Group 4 Created with Sketch.

Ep. 172: Getting Hurt is Part of the Game with Michael Covel on Trend Following Radio

17:01
Play Audio
Add to Playlist
Share Report
Snippets are a new way to share audio!
You can clip a small part of any file to share, add to playlist, and transcribe automatically. Just click the to create your snippet!
Top Snippets - Ep. 172: Getting Hurt is Part of the Game with Michael Covel on Trend Following Radio
Found on these Playlists
Add to Playlist
Full Description
Back to Top
It might seem like common sense, but clearly it's not being practiced. We all know that markets are volatile. They go up and down. You can get hurt, and getting hurt is part of the game. Even though you can get hurt in the markets or life, that doesn't stop people from pretending. Covel gives some examples to illustrate, and makes an analogy to the Federal Reserve. How have we gotten to the point where some failure, some losing, has been deemed so inappropriate that we're going to try and protect everyone and everything? This has become the way of the markets; the way of life. However, the markets and life are rough. But if the vast majority of people are just trusting their money to a big monolith of a machine, that gives you a leg up. If you have rules that are opposite to what the vast majority of people are doing, that should give you an edge. Free trend following DVD: www.trendfollowing.com/win.