Ep. 400: Special Tom Basso Compilation Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Asymmetrical Returns
There's no trend to follow typically if you're depending on where your timeframes are unless you're trading each one of those little swings and doing some short-term trend following there isn't a trend long enough for the kind of once a day guide to really catch much. The industry does exactly the opposite of that I did another white paper called performance gap which was difference between cta returns and client returns and all the nonsense that clients went through it's very frustrating and very sad it is adding me to see basically my clientele out there doing stuff that hurt themselves from making a good return.
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Transcript
