Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Trade for Yourself
If you can decide where you are going to be uncomfortable with it, and then at that point say I've had enough of this, I'm out of here, that will be your level. My own level is different from what I have to do for my clients. As long as I'm in a drawdown and it's an expected situation, let's say the currencies are going sideways and getting website to death, that's unexpected. Then it's not broken. So as long as it's normal, I think I don't fiddle with it.
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