Ep. 742: Trend Following Fifth Edition with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Entry Price in Trend Trading
Richard Dennis: Any time the market goes up a reasonable amount, after you put on a position, it's probably worth adding to that position. If your goal is to ride a trend that starts at fifty and goes up to one hundred, it does not make a difference whether you got in at fifty two or sixty or seventy. Statistics would show that you make more money buying them and not waiting for a retracement.
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