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Michael Covel's Trend Following

Ep. 353: Steve Burns Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 12 June 2015

⏱️ 64 minutes

🧾️ Download transcript

Summary

My guest today is Steve Burns. He has been investing in the stock market for over 20 years. He is the author of seven books, ranks near the top 500 of all reviewers on Amazon.com, and is one of the sites top reviewers for books about trading. Additionally, Burns has single-handedly developed an exceptional Twitter following.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Self-publishing world
  • How one goes about making choices in social media
  • Getting over the obstacle of fundamentals
  • Mindfulness and the writings of Alan Watts
  • Backtesting processes
  • Brand new traders being introduced to a model that loses 60% of the time
  • Survivorship bias
  • Predictive vs. reactive technical analysis

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

Click on a timestamp to play from that location

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.

0:32.9

My guest today is Steve Burns.

0:35.8

This is Steve's third appearance on my show, I believe.

0:39.6

And I was trying to think, what's the best way to describe Steve?

0:43.7

Because believe it or not, even if you've not heard of Steve Burns,

0:48.7

Steve probably has more fame in the quote,

0:52.6

new internet of finance and trading and investing than many of the well-known

0:57.2

names that exist from back in the day, perhaps even in the market wizard's books. Steve is

1:04.4

single-handedly developed an exceptional Twitter following, self-published multiple books, and keeps a forum running straight on the arrow.

1:16.6

A really fascinating unfolding of a career because it reminds me of myself in some ways.

1:25.6

And I know damn well that if I had to start over today, given the publishing world,

1:32.3

I'd be going to self-publishing route too.

1:35.1

So I think there's quite a bit to be learned beyond our conversation that Steve and I are going to have today.

1:40.7

There's quite a bit to be learned just from a marketing perspective on how

1:47.2

Steve Burns is navigating all digital platforms today in 2015. There's something to be learned from

1:55.5

Steve on that front for sure. Today, our conversation is about trading on assorted levels. But Steve does have one primary

2:04.4

focus. He likes to focus on new traders and really dispelling, frankly, bad ideas that people

2:11.3

have. And people have a lot of bad ideas. I can sometimes get too highbrow on my podcast,

...

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