O'Reilly logo

Trend Following by Michael W. Covel

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

8. Science of Trading

An interviewer asked Ann Druyan (Carl Sagan’s wife), “Didn’t [Sagan] want to believe?” She responded, “He didn’t want to believe. He wanted to know.”

“First principles, Clarice. Read Marcus Aurelius. Of each particular thing ask, ‘What is it in itself? What is its nature?’”

Hannibal Lector1

Trend followers approach trading as a science. They view the world like a physicist. The following ‘physics’ definition is critical to trading success:

“The science of nature, or of natural objects; that branch of science which treats of the laws and properties of matter, and the forces acting upon it; especially, that department of natural science which treats of the causes that modify the general properties of bodies; ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required