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Michael Covel's Trend Following

Ep. 1123: Compare with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 28 October 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Compare 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.

0:26.6

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

0:39.0

That's my passion. I receive emails, lots of emails from interesting people.

0:44.8

Some people get trend following, they know exactly what it is, and those are fun back and forth conversations.

0:46.5

However, a lot of people that write me start off with the idea that they know what trend

0:51.8

following is, they state this. And then it starts

0:55.0

to leak out in their emails that they don't know what trend following is. They have no idea

1:02.1

what trend following is. And they've got all these bad ideas. They're talking about consolidations,

1:09.4

whatever the hell that means. They're talking about prediction, whatever the hell that means.

1:13.1

But the idea of following along the price is a trend following trader.

1:17.9

They do not know.

1:20.7

Well, let me share with you how I came at this.

1:25.0

Let's go back 20 plus years. Not really an internet to do homework on, so to

1:33.0

speak. And I found it fascinating that there was this group of traders that you could read about

1:39.2

in these performance books. Now, one of these performance books was called the Stark Report.

1:46.6

It was about the size of a mid-sized telephone book from back in the day. So that thick, like two inches thick, maybe three

1:53.2

inches thick. And in that report, they would list the month-by-month performance data of traders.

1:59.4

And these traders would say what style of trading they were.

2:04.4

A lot of trend following traders said they were trend following traders. Other traders would say

2:11.0

something else. But when you compare their performance data to trend following traders,

2:16.0

you realized that they were a trend following

...

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