4.6 • 730 Ratings
🗓️ 2 June 2025
⏱️ 56 minutes
🧾️ Download transcript
Please enjoy my monologue Turtle Talk 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 | So Richard Dennis, the famed trader, originally profiled in the book The Market Wizards, |
0:06.3 | was originally featured in a New York Times piece in 1976, something I actually went on eBay |
0:13.4 | and found a copy of. Fascinating, how this guy knew what to do at such a young age, 25, 26. |
0:22.3 | And then, of course, he became even more famous in that 1983 time period for starting the |
0:30.6 | turtle experiment. |
0:32.3 | Now, perhaps you are millennial, perhaps you are Gen Z. |
0:35.8 | And you hear something about 1976 or 1983 and you think, |
0:41.7 | what the fuck, Mike? This has nothing to do with me. This is dated. This is whatever. Not important. |
0:51.3 | You know, as a Gen X guy, that's probably how I felt about World War II, something so far away that I had no feeling for it, no sense of relevance. |
1:02.7 | But in the trading world, in the trend following world, there is a timelessness. |
1:09.4 | And so when you have something that's timeless, it doesn't make a difference what year. |
1:15.0 | What you're looking for are examples and data that give you the confidence to do something. |
1:22.5 | And to do something in this case is to be a trend following trader, which is what I help people do for the |
1:29.2 | last 20 years and books, my podcast, and my courses. So this guy, Richard Dennis, this famed trader, |
1:38.0 | does this experiment where he teaches students how to trade. And yes, maybe you've heard |
1:43.0 | little bits and pieces and slight details |
1:47.3 | here and there. I see the threads on X. They attempt to summarize, for example, my book |
1:53.1 | in a couple posts. It doesn't work that way. Because if you're a learned person, if you actually |
2:00.8 | want to know the nitty-gritty |
2:03.0 | to have true confidence, you really got to go there. So today, in the spirit of going there, |
2:09.9 | I want to share Chapter 3 of my book, The Complete Turtle Trader, the audio version of Chapter 3. |
2:17.3 | Now, of course, if you like this, you should go ahead and |
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