Ep. 1081: Wise Trading Voices with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Luck in Risk Management
I'm a believer, by the way, that a lot of success, I attribute whatever success I've had, certainly luck plays an important role. The first job I never knew anything about futures. It was just a fluke that the director of research happened to pick up. Jack: Do we ever get to the point where a stop loss becomes something that people need to question? Gosh, should I really have a stop loss or is that in your experience, across the traders, across the strategies, they all got a stop loss?
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