Ep. 742: Trend Following Fifth Edition with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Time in Trading
Tom Basso: Computers leverage your time if you know how to use them. He says a definite method, which at all times includes precise criteria for closing out one's losing trades promptly avoids emotionally unnerving indecision. One of my trading buddies enjoys a trading success rate annually of around 15% winners with 50% losers and 35% break-even trades. In 2005 he made over 300% on his initial beginning-of-year trading capital of a seven-figure account.
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