Ep. 995: TurtleTrader Philosophy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trading the Same Way
Traders with a big profit run up don't want to lose those paper gains. Many traders are anxious to take their profits off the table so they can feel secure. The distinction between open trade equity and closed out trading profits is completely vacuous. How much money you used to have has no significance. It's how much money you have now implored Eckhart.
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