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Ep. 353: Steve Burns Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Survivor Ship Bias

I find funny, the ones that do not manage the risk and they just carry on with their opinions. I'll have some guru will say, hey, these two guys made multiple six figures in my trading look that proves my case. That's where the survivor bias lies is in the lucky ones. So odd to me is looking at the trading world as the ones that did over bed and got lucky,. They eventually blow out generally, a future, even if they win in the present moment without risk management.

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