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Ep. 342: Victor Ricciardi Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Disposition Effect and the Concept of Selling Your Winners and Holding on to Your Losers

On the downside, a $2 loss is twice as painful than a dollar upside. The emotional aspect of that loss of immersion really has a much greater weight on our decision-making process. So on the downside, we regret the idea of making the investment or even disclosing it to say it's a friend. On the other side, we think about the pride of making those investment decisions.

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