Ep. 1390: The Psychology of Persuasion with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 May 2026
⏱️ 99 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Psychology of Persuasion 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
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| 0:00.0 | I want to reach back into my archive today. I want to talk about the psychology of persuasion. |
| 0:05.7 | I'm going to do that with two back-to-back episodes, the same guest, the guest that you can have |
| 0:14.2 | when it comes to the psychology of persuasion. For me personally, I think this is appropriate |
| 0:19.0 | because everyone is always going through a reset, so to speak. |
| 0:27.0 | High on Monday, coming down by the end of the week, good month, good year, bad year, whatever. |
| 0:34.2 | But the psychology of being a human being is always coming down on us. |
| 0:38.3 | And there are ways that we can communicate to help ourselves and to help other people. |
| 0:46.3 | I want you to, at least for today, at least for a little bit of your time, to feel a different perspective. Something more real, something more tangible. |
| 0:56.8 | Without any further delay, let's jump right in back to back with Robert Chaldeini. |
| 1:18.0 | He is best known for his 1984 book on persuasion and marketing. |
| 1:22.9 | Influence the psychology of persuasion. |
| 1:26.3 | Selling over 3 million copies, translated into 30 languages, |
| 1:32.0 | Robert is the go-to man for understanding effective persuasion. |
| 1:38.7 | Robert has outlined six key principles of influence. |
| 1:43.5 | Reciprocity, commitment and consistency, social proof, |
| 1:48.9 | authority, liking, and scarcity. His 1984 book that I cite goes into each of those in-depth. |
| 1:58.8 | Our conversation today, though, is something different. |
| 2:02.1 | His newest book, Presuasion, |
| 2:04.6 | A Revolutionary Way to Influence and Persuade. |
| 2:08.6 | Presuasion comes before the persuasion. |
| 2:12.3 | This is priming the table, |
| 2:15.6 | getting people ready to accept the messaging. |
... |
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