Ep. 887: A Trend Following Firehose with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Discipline in Trading
The latest rounds of a systematic trend following CTA style trading is dead. EMC's best systems now, if you have a system that has a 40% winning percentage over a long period of time across all the markets we trade, that's a phenomenal system. The discipline of letting your winning trades run and cutting your losses is where you make your money. It can be a very difficult thing to do month after month, year after year.
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