Ep. 653: Alexander Elder Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 27 April 2018

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Alexander Elder. He has written some of the most popular trading books of the last 30 years. He grew up in Estonia among a successful family of doctors. Alexander followed in his family’s footsteps, becoming a doctor and making his way on a cargo ship. He ran from his ship to a U.S. Embassy, escaping from his country. His decision to jump ship was literally the best decision of his life. He is author of Trading for a Living, considered a modern classic among traders, an international best-seller, translated into 16 languages, and recently newly revised and released under the title, The New Trading for a Living.

The topic is his book The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading).

In this episode of Trend Following Radio we discuss:

Robustness
Persistence
Importance of record keeping
Systems trading
Skiing and yoga – staying in the moment of now

Jump in!

---

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, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.3	Before I get into my guest, today I have a favor, a request.
0:37.6	If you enjoy this podcast, let me know.
0:41.1	Two ways you can let me know.
0:43.3	Go on to iTunes, write a review.
0:45.5	It only takes a second.
0:47.5	The second way, which makes the capitalist in me feel much better, go to Amazon.
0:53.5	Pick up my newest edition of trend following,
0:55.3	225,000 words, hardcover. If you've not yet seen it, trust me, you're going to want this.
1:04.0	This is not the same edition that I put out a long time ago. This is a new edition, beefefed up, reworked, added to, you want this edition.
1:16.0	Well, I don't really know if you want this edition, but remember, the point is to support the
1:20.7	podcast. So in that context, you do want this new edition. I guess today, Alexander Elder
1:26.7	needs not much introduction for those that have seen read
1:31.8	or purveyed trading books.
1:36.1	Alex has written some of the most popular trading books of the last 30 years.
1:42.3	If you've not yet seen his work, well, that's your problem. And perhaps you
1:46.2	will fix that problem after listening to Alex today. This is my second conversation with Alex.
1:53.2	He originally came on the show, I believe, 2012. I had to look it up while we were talking.
1:59.4	Boy, time flies.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.