Ep. 273: Rande Howell Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 12 September 2014

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Rande Howell. Howell has a therapeutic background combined with personal coaching in the fields of human potential and leadership. He has fifteen years of practice as a licensed professional counselor with a Masters in Counseling.

The topic is counseling.

In this episode of Trend Following Radio we discuss:

What the performance mind is in regards to trading
Trading, emotions, and uncertainty
Why irrational pessimism is deadly in trading
Emotional regulation and mastering emotions
The blurry line between the casino and trading, particularly in Asia
Euphoria vs. fear in a trading context
Why what you're afraid of owns you
Jungian archetypes
The Myers-Briggs instrument
Biological threat vs. psychological discomfort
The mistake of using trading to measure your worth
Getting your emotions right but your strategy wrong
Why success in one endeavor doesn't necessarily mean success in trading
The importance of patience
The panther vs. the African lion

Jump in!

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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.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:33.6	Sometimes new and experienced traitors only want to focus on the system.
0:38.5	The rules.
0:39.6	They forget the psychology.
0:40.9	They forget the mental.
0:43.4	My guest today, Randy Howe.
0:45.9	His work is a little different.
0:48.2	Randy has a therapeutic background combined with personal coaching in the fields of human potential and leadership.
0:54.0	15 years of practice as a licensed professional counselor and a master's in counseling.
1:00.6	A really interesting conversation to get you in the spirit of the mind.
1:05.6	Because if your mind is messed up, I don't care what system you have.
1:09.5	You're going to fail.
1:12.5	I hope you enjoy this conversation.
1:22.8	What is the performance mind?
1:27.6	Well, that would depend on what domain you're performing in. Trading.
1:33.6	In trading, in trading, a performance mind is defined as literally being in the moment,
1:37.0	recognizing that you cannot control outcome.
1:42.5	You let go of outcome, and what you recognize that you can control is your performance in the moment of execution.
	...

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