Ep. 107: Be Water My Friend with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Trade Long-Term Trend Followers
Our investment style is that we are medium to long-term trend followers. We exercise no discretion whatsoever in executing the orders that are generated by our computer models and we simply do not override these models or these signals. In the markets we trade are global exchange-traded futures that have large trading volumes so that we are able with clients' funds to move in and out of these markets without upsetting them. Our target for each program is to, for each program, to have a 1% probability of having to experience a loss of 20% or more in one month period.
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Transcript
