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Ep. 1155: Trading Psychology Redux with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Best Plan Is to Profit by the Folly of Others
The best plan is to profit by the folly of others. The game does really work by funneling and channeling money from people that are making bad decisions with bad plans to people that have good plans and make good decisions. If you want to be average, you can be average, but if you want to spend a few extra hours a night, you can find out how the game really works.
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