Ep. 1025: Five Quick Trend Chapters with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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What Is Trend Following Trading?
Every trader needs a trend to make money. Trend traders use an initial risk rule to determine their trading size at entry. This is the only trading strategy that can be traded on a desert island. Stocks, e tfs, leaps, options, bonds, currencies, futures and commodities are all ripe to trade. All else is inconsequential as long as price data is available. A trend trader's average profit per trade is significantly higher than the average loss per trade.
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