Ep. 872: Aha Moments with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Different Styles of Trading
Colin O'Shea says that most people pick their stops by how much pain they can stand. And that's entirely wrong, he says. What you need to do is pick your stops by where it invalidates your trade,. Not by how muchpain you can stand. If weird and validates your trade is too painful, then that means you should even be trading smaller.
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Transcript
