30 min listen
Ep. 530: Against the Gods with Michael Covel on Trend Following Radio
Ep. 530: Against the Gods with Michael Covel on Trend Following Radio
ratings:
Length:
20 minutes
Released:
Feb 20, 2017
Format:
Podcast episode
Description
Many take risk without thinking. They do not quantify risk. One of Michael’s first steps into the risk indoctrination came in the 1990’s through a book, “Against the Gods: A Remarkable Story of Risk.” Michael plays an excerpt from the author Peter Bernstein. There is no perfect algorithm for risk, only guesses. Everyone has a limited amount of capital. Risk is putting your money down and knowing that you can lose it. In the trend following world, risk is why traders keep it small. How much can you afford to lose? This is the only thing you can control in the markets. Predictions should be a blinking red light for anyone listening. In this episode of Trend Following Radio: Stop loss Know your risk How much are you willing to bet? Coarse risk management Long Term Capital Management Too much dependence on math
Released:
Feb 20, 2017
Format:
Podcast episode
Titles in the series (100)
Ep. 25: Michael Covel on Trend Following Radio: Michael Covel lays out 25 selected Trend Commandments. While these principles aren't all-inclusive, they're guidelines to help get you to understand the trend following mindset. Covel also brings up a recent review of "The Little Book of Trading" in... by Michael Covel's Trend Following