Ep. 835: A New 2020 Book with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Differences Between Trading and Money Management
For those people who think they're going to get in the money management industry let me tell you that the year before I shut trend set down I spent a hundred grand on regulatory CPA and legal fees at no benefit to my client. Less than ten percent of my time probably actually doing meaningful research or trading more time running a business if you want to be successful at it. Keep saving a lot of that money put it into your trading accounts hone your skills at smaller amounts of money and then get your portfolio to the point where it was supplying an extra source of income for you.
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