Nov 17, 2013
Michael Covel opens up today’s podcast with an excerpt from a book called “Maximize Your Potential”; talking about growing your expertise and taking bold risks. It comes down to making bets. That is the trend following way. You do not know which market is going to take off; you can’t know, you just have to make bets (with risk management). When whatever technical indicator you’re using hits, you’re in. And if it doesn’t go your way, you get out. With that overview, Covel goes over his week and his experiences so far in Cambodia. Covel talks about living large, comparing us to the people who built the temples in Cambodia. Nothing goes up forever, whether it’s the Cambodian grandeur or Twitter, Priceline or Google. Covel moves on to talk about when one market dries up--then what?. Can you trade all those markets the exact same way? Want a free trend following DVD? Go to trendfollowing.com/win.