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Ep. 216: Jack Schwager Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Catch 22 of Getting Funded

As you and I know, and we've spoken to a lot of young upstart firms, upstart traders, this is a nightmare of a process to get started and get funded. It means the absolute catch 22. You can't get that if you're good, you really can't really get any money because you don't have a track record for out the money. So they may be able to trade a little bit but not really enough to make any difference. Normally, if it's something like futures or fair effects, it's easy to scale up. But even if on a small amount they can start demonstrating some sort of real consistency, particularly in your daily data, which would be

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