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Ep. 1180: Paul Mulvaney Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Trading Simulations

"I didn't have the preconceived idea around the size of drawdowns I'd be willing to live with," he says. "Drawing down 90% doesn't tell you that the system's broken." But if we keep trading system for long enough, one day we'll... It's important to bear in mind what can actually happen even with a very, very good system is much worse than people who are willing to contemplate.

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