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Ep. 1041: Don't Jump with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Money Management

Seth Klarman: If you don't learn how to control and bet size and manage your account, you're not going to be a successful trader. He says day traders have the deck stacked against them because time runs out at the end of every day. "My game is to bet small, and if I lose, then I can only lose small," he says.

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