4min chapter

Michael Covel's Trend Following cover image

Ep. 1165: Big Events with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

MG Long Crude Oil Futures - A Zero-Sum Lesson in Action

After 119 years of success, Metallgazellshaft lost $1.5 billion in 1993. Trend following players had a major role in MG's demise. The performance data was out there for everybody to look at. It wasn't a secret.

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