Ep. 372: Letting Your Systems Run with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Make Money Trading
When he got out of school I went to work for a fairly sizable savings bank in Atlanta but they really were risk averse and they wouldn't let me trade. As you make more money, you know you want to pyramid, if you always trade in one contract or two contracts you're never going to make a lot of money so as you make money you need to gradually add different commodities into your account. So it really took me from I guess my first job in 1982 my job here in 1986 to really get to the top of the risk pyramid where I went to be.
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