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Ep. 130: Dan Collins Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How Yudhi Chang Made Money in the Short-Option Industry

Yudhi Chang is a short-option guy, right? He has these met. The marketing material that vision used to promote Yudhi Chang, now he had no money under management and they show three years of them making 90, 130 percent. Then he blew up in 2008 like most poor option writers did. I wrote a big expo, an expo's A on it and as part of it, I did a break-even analysis of ACE and it came out to be about 26 and a half percent. And you know that there is no trader in the world, good enough, for a 26 and ahalf percent break- EVEN analysis.

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