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Ep. 323: Jerry Parker Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Expectations in Trading

The bad periods are the, I mean, I've always thought the bad periods. That was the interesting data to me when I first started looking at track records or turn following traders. The portfolio and market weight should never be based on past returns, just correlations. You're trading corn in the same way as you traded the Swiss Franc. And undoubtedly, you don't want to obviously weight markets that have done better recently higher while they're getting ready to crash.

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