This is Trend Following Radio, where great thinking comes alive.

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

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

That's my passion.

So my assistant the other day, Michelle, she was working on a blog post and she, I had not seen this article, but Barry Rittholtz had this piece up called Things I Don't Care About. And, you know, I've had Barry on the podcast. Barry and I've sat down a bunch before he appeared in my film.

And his podcast is great.

He's funny guy, smart guy.

And but anyways, his blog post, because it's things I don't care about.

And basically the idea is, is what are you going to do with your time?

You can flip on the tube,

you can flip on the internet, you can flip on this, that, whatever. You can be connected to every device possible all the time. You can be a part of the matrix. You could have the intravenous drip.

Straight into your arm. You know? Just freaking, just freaking straight in. But what does it do for you?

What does all that commentary do for you? And that's kind of Barry's point in this blog post.

What does the commentary do for you?

Because ultimately, I don't care whether you're a trend following trader or any type of investor.

You need a process.

You need a set of rules that tell you, you're going to enter here,

you're going to exit here, and here's how much you're going to bet of your limited capital

at all points in time, regardless of account size, regardless of volatility.

I mean, you're taking a volatility to account.

But you need a process that focuses on that.

And so if you have that, then eliminating all the other stuff is paramount.

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