Ep. 704: Run Rabbit with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Run Profits and Minimize Losses
We're hardwired to imagine that everything will go to the moon. And then of course, if it does come down, we're also hardwired to never get out. Mark Shipman: In trading, it's possible to make more losing trades than you do winning trades and still make money. But psychologically, though, it's very tough to deal with that feast or famine environment. We must all realize is that none of us know the future,. A mentor of mine said there are only two people in the world and they're good guesses and bad guesses.
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