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Ep. 531: Mark Rzepczynski Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Understanding Volatility

The volatility is the standard deviation around some mean. If I'm long and the market starts to become volatile because it's going higher, that's good volatility. In some sense, when you think about drawdowns, drawdown is what happens in cumulative effect on the left-hand side of the distribution. You like volatility as long as it can lead to or is associated with the upside relative to the beam.

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