This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covell, not filtered, raw, honest.

That's my passion. I'm Awe-

A-dhap...

...their-a-be I'm Somehow

Somehow I'm away I wanted to start a little energy to start today's podcast.

I think that did it. I actually have very good energy. I did a three-hour yoga class today

with a teacher who might as well be in Cirque de Soleil, all inversions, meaning upside down, this arm balance, that arm balance.

Good stuff.

If you ever make it this way, I challenge you to give it your three hours on a Sunday.

You will either thank me or try to kill me.

But if you try to kill me, you're just a wimp.

Let me take you where I want to go today.

Lots of headlines in the last month, month and a half, that tangentially touch my world, the world of trend following trading.

Trend following trading as a strategy, a strategy for trading the markets that allows

you to use stocks, leaps, ETFs, and futures.

All these different instruments you can use to be a trend following trader.

Trend following trading is not instrument dependent.

However, there is a battle that rages in my world.

It is the battle with the phrase managed futures,

a phrase that was created for one reason and one reason only,

...