4.6 • 730 Ratings
🗓️ 3 November 2025
⏱️ 17 minutes
🧾️ Download transcript
Please enjoy my monologue The Transformation 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 | The internet has changed things. Social media has changed things. But if you grew up with the |
| 0:07.4 | internet, if you grew up with social media, how do you know what the change was? If you doomscroll |
| 0:14.8 | all day long, if you watch TikTok all day long, if you just look at X posts and you don't leave the house, |
| 0:22.6 | let me explain something to you. |
| 0:25.6 | You're only seeing part of the game. |
| 0:29.6 | And you might not be understanding all of the game. |
| 0:33.6 | When I first got started and I wanted to understand trend following, the options |
| 0:39.4 | were interesting. Magazine articles, books like the Market Wizards books, the first and the second |
| 0:47.9 | one in particular, because both of those books were filled with trend following traders. |
| 0:53.4 | And I've said it on this podcast. |
| 0:55.4 | I'm lucky that Jack did not name those books trend following. But there was also something in the |
| 1:02.2 | 90s that was a little bit different than today. And that was the opportunity to go and listen to |
| 1:09.7 | trend following traders, to meet them, to find them, to talk to them. |
| 1:15.3 | And that's what I did. |
| 1:16.9 | Now, you might think to yourself, if I've got no experience, how did you pull that off, Mike? |
| 1:21.4 | I pulled it off with a mindset change, a shift in mindset, a strategy. What was that strategy, Mike? I'd read the book, |
| 1:33.4 | Unlimited Power by Anthony Robbins. Very motivational. And there was a story in there about |
| 1:39.1 | Steven Spielberg, the film director, as a teenager going to the, I think it was the universal lot in L.A. |
| 1:46.5 | And at that time, you could just kind of walk onto the lot and watch how people made movies. |
| 1:51.7 | Watch how companies made movies. |
| 1:53.8 | And Spielberg did this. |
| 1:55.7 | And he did this because he wanted to be around the people that were doing what he wanted to do. And Anthony Robbins |
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