Ep. 973: Trend Following and Covid with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Weekly Trading
Trader Richard Doncian was the undisputed father of trend-following. Trend traders don't expect to be right every time, but they do expect to make money over the long run. The rule is brutally utilitarian: Cover your short positions and buy when price moves above high of two previous calendar weeks. If price breaks below low of the two previous calendar week, liquidate your long position and sell short.
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