Ep. 444: No Charts, Trade the Price with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 25 April 2016
⏱️ 45 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue No Charts, Trade the Price 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. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:20.9 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.1 | I thought Gene Wilder, singing as Willy Wonka, |
| 0:42.6 | singing about imagination was a great place to start today. |
| 0:47.2 | Because imagination is just lacking. |
| 0:56.9 | Whether you're going down the trading path, the trend following trading path, the entrepreneur path, the venture capital path, |
| 1:00.6 | so much of this is thinking, it's imagination. |
| 1:10.5 | You can't even get to the point of understanding edge, what your new edge might be, until you can think, until you can imagine, until you can |
| 1:14.4 | really wonder about the possibilities. I want to start today with a simple example, a simple |
| 1:21.7 | trend following example, an email that came into me from a customer, a client. He said, do all trend following traders |
| 1:30.3 | use spreadsheets alone to trade, or do they use charts for visualization? I'm having a hard time |
| 1:37.9 | trading using a spreadsheet alone, and I tend to see a chart. It provides the visualization I need. |
| 1:44.8 | That's all he said. |
| 1:47.2 | I don't know much about this customer. |
| 1:49.2 | I only know this particular email that came in. |
| 1:53.2 | My immediate retort, what is the visualization for? |
| 1:58.8 | If you're trading off price, price price action the movement of price |
| 2:04.9 | just as a David Harding at Wenton Capital can use a spreadsheet why can't you |
| 2:16.6 | what does the visualization do? |
... |
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