Ep. 616: Bitcoin, Trend Following and Taking Losses with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Track Records
If you can't afford to lose 50% of your account, maybe only on paper, which is still real money, then you should not be in the market. Bill Donne for 40 years has delivered an after fee track record of nearly 18% a year for 40 years. So why have some of the most successful investors, traders, different strategies? Why do they take these hits? And if I do one little survey question of minus 5%, people puke out.
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