Ep. 1057: Commodities Explode Up with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 11 March 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Commodities Explode Up 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 Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.6	Man, if you blink, shit happens.
0:38.0	I mean, perhaps you were just one of those people that was sitting there wondering why the dot-com implosion back in 2000 to 2002.
0:51.3	Maybe you were just wondering, why did we recover from that so fast?
0:56.1	Then all of a sudden, you got your ass handed to you in 2008.
1:01.9	But then in early 2009, something happened.
1:06.8	Equity started levitating again.
1:10.0	Stocks started going to the moon.
1:13.1	The typical broker types, fundamental types, they started saying, oh, trend following, it's not working, it's not working.
1:23.4	They bring these people out of the woodwork literally every couple years.
1:28.5	They're just protecting their book.
1:30.2	I get it.
1:31.5	But for you, what the hell does that do for you?
1:34.6	So then roll forward to 2022 or even go back to the launch of COVID.
1:41.2	But especially now with Ukraine, how are you possibly sitting down and feeling comfortable
1:49.8	with the approach of buy and hold? Are you a masochist? Are you a lunatic? Do you like to stick
1:58.6	needles in your eyes? Or did you just trust the system? Now you're
2:05.9	in cognitive dissonance. You sure as hell can't admit that your strategy was to trust the system
2:12.8	because that would mean that maybe you weren't that bright or you weren't that learned or you didn't do the work or you were just fucking gambling.
	...

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