Ep. 1077: Inspiration from Three Bright Minds with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Make Money Trading a $100,000 Account
You've got to actually have an emotional quotient on what risk you can emotionally handle and then strive to find without optimal F is that Ralph Vince has written about. It isn't just a math of it. Even at that, as I mentioned earlier, if your emotions don't allow you to handle a $50,000 loss and you're trading a $1,000,000 account, whatever,. You can't make that size of a bet. The other thing is I think the underlying is the human brain is wired to be right at all costs. People kill people on freeways because somebody cut in front of them. So we'll prove we want to be dead right this time.
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