AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Ep. 1189: Know the Rule with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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%.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode