Ep. 754: The Schwager Launch with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Make Money in Bubbles
The best way to take advantage of a bubble is not necessarily the direct way. You would think that if you went short to NASDAQ in 2000, you'd be sitting pretty and it would have been an easy move when you made lots of money. After the bubble bursts, it gets to be very, very jagged and very tough to stay with the trade on the downside. That leads to one of the lessons I cite in the book: How you implement a trade is more important than the trade itself.
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