Ep. 519: Another Mega Trend Following Episode with Michael Covel on Trend Following Episode
Michael Covel's Trend Following
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The Effect of Trading Volume on Trading Volume
When the system is not doing well, what you see is that the period is not because we're losing bigger amounts. Holding period for a winning trade is for shorting. We don't have the foggiest notion how to measure any risk, other than price. And if we take the view that if you can't measure it, you can't manage it.
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Transcript
