Trend Following with Michael Covel

Jordan Kimmel |

Stock Traders Wall StreetFrom the author of The Complete Turtle Traders now comes Trend Following, Michael Covel. He will be joining me on my radio show 8/4.

Michael does it again! By interviewing the top traders of this generation, he brings out the essence of trend trading. The thing for you to consider is: how much of the trend to you want to get? Why jump out of a trend?

Thinking about Gold, sometimes the trend goes further than anyone could guess. Here are some of the highlights from the book:

Have a pre-nuptial agreement with the market… cut your losses short! Never mind the cheese, let me out of the trap.

“Losers average losers”- use the tier system to average up into winners, not average down into losers.

HAVING THE COMMITTMENT TO WIN!- One of the biggest themes in the book. Trend following and trading are not designed to create average gains.

His Cheat Sheet: No predictions, just react to trends and let your profits run.

*DISCLOSURE: No relevant positions

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
CGA China Green Agriculture Inc. 1.43 -0.01 -0.69 28,967

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