Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How Much Do You Buy or Sell?
Author tom freedman makes the strong argument for sound strategy in a complex world. Freedman knows all too well the real power brokers in today's frighteningly interconnected world are traders, not politicians. The essence of risk management is making a logical decision about how much to buy or sell. If you have a hundred thousand dollars and you to trade micro soft? Well, how much of your hundred thousand dollars will you trade on micr soft? On your first trade, will you trade all 100 thousand dollars? What if you're wrong?"
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