Ep. 989: Four Trend Players with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Discipline in Trading
After 08 up until really up until 2013, we kind of went sideways to negative for quite a long time. You never know when the next successful period is going to come for our style. The discipline of letting your winning trades run and cutting your losses is where you make your money. That's just the nature of our return stream. And if your investors understand that and they're comfortable with it and they know it's a long-term investment, they're going to understand we're going to have periods where performance is going to be difficult.
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