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Uncertainty: How Do Trend Following Traders Navigate the Unknown?

What interests me is the question of how humans learn to live with uncertainty. Before the scientific revolution determinism was a strong ideal. Religion brought about a denial of uncertainty, and many people knew that their kin or their race was exactly the one that God had favored. They also thought they were entitled to get rid of competing ideas and the people that propagated them. How does a society change from this condition into one in which we understand that there is this fundamental uncertainty? How do we avoid the illusion of certainty to produce the understanding that everything, whether it be a medical test or deciding on the best cure for a particular kind of cancer, has a fundamental element of uncertainty?
Gerd Gigerenzer
Edge.org

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NOTE: If you want to learn trend following techniques and systems through advanced home study and or seminars for all traders click here. If you want to learn about trend following trading in general there is one definitive text the bestselling classic "Trend Following: How Great Traders Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. Key introductions:

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Market Wizard Interviews by Michael Covel


  • Jim Rogers on the Fed con.

  • Market Wizard Larry Hite discusses dating odds.

  • Poker pro Howard Lederer on poker & trading the markets.

  • Trader Salem Abraham talks about the unexpected.

  • Michael Covel speaks in Brazil.