Ep. 1007: Trading Systems with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Get Out of a Winner
When do you get out of a winner? You have seen the headline hipe. Use japanese candlesticks to spot reversals or determine support and resistance, or learn proper profit taking. There is no way to define the concept of support and resistance as 100 people could have 100 different definitions. These directions all try to do the impossible. Dict tom basso slams profit objectives. Exiting a winning position can be a challenge because you have to be comfortable with letting a trend run as far as it can crest before sidering an exit with profits. If you are along several positions and there are huge open profits on the table and the trend is still up, that is not
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