Ep. 993: Trend Following Decision Making with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Power of Gut Decision Making
Investors often make the mistake of assuming that good outcomes are result of a good process. The best long-term performers in any probabilistic field emphasize process over outcome. Winning a bad bet can encourage you to take more bad bets in the future. If you have no market process and focus on profit outcomes alone, it will end badly.
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