Ep. 991: Tom Basso at Collin Seow Event with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Setting Limits in Trading
I don't set a target. I, you know, there are some trades. If you're doing real short term trading, maybe make sense to set some targets for part of your position. You can cheat the systems a little bit mathematically by selling off part ofyour position into the trend and then holding onto the rest of it to purely trend follow it. But in the end, it's you got to buy low sell high. There's a trend. So as far as I'm concerned, if I can pull out the middle part of that trend and miss the top a little bit, miss the bottom,. but if the trend in between is big enough, you're going to make
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