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Ep. 654: No Real Magic with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Drawdown of Trend Following

A drawdown is any losing period during an investment record. Done has experienced eight serious losses exceeding 25%. The eighth such loss equaled 40%, beginning in 1999 and extending through 2000. Clients should be prepared to endure similar or worse periods in the future.

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