Ep. 127: Don't Be Average: Buy & Hold with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Death of Buy and Hold
We are as a group, we investors, 100% buy and hold investors. There's no way around that. The best traders have exit strategies. So what happens if you retire fall of 2008 and you're down 50%? See buy and hold has an exit strategy. No one wants to talk about it though. You just magically, it magically happens that retirement, you will exit at the exact right time with all this money.
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