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Ep. 1104: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Cryptocurrency and the 80% Drawdown

The strategy of taking 80% drawdowns or whatever is loopy. Am I crazy? You definitely have multiple standards. As we've seen it with trend-following with some of the managed futures industry, if you have a 20%, 25% drawdown, people walk away. In their mind, that's not risky because they will come back. If you have multiple decades, stock like Cisco that still is working its way back. That's reinforced that behavior.

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