Explore popular quotes and sayings by an author Michael Covel.
Last updated on November 17, 2024.
Michael W. Covel is a bestselling author, entrepreneur, and film director. In 1996, he co-founded TurtleTrader.com, later expanded into TrendFollowing.com, a popular online resource focused on investment style known as trend following, which allows investors to profit in both up and down markets.
Your trading needs to boil down to rules, money management, and that is it.
Trading is a waiting game. You sit, you wait, and you make a lot of money all at once. Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between.
Jim Rohrbach sticks to his rules. You can learn from him and win, or ignore him and lose. It's an easy choice. He gives trend following a good name!
Do not let emotions fluctuate with the up and down of your capital.