Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Technical Indicators for Trend Following Strategy
Trend following trades can last extended time frames. Positions held for two to four months are not unusual. Some have been held for more than one year, says a spokesman. Historically, only 30 to forty % of trades have been profitable. Technical indicators account for maybe ten per cent of the overall trading success. A preset cell strategy gives you opportunity to preserve capital and re deploy into more opportune markets.
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