
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.
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