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Michael Covel's Trend Following

Ep. 492: TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 10 October 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue TurtleTrader Plus Lemmy 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.

0:21.2

I am your host, Michael Covel.

0:24.0

Not filtered, raw, honest.

0:27.3

That's my passion.

0:33.5

That song just struck me.

0:36.4

And for those of you that don't recognize the voice, it's lemmy of Motorhead.

0:40.7

I did not know he had any slow songs.

0:44.4

Good stuff.

0:46.6

Today I'm going to cheat a little on this episode.

0:50.8

Because I have three audiobooks out now. Actually, a fourth, my little book of trading has been out

0:57.3

for several years. But so far in 2017, trend following, trend commandments, and most recently,

1:05.8

the complete turtle trader, are all available on audible.com. Check them out. How do they sound? I hired a great

1:15.2

voice narrator. I really like him. Joel Richards. So before you go to Amazon or Audible and

1:25.0

purchase one of these three books, let me give you a taste from first,

1:30.8

the complete turtle trader. This is Chapter 4, the philosophy. When you have eliminated the impossible,

1:38.0

whatever remains, however improbable, must be the truth. Sir Arthur Conan Doyle, Sherlock Holmes

1:45.5

Dennis and Eckhart's two weeks of training were heavy with the scientific method,

1:52.5

the structural foundation of their trading style, and the foundation on which they had

1:56.7

based their arguments in high school.

1:59.2

It was the same foundation relied upon by Hume and Locke.

2:03.6

Simply put, the scientific method is a set of techniques for investigating phenomena and acquiring

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