Ep. 544: Serenity with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Measure Return to Risk in a Trend Following Trade
When we did studies of return to risk at every point in a trend following trade, it's a very interesting study. The farther you go into the trade, I'll have a question on pyramid that someone asked. Everything means you're getting in later in the trade and expecting it to continue to go your way. Your initial return to risk ratio is the highest the day you get into the trend following trade.
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