5min chapter

Michael Covel's Trend Following cover image

Ep. 1184: Robert Carver Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Importance of Diversification in Trading

When you first wrapped your arms around the idea of systematic strategies, using price as a cue and applied over so many different markets, allowing markets to be treated in a similar fashion. It's interesting because my first trading, as I said, was an investment bank as a sell side trader on the floor. Immediately, there was no question of starting off and saying, well, you're just going to do a strategy with one market. You automatically build some of the 20 markets. But something I only gradually realized when I left and started doing my own research, it only really came to me in stark way when I actually ran the numbers. And then I'm like, okay, if I just

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