Michael Covel's Trend Following cover image

Ep. 330: Nigol Koulajian Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Importance of Understanding Drawdown

The Swiss Frank is only an indicator of what can happen. Drawdown is something that tells people at the edges and it's such a high risk place. It's basically what is beyond the intellect. When they're in drawdown, they need to look at themselves and see what they can learn. There's nothing like self analysis. You have to be really honest with yourself whether the edge that you've had in the market is sustainable or something which relies on something very unstable.

Play episode from 26:55
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app