Ep. 47: Consistency In Your Thought Process with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Consistency in Trading
I like the idea of it's binary. It's either on off one or zero, yes or no, up or down, make a decision. But once again, so to counter all that, I actually have been working on a new edition of my little book of trading and Cole Wilcox has provided a little writing. He says trend following is data driven, not news driven. When executed correctly, it's immune to the politicking and herd mentality of Wall Street, CNBC and other opinion influencers. Finally, trend following can provide a framework in which you may be wrong much of the time, but when you're right, you're right in more profitable ways over the long term.
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