Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Playing at Safe Is Dangerous
Tren following is a precarious balance between risk and reward. Successful people understand that risk, properly conceived, is often highly productive,. They appreciate that risk is an advantage to be used, rather than a pitfall to be skirted. Such people understand that taking calculated risks is quite different from being rash. The first of several paradoxes which i am going to present to you to day. This one might be in cap lated as follows, playing at safe is dangerous.
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