Ep. 929: Motivate Me with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Rules in Speculation
This old writing was written like cowboys. There was no desire to care for the emotional well-being of some namby pamby who needs his hand held or someone that's living on a bailout. It was speculation and gambling. And if you're going to speculate, you better have rules. If you don't have good rules, then you're sure as shit a gambler. The language doesn't leave you an out. You either do or don't do. Not everyone's going to get the massive lottery like winnings, but you can make your first million.
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