Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Reprogram a New Trader
The first thing is that they need to understand that they have to take total responsibility for what happens to them in the markets. For example, I can give you a really good system and then you start trading it and maybe make three mistakes every 10 trades. You've got to get to a point where you understand that it's what you do that produces the results,. That's number one beyond everything. There's another level of that, which is your responses produce the thoughts you have. My guess is 10 people will hear this podcast and they'll all give a different interpretation to what I say.
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Transcript
