Why do people love preliminary polls? How did we get to the point where people believe polls are the end all? Prediction in a world that has become chaotic and unpredictable is a waste of time. Is it media that has perpetuated it? Focusing on the actual election day results, or in trading terms – the price, allows you to not be preoccupied with surrounding noise.
Michael replays an interview he recently had on Porter Stansberry’s podcast. Porter is a value investor and Michael, of course, comes at trading from a trend following perspective.
Trend following strategy