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Hi Michael, My biggest challenge is setting my stop loss at the correct level. Whether it be at the open of the trade or when trailing the price.
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