Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Trend Following Is a Critical Aspect in Money Management
Traders must be able to select a heat level where they are comfortable. As the heat gets higher, so do the gains, but only up to a point. Past that point, more heat starts to reduce the gain. One of the reasons traders don't trade proportionately as capital increases is fear. This can be avoided by creating an abstract money world and looking at numbers.
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