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Ep. 1088: Larry Hite Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Pull the Leverage Out of a Crash and Burn

You can't go more than three times leverage. It's going to depend on the volatility over the course of the year. If you want to marry a really good looking girl, forget who she is, what you want. You got a good looking girl. Once I figured that out, I always went to where you could make a lot of money. Doesn't mean that I didn't have drawdowns. But once I knew the money management, it was the place in the technique. There's some serious math behind what you just said for people that want to go figure it out. This is not for you if you don't trust the government and Wall Street.

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