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Ep. 577: Art Collins Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Instinct to Trade Good

Traders hang on to their losses, hoping that they're going to come back. They get out of profits quickly so that they can feel relief, you know, that they've run the cash register. Why is that our instinct when trading 101 tells you it has to be the exact opposite? Humans are just not wired to instinctively trade good. The profit target is seductive. Let me go in. I'm up a certain amount of money and let me just take it off the table," he says.

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