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Ep. 1174: Tom Basso Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
How to Trade the Speed of Light
I have a different track record curve. Over my lifetime, I'm probably somewhere in the neighborhood of 33% reliable and my profits a loss factor is probably three to one. As you go down, of course your number of trades goes sky high quick. The second thing that happens is your reliability starts going from 33 and starts gravitating up towards 40. And we're just doing the same thing, just changing the time. We're basically becoming the casino with the thousand slot machines on the floor.
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