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Ep. 273: Rande Howell Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Detriment of Trading

Trading is a mind really built around patience. An alpha type of guy coming into trading is built around urgency to act. What I like to do is we have to redefine what work is. Is work is not busyness. Work is effective action. In trading, the work of effective action is built around patience and then action. A trader that I work with has a statue,. about a three-foot statue of a panther at her trading desk. She literally, as she's looking at setups, as she’s looking to enter or exit trades, she is saying to herself, patience, patience."

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