Ep. 488: Never Forget the Lessons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Sitting Tight
After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It was never my thinking that made the big money for me. It was always my sitting tight. Anyone who can both be right and sit Tight are uncommon. You always find lots of early bulls in bull markets and early bears in bear markets. There's a whole class of investor by the way. The crazy investor that chases his tail for his entire life. Never to realize that biting his tail and running his circles doesn't really help. Their experience invariably matched mine. That is, they made no real money out of it. After he knows how to trade, then hundreds
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