Ep. 1293: If You Can't Measure It with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 24 June 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue If You Can't Measure It 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	I love this quote from Ed Sikota.
0:03.2	If you can't measure it, you probably can't manage it.
0:08.2	Things you measure tend to improve.
0:11.9	Let me read that one more time.
0:14.0	It's so damn beautiful and simple.
0:16.5	If you can't measure it, you probably can't manage it.
0:19.5	Things you measure tend to improve.
0:22.6	Let me give a non-trading example, something fun for me. I've mentioned it on this podcast before,
0:30.0	but I've become an avid box jumper. I'm sure you've all seen this in the gyms.
0:37.1	Jump up under the box.
0:39.9	Some people go low, some people go high, some people go crazy high.
0:44.3	And if you don't know what you're doing, you can damage yourself pretty damn good, pretty fast.
0:51.3	And there are some fantastically scary but funny videos on Instagram of people failing in
0:57.4	gems on box jumps. I mean some crazy fails. Now I've been doing it for two years,
1:03.9	I think over two years maybe, and no fails. Or if I do fail, I just kind of hit my knee on the front of the box and then I
1:13.5	don't get on the box. I mean, I don't make the jump. But I'm not crashing. I'm not burning. I'm not
1:19.6	falling on my head or anything like that. My maximum jump is 38 inches, around 98 centimeters. My jumps that I did yesterday, I did 100 reps. I would break it down
1:35.2	into like 10 pieces, 10 pieces of 10, 10 jumps of 10. And I did that at 33 inches, about 83
1:43.3	centimeters.
1:46.6	But those are numbers, right?
1:49.2	100 reps at 33 inches.
1:52.8	Last week, I think I did 120 reps.
	...

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