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Ep. 1194: Jerry Parker Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Risk of Ruin
When you get in losing streaks, reduce your positions and leverage by twice as much as your drawdown. Remember that turtle rule? And there were some other money management ideas that don't get a lot of press trade level calculations or things like that. There's a few little nuances that I think maybe people don't know about them. They could logically assume that, yeah, you could get into a huge losing streak, especially someone like Paul who just uses such huge leverage. It's just a matter of time.
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