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