Ep. 985: The Trend Following Tell with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How Much Money Do You Trade?
When it comes time to place a trade, how much money do you trade? It's a really important question. How much will you bet on every trade? I often see hands in the audience go up 10%. They'll bet 10% on each trade. If you get three or four or five, six trades wrong in a row, like you're freaking lost more than half of your capital. You can't do that. That's again, fucking moronic. And I don't want anybody to be moronic. I want everyone to be wise and have the chance at winning.
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