Ep. 835: A New 2020 Book with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Win and Lose Trades
Larry Tintarelli says, can you ask Tom about his exit strategies on winning positions? A lot of traders know to use stops for losers but exiting winners can be a bit trickier. If the direction is up today, I want to be long and I want to put a stop, a sell behind that position. As long as the direction continues to be up, I'm either keeping the stop where it was or moving it in the direction of up. So I try to simplify it down to something that simple.
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