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Ep. 744: TurtleTrader with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Risk Management

Risk management was not a concept that the traders grasped immediately. Dennis and Eckhart demanded that the Turtles respond the same or they were out of the program. They did end up cutting people. In essence Eckhart was saying, you are not special, you're not smarter than the market, so follow the rules.

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