Ep. 58: Dirt Off Your Shoulder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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How to Follow a Trend
For trend following, it says you start with five basic precepts. What market? What markets are you going to track? Follow. Buy high, sell short, lower. It's buying the rising market and selling short the declining market. The fifth element is the bet size. How much of your limited capital will you bet on each trade? Are you going to bet 1%, 2,. 5% or 10%.
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Transcript
