Ep. 492: TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of News in Trading
The greatest trader in Chicago had been trading five years before he ever saw a soybean. He poked fun at the notion that if something was happening in the weather, his trading would somehow change. The turtles' core axioms were the same ones practiced by the great speculators from 100 years earlier. Do not let emotions fluctuate with the up and down of your capital. Be consistent and even tempered. Judge yourself not by the outcome but by your process.
Play episode from 08:45
Transcript
