Ep. 465: Sunrise Capital with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Discipline in Trading
The human condition wants to let losses go forever because we all think it's going to bounce back. This is much of what you're modeling to find your performance and protect your downside. If the markets are one giant psychological experiment, people generally fight bad news. It just doesn't benefit you when you're caught on the wrong side of a trade.
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