Ep. 1: Michael Dever Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Risk of Future's Trading
Future trading is risky. It's not the futures that make it be the risk. The problem with futures is it's easy for people to get leverage in futures. People being people without a systematic plan are going to use that and lose money. Real estate be another great example. Absolutely. Highly leveraged. They're sitting there saying, well, we'll never have a 20% drop. So I'll never lose my money. Next thing you know, the market's down 40% and they're wiped out. But if it's properly managed, then what people consider to be the buy and hold safe thing, stock investing. And the numbers are there. It's very clear when you
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