Ep. 959: Hedge Fund Market Wizards Redux with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Negative Edge of Options
Asymmetric positive skew trades, that's going to take some people a little bit of time to sit down and kind of wrap their arms around. It means you put on trades that have the potential to make a lot of money, but even if you're totally wrong, they can't lose very much. The simplest example of this is a long option trade. Jamie May is one who's always does it, I think on every single trade. Kamoshay does it for most of his trades.
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