based on who the President might be. Just follow the trend.
In this episode of Trend Following Radio:
Donald Trump as President
Trading off the trend, not fundamentals
“They said the market would crash if Trump won, and the market didn’t. But who are ‘they’? That should be the question.” – Michael Covel