Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Profit From Trend Following Trading
If you are artificially creating a profit target for no other reason than comfort, you are limiting po ential for big trends. Trend following needs those home runs to pay for its whip saw losses. You don't want to exit at one 25 and watch the trend go to two 25. There is no dollar amount too little or too big that allows you to sit back and assume your starting capital alone is the secret.
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