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Ep. 639: Martin Bergin and James Dailey Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Difference Between Vol Targeting and Correlation

The reason you don't have the correlation is because when stocks go down, you're not just a long, only stock firm. So you are able to benefit from all these other moves that will happen when the big equity move is on the downside. We used to target a static monthly bar of 20%. We were dialed at that no matter what the environment. And we actually penetrated that loss, I think 1.14% of the time.

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