4.6 • 730 Ratings
🗓️ 19 November 2021
⏱️ 21 minutes
🧾️ Download transcript
Please enjoy my monologue Five Quick Trend Chapters 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 | 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. |
| 0:26.6 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:40.5 | That's my passion. A little bonus today, five chapters from my book, Trend Commandments. They're pretty quick chapters. |
| 0:49.7 | It's an easy listen, but it's a damn important lesson. A lesson of either, if you are unfamiliar, |
| 0:58.7 | education, or if you are familiar, motivation and a reminder. Those five chapters are systematic trend following. Number two, change. Number three, no prediction. Number four, |
| 1:06.6 | price action. And number five, place your bet. Turn Commandments was an interesting book to do it was meant to be |
| 1:15.2 | a little on the less dense side than compared to my trend following 200,000 word beast but it's |
| 1:25.3 | interesting over the last decade trend commandments Commandments has developed a following. |
| 1:29.4 | Quite a few people really enjoy it. And I'm somewhat surprised because I think the print copy is |
| 1:36.5 | either hard to find or not available. And sometimes I see these prices on Amazon. And you know, |
| 1:43.6 | sometimes if a book is not around, the price will go to like |
| 1:46.6 | five cents. Tren Commandments has gone the other direction. I've seen it priced at crazy prices. |
| 1:54.3 | So that's kind of fun to have a book that people want that is hard to find. Without any further |
| 2:00.8 | delay, let's jump right into five |
| 2:02.8 | chapters from my book, Trent Commandments. Chapter 9 |
| 2:18.6 | You don't need to know what will happen next in order to profit from whatever happens next. |
| 2:29.3 | Systematic trend following. |
| 2:32.6 | What is trend following trading? |
| 2:35.8 | The first part is |
| 2:36.9 | trend. That is very straightforward. |
| 2:40.2 | Every trader needs a trend |
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