Ep. 752: The Alternative Thinking Universities Shun with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 8 April 2019

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue The Alternative Thinking Universities Shun 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

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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	I've been noticing recently, across Twitter, across Facebook, the daily excitement about the markets.
0:43.8	People are so damn excited to have an opinion, to think they know what's going to happen, to discuss their enthusiasm, to share it with others, to be a part of a community.
0:58.7	People want to do this nonstop 24 and 7 when it comes to the markets.
1:05.3	Why do they do this? Because the end result is not really about making money.
1:12.6	All of these people do this because they want a friend.
1:18.0	They want community.
1:20.4	They want to talk.
1:22.5	They want someone to listen.
1:24.9	The markets, profits, a system, trend following, whatever, as discussed online, as discussed
1:32.3	on Facebook, Twitter, wherever is an excuse because there's some deep emotional need,
1:41.2	some personal need that most people have.
1:45.7	It's not about making money.
1:48.1	Nobody has something so damn important to say every day.
1:54.2	If they did, think about how chaotic your approach to the markets would be.
1:59.6	I think I follow maybe around 100 people on Twitter.
2:02.6	In fact, if I need to follow some really wise people that I don't know about, please let me know.
2:09.7	But I probably follow around 100 people. People will often follow thousands.
2:16.3	And if everyone's got a view every damn day about something, what are you supposed
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