4.6 • 730 Ratings
🗓️ 3 February 2025
⏱️ 23 minutes
🧾️ Download transcript
Please enjoy my monologue Strange Days 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 | As always, some motivation, some inspiration, and perhaps today, a different way at looking at |
0:09.7 | things. |
0:11.0 | This is what excites me about life, and I like to share on this podcast. |
0:16.4 | One from X that I reposted, that I love. |
0:20.8 | There are really only two ways to get outsized returns in almost any domain including your personal life. |
0:27.4 | Number one, bet early before anyone else notices or cares. |
0:32.7 | Number two, get lucky. |
0:35.0 | If you're always chasing what everyone else wants, you've already lost. |
0:40.8 | And isn't this the cruel irony of something like X or any social media platform? |
0:49.1 | We're all chasing breaking news. Breaking news isn't how you trade. It's not how you invest. But let me keep |
1:00.1 | it at that for a moment. Bet early, before anyone else notices, or get lucky. Now there's |
1:07.1 | nothing wrong with getting lucky, but it's not exactly a system or a strategy |
1:12.2 | that you can count on. |
1:14.5 | Bet early, before anyone else notices or cares, now that has a certain trend following ring |
1:21.6 | to it. |
1:23.0 | Because when you take a trend following position, you don't know what's going to happen. |
1:29.8 | You can't predict a trend. |
1:32.9 | You don't know how far the trade that you've just entered will go. |
1:38.2 | You can't know. |
1:39.8 | No one can know. |
1:42.3 | Now, I've got another example here in a few minutes that builds on this, |
1:45.9 | but I just want to stay at this point for a second. The betting early part is important. Very |
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