Ep. 1275: Two Months in 2024 with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 12 April 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Two Months in 2024 with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

---

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	Let me share a performance story with you.
0:04.8	2018, the trader that I'm going to feature today, minus 4% on the year.
0:12.8	2019, minus 21% on the year.
0:18.4	2020, this trader was up 18% for the year.
0:23.8	2021, this trader was up 32% on the year.
0:29.5	2022, this trader was up 89% on the year.
0:35.2	In 2023, this trader was up 51% on the year. In 2023, this trader was up 51 percent on the year. In
0:42.6	2024, this trader is up after March, after only three months, is up 124% on the year.
0:59.7	His February 2024 performance was 45.4%. His March 2024 performance was 51.08%.
1:06.0	Again, he is up 124.55% on the year, so far, 2024.
1:15.6	Where is this performance from?
1:18.0	From the softs.
1:20.3	What are the softs?
1:22.1	Cocoa, goal.
1:23.7	Also from stock indices.
1:26.6	Go look at charts. Gold's to the moon. Coco is to the moon. Indices the first
1:33.4	three months have done very well. This is what happens when you're a trend following trader. You
1:39.2	capture big moves. Did this trader know that Coco is going to go on a earth-shattering record run-up?
1:46.0	No. Nobody can know that.
1:49.0	But he had a system, a basic system, with rock-solid discipline, and he stuck to his guns.
1:57.0	It's an inspiring story.
2:00.0	Now this trader has been featured in my books, going back to the little book of trading,
	...

Transcript will be available on the free plan in -354 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.