Ep. 616: Bitcoin, Trend Following and Taking Losses with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Trade a Trading Strategy That You've Researched and Tested Like Crazy, but You Lose 5% in a Year
Michael Bronco: If you trade a trading strategy that you've researched and tested like crazy, but you lose minus 5% after the first year, conclusion you draw is something is not working. People are out there swinging at Bitcoin like no tomorrow,. And minus 5% says to you that something is wrong. No. Minus 5% doesn't tell you anything. It sounds a lot like Ed Secoda. We're talking minus 5%. How in the world is the entire planet willing to jump onto this thing and ride that volatility?
Play episode from 06:38
Transcript
