Ep. 835: A New 2020 Book with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Plan for Catastrophic Events
I was amazed at how many CTA's professional traders did not plan for disasters we would once a year at least have it what I would call a disaster day and I would tell everybody ahead of time so everybody in the company knew what to expect. We moved a section of the company to our off-site location to operate in an alternative mode while a certain number of people stayed in the primary location to answer phone calls from clients or things that would come in. It required a whole lot of attention because when you're operating on backup equipment it's a little bit more clunky than it would be with your mainstream stuff. But invariably what you get out of those exercises is there's a good
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