Ep. 519: Another Mega Trend Following Episode with Michael Covel on Trend Following Episode
Michael Covel's Trend Following
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The Power of Simple Rules
If we wanted to develop the world's greatest trading system, it wouldn't take us long. What we have got is about 60-40 losers over winners on average. In good times, it's better and in bad times,. But basically 60-40 on win loss, so 60% of the time we lose on our trades. So when you look in the back of a commodity magazine, it's a buy-off system. 98% trades, winners. I'm after 35 years, what's skeptical, but everybody's got around 11.
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