Ep. 370: Instruments vs. Strategy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Trade Markets
Commodities Corporation was acquired by Goldman Sachs in 1997 for estimated to be around 100 million. Paul Tudor Jones, Louis Bacon, Bruce Cobbner, Michael Marcus, Ed Sicota were associated with the company. The S&P can drop 50% and it has twice in the last 15 years. So don't talk to me about risk. I'm just some selected market or instrument. That's nonsensical. You trade these instruments with a strategy and you define your risk.
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