Ep. 969: A Speculative Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Avoid Losses in Trading
If you can't predict the end or top of a trend, don't get out early and risk leaving profits on the table. You will need the biggest winners after all to pay for the smaller losers. Losses are a part of the trading game no matter the strategy. Theoretically really big losses rarely befall trend following strategy because it eliminates positions as soon as market goes against it.
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