Ep. 1025: Five Quick Trend Chapters with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Investing Is an Act of Faith
The concept of price as the critical trading cue may be too simple for mass acceptance. Even if you know accurate balance sheet numbers, how does this help you determine when or how much to buy or sell? The market is always right, and price is the only true reality in trading. You want to see life as a continuum running on a loop, back and forth from risk to reward. To take risks, is inadvisable. To play it safe is the message. Risk can only be bad. However, winners understand risk is high productive and not something to avoid. Taking calculated risks is different from acting rashly. Playing it safe is real danger.
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