Ep. 515: Epic Trend Following Episode with Michael Covel
Michael Covel's Trend Following
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The Importance of Risk Management in Trading
When did you have the aha moment that like, wow, we should really take the human discretion of the execution of this out? When was that moment? I draw attention to two things. The first was just an awareness that your ability to rationalize the available information. If you could do that pretty quickly and get rid of the noise, we'd all be much better traders. A lot of people focus on in any model development is the models. And that's all well and good but many people miss the risk management component.
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Transcript
