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Ep. 592: Don’t Curb Your Enthusiasm with Michael Covel on Trend Following Radio

Don’t Curb Your Enthusiasm with Michael Covel on Trend Following Radio
Don’t Curb Your Enthusiasm with Michael Covel on Trend Following Radio

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Please enjoy my monologue Don’t Curb Your Enthusiasm with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Luck in life
  • What happens when plans deviate
  • Chaos is not a pit
  • The realm

Mentions & Resources:

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Am I Just Getting Lucky?

Feedback in:

Michael,

As my account is still small (although up 150% so far) I find that I’m trading a lot. I get signals every day and in 3 months have made 185 (counting opening only). I find my self getting stopped out of trades because I can’t take a full position and then getting back in when the market comes back.

I’m not going more than 2 units per trade and 5 units per sector on [entry and] out 2 ATR 2% unit model.

So it’s going well and I’m excited about that but want to make sure I’m not just getting really lucky as opposed to implementing a life changing trading strategy.

Regards,
Jordan

This sounds very short term, and not trend following?


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Nassim Taleb on Buffett v. Soros

Nassim Taleb:

Asked…if returns such as those posted by Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett — who amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers — are the product of luck or talent, Taleb said both played a part. If given a choice between investing with Buffett and billionaire investor George Soros, Taleb also said he would probably pick the latter. “I am not saying Buffett isn’t as good as Soros,” he said. “I am saying that the probability Soros’s returns come from randomness is much smaller because he did almost everything: he bought currencies, he sold currencies, he did arbitrages. He made a lot more decisions. Buffett followed a strategy to buy companies that had a certain earnings profile, and it worked for him. There is a lot more luck involved in this strategy.”

Much wisdom there. More.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

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