Ep. 320: Mike Shell Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Risk Management in the Stock Market
Since March of 2009, we have seen from a buy and hold perspective stocks alone, one fantastic trend. A long only trend follower with no exit strategy is got to be looking at you and other equity trend following traders and saying, hey, why do I need the exit? Mike: The average investor needs to know that these, there are cycles. There are periods in which the stock market, when you buy it at 27 times earnings, the, the fundamental expected value is dramatically low or going forward. That's just a fundamental fact.
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