
Ep. 983: Buy the All Time High with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Make Money With Strategy
"I want to make fun of crazy people that do dumb things, but not too much," he says. "If you got no strategy, you lose 40% in dogecoin in one day and you're back to your mom's basement" Buy something at an all-time high when it goes against you 10% or 20%, whatever your stop loss is going to be, you're out. You sitting there with your interactive brokers account will not defeat them.
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