Ep. 744: TurtleTrader with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Handle Profits Properly
How to handle profits properly is a separation point between winners and losers. Credit traders adjust their trading to the money they have at any one time. If crude oil had just traded above $40 for the first time, the turtles were not to sit around and cibits about it. They were to take action if it hit their S1 or S2 entry or exit signals.
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