Ep. 746: Trend Commandments with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Be a Successful Trend Following Trader
The great trend following traders have been motivated by possibility and opportunity, unlike crowds of panicky sheep. A focus on price action allows trend following to be applied to an exceptionally large variety of markets. Trend followers plan when they will get out before they ever get in. Don't expect the tape to be a lecturer, it's enough to see that something is wrong. Buy market strength and sell market weakness no matter how much you lose. Dream big dreams and think tall; very few people set goals too high.
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Transcript
