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Michael Covel's Trend Following

Ep. 1383: War Trading with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 30 March 2026

⏱️ 20 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue War Trading 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

You know, Kurt Cobain once sang the lyric, and I might be messing it up a little.

0:06.6

But here we are now.

0:08.2

Entertain us.

0:10.3

War, oil, volatility, Trump.

0:15.3

It's an exciting time to be alive.

0:18.2

Because you know what?

0:19.6

There is no damn prediction that works. You can't know unless you know.

0:29.0

So, for example, if you're on the inside of the White House and you have some inside information,

0:37.0

well, perhaps that can help you.

0:39.3

But without that, what are your choices?

0:43.5

What are your choices?

0:46.4

You can buy and hold or you can be a trend following trader.

0:51.1

That's it.

0:53.1

Everything else is a lie and mental masturbation.

0:57.7

Now look, if you want to be a buy and hold trader or a buy and hold investor in a period like now,

1:05.9

it could turn out all right.

1:08.5

Maybe equities rebound to brand new all-time highs. Bitcoin rebounds. Everything

1:15.0

goes to an all-time high. Gold back, silver back, everything's up. That could happen. I could

1:22.1

easily imagine that happening. But the funny part for buy and whole people, they don't seem to ever imagine the

1:30.7

other direction. And they don't imagine, or at least they don't look back at history, and ponder

1:37.3

that if you are going to choose a buy and hold strategy, it could go down a lot and it could take decades to come back.

1:48.0

I'm using words like could because I have no idea how things might shake out. But that's what

...

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