
Ep. 406: Larry Hite Views Outlined with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Date and Trade Successfully
For many, whether those looking to date or those looking to trade, the risk is certainly worth the reward. The trading game is about bets and there are four kinds of bets. There are bets you win and bets you lose. Ask yourself, what's a good bet and are you regularly taking them? How much can you lose? Never risk more than 1% of your total account on any one trade. You alone control how much of your limited supply of money you're willing to lose.
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