2min chapter

Michael Covel's Trend Following cover image

Ep. 1169: Avoid the Noise with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Importance of Understanding Yourself

The psychology is the most important thing of all. That will drive what everybody does. It forces people to abandon systems that are basically sound systems, just because a system is on a slight drawdown. There are a lot of different ways it can hit you, but understanding yourself is the most key. Michael: Did you go through your whole trading career on kind of an even keel? Were there ups and downs emotionally?

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