Ep. 1117: 98 to 22 with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Be a Successful Trend Follower
Trend traders use an initial risk rule to determine their trading size at entry. Changes in price may lead to a gradual reduction or increase of your initial trade. A trend trader's average profit per trade is significantly higher than the average loss per trade. Stocks, ETFs, options, bonds, currencies, futures, and commodities are all ripe to trade. This is the only trading strategy that can be traded on a desert island. As long as price data is available, all else is inconsequential. Media, fundamentals, broker options, talking heads, and so on are simply not necessary to profit.
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