Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Portfolio Management
The more money risked, the larger the bet. A hot portfolio keeps more at risk than does a cold one portfolio. Bold traders prefer and are able to take more heat,. More conservative traders generally avoid the circumstances that give rise to heat. Conservative betting produces conservative performance, while bold betting leads to spectacular ruin.
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