Ep. 887: A Trend Following Firehose with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Capital in Trading Futures
The idea of buying something cheap, there's so many instances, we can all look through the price data that you might want to buy something cheap. In fact, I see this right now with discussions about something as simple as the Shanghai Composite. So part of it is your historical perspective. If you think the market is going up and this is just a blip, you're going to want to buy cheap. The big problem with trading futures or any business, really, is you need capital. There's no easy way around that in my experience.
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