
Ep. 1155: Trading Psychology Redux with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Third Goal Is Self-Management
"The mind, the mind is psychology. The third is money management," he says. "If you start piling on risk, the quality of your trading is going to go down." A good trader will do it himself with a system that's making money for him year after year. And what I think is absolutely essential is keeping records", Wall Street expert adds.
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