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Ep. 35: Patrick De Villiers Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Psychology of Trading

The psychology of trading is so well documented, there's so many books that have been written about it. If you don't understand what your emotions are doing to you on a day in and day out basis, when you're sitting with positions watching P&L swing, you'll never actually be able to invest right. The most difficult thing for us to get right was psychology and the second most important thing was patience. Now trend following and the way that systematic traders work is to take and to know that you're going to take a lot of losses.

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