Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Process in Trading
I would love for you to draw some distinctions here from process to practice, practice to process. Break that apart in how you're describing to clients and people that read and follow your work. Is it a burning desire more for the outcome, but not too many people will take the step back and say, okay, hold on. Why don't you talk about that? Those two are very different,. The person with the passion for trading wants to trade, and ultimately ends up over-trading. When markets are closed, there's nothing to generate passion.
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Transcript
