4.6 • 730 Ratings
🗓️ 14 October 2024
⏱️ 24 minutes
🧾️ Download transcript
Please enjoy my monologue Think Clearly with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Click on a timestamp to play from that location
0:00.0 | I want to share with you today a thread back and forth messages between someone I don't even |
0:09.8 | know their real name. Now I made a post about headlines and I forgot the exact nature of it, |
0:16.7 | but essentially if you're trying to trade headlines, you're an idiot. |
0:22.0 | It doesn't work. |
0:24.1 | So this guy writes me, and he says, I saw your post about headlines, and I tend to agree. |
0:30.3 | However, I wanted to get your thoughts on this if you have time. |
0:34.5 | He sends me some link. |
0:36.4 | I click the link. I read a little little bit and somebody i don't know some trader |
0:42.1 | maybe he's real maybe he's not real i don't have any idea he's talking about making millions of |
0:48.9 | dollars trading one minute candlestick bars. |
0:59.2 | I wrote my new friend back, my new anonymous friend back, and I said, what is the exact question? |
1:07.0 | He says, I'm asking if you think there's validity to the episodic pivot as defined here by blank. |
1:10.2 | Or would you classify that as gambling on headlines? |
1:19.0 | Now, if someone asks me that kind of stuff, I'm already thinking they haven't read anything that I've written. |
1:19.8 | They haven't listened to the podcast episodes with the Sokotas and the Heights and the Dries |
1:26.9 | and the Basso's and the parkers. That's my first thought. |
1:32.8 | Because all of that already expresses where I stand and frankly where trend following stands. |
1:43.0 | So I asked him. I said, you understand what trend following is. |
1:47.2 | That was a question in response to his question about this person and their trading and whatever. |
1:54.8 | My friend responds, yes. And he says, to be clear, I'm not asking if the episodic pivot meets the definition of |
2:02.4 | trend following. I'm simply asking if you think it has validity. How the fuck do I know if it has |
2:09.4 | validity? But one minute candlesticks? Let's say the odds are not very high. And if you don't know that by now, meaning my new friend |
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