Ep. 989: Four Trend Players with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Trade Off the Floor
I was running the floor operation in the green room for Rich Dennis when he first decided to open or start this program. I witnessed the first round of turtles, if you will, that came in and saw how successful they were over the course of the next year. It gave you the chance to learn how to trade and take the emotion out of it because it wasn't your money. It was Rich's money. As you know, we used a high degree of leverage in the turtle program. So the opportunity to make triple digit returns was there - our margin equity was very high.
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