Michael Covel's Trend Following cover image

Ep. 542: Trading Psych Mega Episode with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

How to Be a Successful Trader

I think my second peak performance workshop was with Ed Cicado. We did a retreat in Hawaii and I had him present a couple of things. He presented the example of a coin flip where you are right or maybe something... Maybe it was an example where it came up, heads 75% of the time and tails 25%. That stimulated all sorts of things later on about how they do. Well, just because it's random doesn't mean you can't set yourself in a position where you reward us twice as big as your risk Or your position sizing is important in that.

Play episode from 01:51:52
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app