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Ep. 353: Steve Burns Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Be a Successful Trader

A lot of people in the retail trading world are looking at winning you know high 90% win rates which is virtually impossible. Most great traders have a 60, 60, 70% at the most win rate and the losses like you said have to be expected. I mean one loss of 1% of your capital is simply one trade of your next 100 trades and it's simply part of the business you're doing that's just you know trading is different than other professional fields where you can expect to be wrong most of the time.

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