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Michael Covel's Trend Following

Ep. 61: Your First Loss Is Your Best Loss with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 26 September 2012

⏱️ 37 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Your First Loss Is Your Best Loss 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.

0:34.8

Such a cool old song, right, from Simon and Garfunkel.

0:38.5

And that lyric in the clearing stands a boxer and a fighter by his trade.

0:43.8

And he carries the reminders of every glove that laid him down or cut him

0:48.5

till he cried out in his anger and his shame.

0:51.6

I'm leaving, I'm leaving, but the fighter still remains.

0:55.4

And I think that's an appropriate attitude for our little blue planet in 2012.

1:05.2

But the fighter still remains.

1:07.5

I don't know about you, but this fighter, I'm always going to have, I'm always going to be

1:13.3

ready to throw a punch verbally or physically, frankly. Whether I win or lose, I really don't

1:18.8

care. But you got to have the fight in you. You know, if you're just sitting there right now and

1:23.8

you're sitting on the couch and you've kind of like become one with the couch.

1:27.7

You're a piece of the couch and the Domino's guys coming in and you're watching Kardashian show

1:34.4

and you feel like you're really at the top of the heap. Oh, come on, man. Get up. Get up.

1:40.9

You're sitting around waiting for the politician. What was the tweet that I put this weekend up? I said,

1:45.5

how did it reach the point that millions upon millions of people actually believe that the selection of a politician will fix their personal and economic lives?

1:57.1

They think this could all happen via a vote. How do we reach that point?

2:03.0

But, so I love that Simon and Garfunkel song, The Boxer, the inspirational aspect.

2:08.5

And it's a personal fight.

...

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