Ep. 1183: Turtle Reminiscing with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Evolution of Trend Following
Jerry Parker: I think one of the things that happened over the years was trend following started to change. It started to change from let your profits run to what's the sharp and we need to be very concerned with these return performance, daily performance, weekly performance,. monthly performance rates of returns. If it's a drawdown on a profitable trade, they've been redefined as losses. What? How does this happen? So just me rejecting that idea. That seemingly is great. You know, that's our money management. We diversify like crazy. We do longs and shorts and then we take small losses.
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