Ep. 682: Trend Following Deep Dive with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Money Management
Many argue that money management is far more important than your entry exit rules. Risking no more than one percent per trade is a good place to start, and risking more than five percent pertrade is a sure way to the poor house. Conservative betting produces conservative performance, while betting bold can lead to spectacular ruin. A hot portfolio keeps more at risk than does a cold one.
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Transcript
