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Michael Covel's Trend Following

Ep. 44: Leverage and The Martial Art with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 13 August 2012

⏱️ 24 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Leverage and The Martial Art 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

Click on a timestamp to play from that location

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.

0:22.4

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

0:28.7

That's my passion.

0:36.4

I'm being a little sarcastic when I use that Turtles song, and I'm talking Turtles,

0:43.3

the pop group from the 60s song called Outside Chance.

0:49.8

But I think for most people that want the easy riches and most people that want the lottery type,

0:58.7

I have to have it right now, fantasy, quick money, outside chance probably best describes

1:06.8

your chances of getting there because that's not the way the world works.

1:11.7

But, you know, even more fun, well, I don't know if that's a fun thought.

1:15.5

I guess I could take it as a fun thought.

1:17.0

Maybe it's not fun for you.

1:18.0

I don't know.

1:19.3

But that Turtle's song has some relevance, I guess, to my second book.

1:26.5

Not necessarily the song, but the band. And, you know,

1:32.5

historically, it's always been said that the turtles are named the turtles. Now I'm speaking of

1:40.0

the trading tribe group of turtles trained by Richard Dennis.

1:46.1

And it's always been, and that's the subject of my second book, the complete turtle trader.

1:50.8

But it's always been said that the turtles themselves, this group of students that were trained by Richard Dennis to be very successful traders,

1:59.7

it's always been said that they were named that way because

2:02.3

Dennis had been in a turtle breeding farm in Singapore and that he saw this big vat of turtles.

2:10.8

They were swimming around and that's where they grew turtles. And he said to himself, well, I want to,

...

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