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Michael Covel's Trend Following

Ep. 1079: Technical Analysis Nonsense with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 27 May 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Technical Analysis Nonsense 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!

Transcript

Click on a timestamp to play from that location

0:00.0

This is trend following radio where great thinking comes alive.

0:10.9

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

0:21.2

I am your host, Michael Covel, not filtered, raw, honest.

0:27.4

That's my passion.

0:33.6

I had another conversation with Larry Haight the other day, the famed traitor.

0:39.4

This conversation is coming on the podcast soon.

0:43.0

I'm not sure why, but after that podcast, I was curious as to how his book has been doing.

0:49.7

It's doing pretty good.

0:51.3

But while I was at Amazon, I decided to take a peek at some of his reviews.

0:56.0

I've not looked at Amazon reviews for a long time for just about anything.

1:00.4

So I went to one of the one-star reviews.

1:04.4

I shall read that review verbatim.

1:07.7

Not because of any kind of agenda or this or that, but I think it's a great learning, teaching

1:15.2

moment. A review, a one-star review of Larry Heights book The Rule. That review reads, I really enjoy

1:24.4

the story of his life, but that's not what I bought the book for.

1:28.4

I was hoping to see his take on the indicators, moving averages, and other technical analysis

1:34.6

that goes into the very complex question of trend.

1:39.4

He treats it as if it's a binary issue.

1:42.7

I buy when the trend is up, and I immediately get out as

1:45.6

soon as the trend turns down. That is extremely disingenuous without going into detail about

1:51.1

what technical analysis he used to come to that conclusion. Again, his life story is inspirational,

1:57.3

and if that's the reason I bought the book, I wouldn't feel ripped off.

...

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