Ep. 120: Taking, Not Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Worshiping the Fall Signal
When these black swan events happen, strategies like Bill Dunn, Excel and fundamental strategies don't excel. It's that simple. So you're left with the idea of worshiping the fall signal, which is a major US bank. The reports trading success on 60 days or 63 days that have every 63 days. They make money every day,. But in the long haul makes more money. This protects you from when the crash hits, the crisis hits, the tsunami hits. A 30 foot wave kills you. Simply kills you. I'm sitting out at the beach. Nothing's wrong. I've got my umbrella up."
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Transcript
