Michael Covel's Trend Following cover image

Ep. 589: Rayner Teo Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Four Outcomes of Trading

There's four outcomes, small win, small loss, big win, big loss. And that fourth one, the big loss is the one that you can most control. You make money by not having the big losses. If you think about this, if you prevent those large losses, what's going to be left is either small wins, small losses and the really large winners? So if your small wins and small losses kind of cancel out one another,. What's left is just pretty much the large winners that would pay for your entire year.

Play episode from 40:40
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app