Ep. 172: Getting Hurt is Part of the Game with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 October 2013
⏱️ 17 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Getting Hurt is Part of the Game 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 | This is Trend Following Radio, where great thinking comes alive. |
| 0:12.2 | 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, |
| 0:25.2 | not filtered, raw, honest. That's my passion. I have some insight that I want to add today. I think it's very important. It might seem like |
| 0:42.0 | common sense, but clearly it's not being practiced. We all know that markets are volatile. |
| 0:54.3 | Markets go up and down on a daily basis, a weekly basis, a monthly basis, a yearly basis. |
| 1:02.1 | That's the nature of the beast. |
| 1:04.8 | You can get hurt. |
| 1:08.0 | Getting hurt is part of the game. |
| 1:12.1 | Even though you can get hurt in the markets or life, that doesn't stop people from pretending. |
| 1:21.4 | Let me give a great example. |
| 1:23.4 | This just came across my airwaves. |
| 1:28.8 | This is from the United States Post Office, and they had released a bunch of stamps, and you can see these on my website of kids playing. |
| 1:38.4 | Football, soccer, juggling, skipping rope, skateboarding. |
| 1:47.1 | Pretty innocuous, innocent stuff. |
| 1:59.6 | Before I get into this post office scenario, let me quickly play a clip from CNN that gives you an idea of what they've done exactly. |
| 2:01.6 | It is time for the outfront outtake. The President's Council on Fitness encourages all Americans to be more active. |
| 2:05.6 | And this week, the U.S. Post Office joined in by introducing a 15-stamp set of children participating in sports. |
| 2:11.6 | They designed them, got a whole series, and showed them off, and the president's council immediately killed the project. |
| 2:18.3 | It seems three of the 15 stamps raised safety concerns. They said the children were doing dangerous |
| 2:22.7 | things, a cannonball, skateboarding without knee pads, and doing a headstand without a helmet. |
| 2:27.3 | Headstands with helmets, seriously. Sadly, the fact that people freaked out about that is not a joke. |
| 2:32.3 | And as a result, the Post Office |
... |
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