Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Diversify Your Portfolio
Each trader should try to simulate some trading ideas at different levels and try to dial it in. You don't need to be rushing out and trading 10% of your equity out of position, he says. Luizo: I think diversification is harder and harder to come by because in any one day, let's say you take a soybean contract andYou take a gold contract, well theoretically those two shouldn't have a whole lot to do with each other. The very next day a shift happens and everything is red. You're at 100% lockstep. And when times of crisis exist and lockstep sets in on markets, I better have my risk control schemes in place to limit my
Play episode from 02:34:29
Transcript
