Ep. 734: If It Keeps Giving Your More Love Go with It More with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Make Money With a Stop Loss
The market price is the best piece of information that we have, but you're only going to be right so many times out of 10 by following the market price. So how the hell do you make money with something like that? Very simply, you have a stop loss. If you're wrong seven out of 10 times, you get the hell out. And then those three times that are winners, you ride those winners as long as they can go.
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