Ep. 1011: The Turtle Filter with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 1 October 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue The Turtle Filter 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	This is trend following radio where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Coval, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.3	I get all kinds of feedback.
0:36.0	People drop me emails all the time. I love it. It keeps me with a pulse, a pulse to the ground, so to speak. I know how people are feeling. I know how they are thinking. And when it comes to investing and trading, there's not been a lot of progress over the decades. There is still a significant number of people,
0:57.2	perhaps new, who approach the markets like it's a damn casino. They really don't have any
1:05.0	plan at all. I can't tell you the numbers of emails that I get. People will say, well, I've got a problem with my exit strategy.
1:13.8	Or I don't know when to enter.
1:16.6	My common refrain is, what is your current strategy?
1:21.5	And I've learned to ask the follow up at the same time.
1:25.1	What is your timeframe?
1:27.1	Invariably Invarably,
1:28.7	invariably, people will tell me they're a trend following trader trading on five-minute
1:33.1	bars. You're not a trend-fowing trader trading on five-minute bars or one-hour bars or any
1:40.3	day trading. That's not trend-following. It's something else. Maybe you are as good as
1:45.7	Citadel. Maybe you're as good as Jim Simons at Renaissance. I doubt it. You want to stay on the
1:52.1	day trading stuff? Go for it. But let me take you on a time warp back to 1983.
2:03.4	Yeah, a lot of people were not born then.
2:06.7	But you pick up the paper and it says,
2:09.9	Famish Trader has made an bundle of money.
2:11.1	I mean, it didn't say this,
	...

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