4.6 • 730 Ratings
🗓️ 24 May 2024
⏱️ 20 minutes
🧾️ Download transcript
Please enjoy my monologue Don't F Around 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 | The crazy thing about being in this trend following world is to see people who are seemingly |
0:07.6 | on my side. |
0:09.1 | They seemingly understand what trend following is. |
0:14.6 | And then they throw a monkey wrench into their explanation. |
0:19.4 | For example, instead of just saying that trend following is all about |
0:24.1 | price, follow the price. You don't know where the fuck the price is going to go, but just follow it. |
0:31.8 | This has nothing to do with investing in the traditional sense. You're literally just following the |
0:36.8 | price. It's almost like a |
0:37.7 | video game or something like that. Just follow the momentum. And I'll get people that |
0:44.2 | seem to get this and then they say something like this. While I follow the price and the volume, |
0:51.5 | where the fuck did you get that from? Come on. Some crazy-ass book |
0:56.5 | that's not grounded in anything. Look, when I got into this trend following world, |
1:03.3 | and ultimately, later on when I decided to write a first book, I needed proof. It wasn't just my opinion. I didn't dream it up by looking at |
1:14.7 | lines on the wall, squiggly lines on a chalkboard. I wanted proof. I wanted to know who did this. |
1:25.4 | Who did this before me? Now, some of you might be thinking that you're an artist. |
1:33.4 | You have to figure out your exact, independent, original take on the markets. Oh, that's a bunch of |
1:39.2 | bullshit too. It only takes a few minutes of looking around to realize that trend following is the winner. |
1:47.1 | It only takes a few minutes of looking around to realize that over time, over decades, over centuries, the big winners have been trend following traders. |
2:00.5 | Maybe somebody only made a million dollars with |
2:03.7 | trend following, only a million dollars. Maybe they made a billion. Sometimes luck is involved |
2:11.3 | in the magnitude of the gains. It might depend on whether you're a money manager or not, managing billions for clients and getting fees to be a trend following trader. |
2:23.0 | But what I wanted to know when I started out, who? Who were the winners? |
... |
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