Ep. 519: Another Mega Trend Following Episode with Michael Covel on Trend Following Episode
Michael Covel's Trend Following
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Euro Dollar Lessons From 1987
I remember having a conversation with you talking about your Euro dollar lessons from 1987. I think if we book in that with a Swiss Frank, it probably have had to brought back memories that type of a move, huh? Yes, absolutely. It did. You know, so October 20th of 87. So I've been trading for two months and we had the crash on the Monday the 19th and then on the 20th is a 90 day Euro dollar interest rate move of, it was a 37 standard deviation move based on the prior years of volatility. The other big thing is in these markets, you've got to always be careful and trade small, not get too far out of the
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