Ep. 620: 2018 Will Be Great with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Differences Between Money Management and Trading
The year before I shut Transcet down I spent a hundred grand on regulatory CPA and legal fees at no benefit to my client that I could see. Less than 10 percent of my time probably actually doing meaningful research or trading, he says. For those people who think they're going to get in the money management industry let me tell you: You spend very little time trading more time running a business if you want to be successful at it.
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