Ep. 744: TurtleTrader with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Eckhart's Argument for Trading the Same Way
Many people with a big profit run up don't want to lose those paper gains. They are anxious to take their profits off the table so they can feel secure. How much money you used to have has no significance, it's how much money you have now implored Eckhart. The turtles were taught not to fixate on what particular market made money that month or year and accept whatever trending market created opportunity.
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Transcript
