Ep. 566: Induced with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Power of Trend Following
A lot of people like to think that there are strategies by the bushel just hanging from trees and you can just pick a strategy. What happens when you get a lot of people panicking? Who knows, but it's usually not very good. A trend following system might have a good risk management system in place for a bull market or a bear market, but it sure as hell isn't going to do you any good in a black swan event.
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Transcript
