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Ep. 383: Lawrence McMillan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Pros and Cons of Trading the Black Swan Option

The Black Swan is in return to long, I guess you're right. You can lose a lot of money before that happens. So what we do is we buy them as a hedge, but deep out of the money,. We buy them asa hedge and we don't really spend a lot ofMoney on them. They're just the afford, like you said, Black Swan, for disaster protection.

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