Ep. 903: Trend Following Misconceptions with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Avoid a Drawdown on Your Account
How do you lose 50% on your account? Well, that's a really good question. You do it by little bytes, little cuts, and little cuts add up. What is trend following? It's about taking many small losses. So if you have a trendless period, a choppy period, a whipsaw period over many markets and many small losses, there's where your minus 50% comes from in the trend following world.
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