Ep. 61: Your First Loss Is Your Best Loss with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Consistency
I know my returns, the gains that I'm going to achieve over my lifetime are going to be lumpy. They're going to be irregular. It's going to be Feaster famine. Life's not consistent. The markets are consistent. People are consistent. Growth is not consistent. Consistency is really, it's almost the mark of a loser if you think everything is so consistent. If you've convinced yourself that the world is just this nice, clean, neat, and you don't have the ability to adjust or adapt when something goes wrong. That was probably the largest script that I've ever presented in front of. And I mentioned it on Facebook the other day, but
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