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Podcast: Michael Covel's Trend Following
Episode: Ep. 646: Technicals Matter with Michael Covel on Trend Following Radio
Description: Predictive technical analysis is chart/pattern reading. Trend following, on the other hand, is reactive technical analysis – a diversified portfolio perspective of markets using momentum indicators. You never know what will happen in one market so you use diversification to hedge your bets. Predictive technical analysis has no evidence of success. Reactive technical analysis has decades of proof behind it. How do you find this proof? Seek out the track records of traders using trend following. You can see trend followers making and losing money over long periods of time. Michael reads a review from a critic wh...