Ep. 599: Trend Following Insights and Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Dow Theory and Trend-Following Strategies
The Dow Theory is the earliest modern expression of an objective trend-following system. It defines precisely what constitutes a meaningful high or low, and entry and exit levels for trades. Different levels of breakouts can be used to recognize signals for trend beginnings, continuations, and ends. Profits are made by capitalizing on up or down trends by following them until they are reversed.
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Transcript
