Ep. 620: 2018 Will Be Great with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Plan for Catastrophic Events
I was amazed at how many CTA's professional traders did not plan for disasters we would once a year at least have it what I would call a disaster day and I would tell everybody ahead of time so everybody in the company knew what to expect. We moved a section of the company to our off-site location to operate in an alternative mode and try to run the company from the secondary location. There's a good list of things that you missed or that have changed since last time you did a disaster backup and you can improve and tighten your operations. Some CTA's just have a single operation and they don't have a clue what would happen if say the mobile phones went down or
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