Ep. 754: The Schwager Launch with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Commonalities of Different Trading Styles
There are many diverse trading styles in this book. One of the commonalities is clearly, and I even quote the one gentleman here from the first chapter, Colin O'Shea,. He says he wants to have a price point to invalidate his hypothesis before entry. And that's entirely wrong. What you need to do is pick your stops by where it invalidates your trade, not by how much pain you can stand.
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