Ep. 758: The Foundation of Good Trading with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Origins of Trend Following
David Ricardo's famous maxim, cut short your losses and let your profits run on is a central tenant of trend following philosophy. As long as the trade is going your way, don't get out. There should not be relevance to some economist from the late 1700s today to us because human nature is timeless. Look at China today, reaching a fantastic high and retracing 30% in less than three weeks.
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