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Ep. 568: Steve Burns Interview with Michael Covel on Trend Following

Michael Covel's Trend Following

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The Importance of Adding to Your Trades

In most trading systems, the drawdown is at least 50% correlated with the return. Sometimes it's better just to add to what you already have than to find a new entry. Some of the best trend ballers have bigger drawdowns but they also have the biggest long-term returns as well.

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