Ep. 320: Mike Shell Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Determine Your Exit Point
If I'm buying something because it's going up, and that 50 is the price point in which I'm going to get in and I define that it is going up. And then again, there's another equation, a mathematical equation. And then at what point am I wrong would be at what point is it no longer going up? So you could visualize conceptually, if I'm in it,. If I'm getting in at 50, You could look at a price chart, for example, and say, okay, well, at what point would that no longer be rising? At what point isit now going down and going the other way?"
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