Ep. 1189: Know the Rule with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Be a Good Entrepreneur
Larry Hite: Who are the richest people around? They follow trends. No one gets to be Jeff Bezos rich unless something big comes from nowhere and goes to the moon, he says. The other thing that he did was he took the 52 week high and if it dropped down 5% he got out the first time. If it went back up, he got in. He turned $1 million in the simulation into 20. That's why I called it the rule - get rid of your losses by averaging 20%.
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