4.6 • 730 Ratings
🗓️ 6 December 2013
⏱️ 24 minutes
🧾️ Download transcript
Please enjoy my monologue 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 | Coming to you from live and bright, sunny parts unknown, like to welcome you today. |
0:29.4 | They'll talk about a few specific issues to the trend following world. |
0:36.1 | Number one, and this comes up all the time. |
0:40.3 | What do you trade? |
0:42.3 | What do you trade? |
0:45.3 | How do you narrow it down? |
0:48.3 | Well, first off, as a trend following trader, you want to trade everything. I mean everything I mean all markets and |
0:57.5 | what when I say market what do I mean I mean gold stocks bonds currencies corn |
1:07.1 | wheat those are all markets now those markets can be traded with different instruments. |
1:15.6 | You can use ETFs, you can use futures, you can use leaps. There's different instruments you can use to trade various markets. |
1:26.6 | But trend following is agnostic to the market. You really don't care. You just want to trade various markets. But trend following is agnostic to the market. You really |
1:29.5 | don't care. You just want to trade the market. Because at the end of the day, to a trend |
1:36.0 | follower, you really don't care what markets these even are. As long as your portfolio |
1:41.4 | has some diversification, is not entirely correlated, these markets |
1:46.3 | are just numbers. |
1:47.5 | You're just trading numbers. |
1:48.6 | Literally, it's numbers on the screen moving up and down, blips going up and down. |
1:55.5 | And you're just playing a game. |
1:58.1 | And the game, the game is really simple. |
2:00.1 | How do you get in and out of these numbers that |
2:03.7 | are moving on the screen? How do you get in and out to make money? How do you get in and out |
2:09.4 | consistently over time with a consistent strategy to make money? Now, that doesn't mean that you're |
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