Ep. 722: Aspire to No Goals with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 24 December 2018

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Aspire to No Goals 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, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.6	Associate of mine, she connected me the other day with a press person, a media person. I've not yet
0:41.0	contacted with this media person except to say, I don't really think I can help you. Maybe they
0:47.9	will come back and still want me to give a comment, but I don't really know what I can say.
0:53.5	This press person reached out and wanted my view about CTA trading, commodity trading advisor, the acronym, the government term.
1:05.4	It doesn't mean a damn thing. But anyways, a lot of people use this term. The vast majority of CTAs over the decades have
1:15.0	been trend following traders. But I imagine some percentage these days, and I know it's some
1:21.2	percentage, some percentage is trading or are trading non-trend following methods. I don't know what the exact percentages are.
1:30.9	I'm guessing trend following is 75%. Maybe I'm wrong. I really don't care. I don't care about
1:37.9	these terms. I don't care about these acronyms. It's just not my interest. But it was interesting
1:43.0	to watch this reporter reaching out because the reporter knew that I
1:47.9	know something about trend following.
1:49.1	I can offer some view there.
1:52.0	But one in my view about the distribution or the mix of trend following CTAs versus non-trent following CTAs and what the non-trend following CTAs versus non-trent-following CTAs and what the non-trend-following CTAs
2:06.4	are doing.
2:08.6	It sounds perfectly reasonable if one has been indoctrinated into Wall Street bullshit.
2:14.7	It sounds completely normal, completely, hey, this is a legitimate question.
2:20.1	It's not a legitimate question. And let me tell you why. First off, I don't care again,
2:25.0	as I've said already in the first few minutes. The term CTA doesn't mean anything. It's a government
	...

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