BlogJanuary 28, 2021Michael Covel

“Take action, lose small quickly, win large slowly, manage risk by managing portfolio equity, enjoy the ride…”

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My mindset change is I need to learn this as best as I can, take action, lose small quickly, win large slowly, manage risk by managing portfolio equity, enjoy the ride.

I’m 65 yrs old and have a paltry $150,000 in my trading accounts. My goal is to turn that into one million within 3 years with trend trading.

Most of what I’ve read including your books and all the market wizards books makes me wish I would have started 40 years ago!!

Just bought and read Larry Hite’s great book.

What advice would you have specific to older people who need to earn and live off of trend following starting with a small float?

I believe that basic trend following philosophy and rules apply no matter you age.

I would love to know if there is anything specific to the Grey Hair crowd?

Thanks for your books, podcasts and inspiration!

Jerry

Thanks! My options how I help people: It’s my Flagship, books and podcast. I don’t know that age is an issue. We all die.

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