Ep. 713: The Trend Following Mindset with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Capturing Your Downside
You only win big if you bet the farm. You might get lucky, but that's not a system. Most people don't know that's the way to go. If you take enough shots and you've constantly captured your downside,If you have a couple of outliers that give you disproportionate upside in the long run, you're going to average out of head and beat most people. That Tim Ferriss view, that's the view of success. It's not the mindset of most people.
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