Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trading Strategy - How to Avoid Blind Risk
Wise minds know the amount of risk taken in life is in direct proportion to how much you want to achieve. If your goals are meagre, they can be reached easily with less risk of failure but greater risk of dissatisfaction. The man who embraces blind risk demonstrates all the wisdom and intelligence of a drunk. However, calculated risk builds fortunes, nations and empires. Calculated risk lies at the heart of every great achievement since the dawn of time.
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