Ep. 935: Trends, Psych and Felonies with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Managing Overconfidence
"One of the surest ways to have a disappointing life and a disappointing trading life is to believe that you can perfectly manage risk," he says. "If you try and live a life wrapped in bubble wrap you're going to be broke and sad so take risks but take appropriate risks" He adds: "You really do have to walk this tightrope and say look there's some risk inherent in any good thing you ever do"
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