Ep. 594: The Fundamentals Never End with Michael Covel on Trend Following Radio

27:40
 
Share
 
Manage episode 188676378 series 5173
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Having the right fundamental information will never guarantee success. Ray Dalio, one of the biggest traders on Wall Street says he trades off of fully automated fundamentals. If this is true what fundamentals does he choose to automate? In the same head space Larry Tentarelli forwarded Michael a tweet recently. It was a tweet from an executive associated with a big USA trading firm. This executive was asked by a business student, “What does a typical week look like for you?” His list went like this [Michael digs in]… How much time is being wasted?

If consuming that information isn’t needed then what do you use to trade? One piece of information – price. You take the price and look at the trend. Things in motion tend to stay in motion. Forming rules that you can stick to when the big trends come is key to anyone’s trading success.

In this episode of Trend Following Radio:

  • Data mining
  • Managing risk based on fundamental information
  • Weekly routines
  • Cocktail party banter
  • Desert island trading
  • Fundamental trading
  • Thinking properly

617 episodes available. A new episode about every 3 days averaging 51 mins duration .