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Michael Covel's Trend Following

Ep. 1336: Enough with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 28 April 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Enough 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

In the world of investments, trading, there's a concept called zero sum.

0:06.6

Essentially, especially in the futures markets, if you win, someone else loses.

0:12.5

If you lose, someone else wins, that's the gain.

0:17.5

Now it can be slightly different for equity markets, but by and large, that is how it works.

0:27.1

And if you lose, depending on your motivations for being in the market, for example, you might be a hedger, it's not necessarily a bad thing.

0:36.6

Because markets are not necessarily only for just getting rich.

0:40.2

They serve multiple purposes.

0:43.3

But we need the markets.

0:46.0

No markets?

0:47.6

We're back to sticks and clubs and bullets and wars.

0:52.0

And that is where it appears we are heading.

0:58.2

Look, the last thing I want to do is imagine World War III.

1:02.8

Imagine major chaos.

1:05.6

But for all those people out there, many of them, my friends, that despise the current president of the United

1:13.5

States of America. I ask you, where were you for the last four decades? Where were you?

1:23.8

You allowed this current situation to become where we are.

1:30.3

You can't just sit back and say,

1:33.5

The Orange Man is bad.

1:35.9

When you have sat there,

1:38.6

and I'm talking to boomers in many instances,

1:41.6

because they have the power and the wealth,

1:43.7

but when you just sit there for the last four decades

...

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