Ep. 689: Safe is Not Really Safe with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Track Records in Trend Following Trading
The most valuable asset that you have as an aspiring trader are the past track records of those that came before you. You want a virgin track record where you can pretty much know that that trader is trading the strategy as advertised. For example, if you find 20 track records going back several decades of trend following traders, you can correlate them. That gives you really strong data, not perfect, but strong. If you're looking for certainty, you've not yet understood, that's not how it all works.
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