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My biggest challenge with trading is the repeatability and consistently. Risk management is effective however I believe my system has me “scared” out of positions where I may be good at cutting losses quickly but letting winners run my system is clearly flawed.
It’s more than that. You need:
- Exact rules for selecting your tracking portfolio.
- Exact rules for entering your trades at the right time.
- Exact rules for exiting your trades with a loss.
- Exact rules for exiting your trades with a profit.
- Exact rules for how much money to bet on each trade.
Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course