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Michael Covel's Trend Following

Ep. 1279: Firehose to the Mouth with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 26 April 2024

⏱️ 113 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Firehose to the Mouth 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

I'll be the first one to admit, I don't like the chaos.

0:04.8

I don't like the controversy.

0:06.1

I don't like the political strife.

0:09.3

I like freedom.

0:11.0

I like the freedom to speak.

0:14.0

I like civility.

0:15.5

I like law and order.

0:19.4

But today we live in chaotic times. And chaotic times translate, connect to, are the markets.

0:30.7

Meaning the markets reflect all of the volatility we see in society. Name the country. It doesn't matter. It's reflected in the market.

0:42.4

And that doesn't mean you need to make a prediction as to what's going to happen next.

0:46.8

You just react. Reacting can make you rich.

0:51.8

Predicting can make you poor.

0:54.7

You want to question me? You want to question me?

0:56.3

You want to doubt me?

0:58.6

Let me share three voices today that understand all about reacting, all about risk management,

1:08.7

all about probabilities.

1:14.9

Three of the smartest people on the planet.

1:22.3

Now, you might go find somebody who has some super high IQ level, but they might not necessarily achieve.

1:25.8

These three individuals are achievers.

1:32.0

First, a French trend followingfowing trader, a brilliant man.

1:38.6

Second, a short-term quantitative trader, another brilliant man.

1:47.0

And third, finally, yet another brilliant man, an analyst who understands risk management and probability deep in his bones.

...

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