3min chapter

Michael Covel's Trend Following cover image

Ep. 1169: Avoid the Noise with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Psychology of Drawdowns

When you get somebody in a deep drawdown, unless he's changed something, or you've completely lost trust in what he's doing, then balance right back into the guy that's on the biggest drawdown. It seems like the industry does exactly the opposite though. Lots of noise, creating drawdowns. Lots of trending markets creating profitable periods to rebalance yourself when one trader makes too much money and is going crazy.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode