Ep. 835: A New 2020 Book with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Performance Gap Between CTA and Client Returns
If you're trading each one of those little swings and doing some short-term trend following, there isn't a trend long enough for the kind of once a day guide to really catch much. On the other hand, there's going to be periods like back in 97 when the Japanese end goes crazy or maybe in the future when the dollar goes down a lot - whatever. Those types of trades more than pay up for all the losses during the sideways periods. Rebalance yourself when one trader makes too much money and is getting really leveraged and going crazy. Maybe you back off some money there and you spread it amongst other traders that are acting a little more conservative.
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