Ep. 544: Serenity with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Psychology of Trend Followers
Trentonat: Investors don't invest on drawdowns because they can't deal with their own psychology. In the mind, you start extrapolating that dotted line down and think it's going to be X months before I'm totally gone or something. He says he found himself doing exactly the opposite of what his clients were doing all the time. Trentonat: They don't understand even why trend followers have made money over the long run.
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