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Michael Covel's Trend Following

Ep. 816: A Trading Primer with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 18 November 2019

⏱️ 193 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue A Trading Primer 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.

0:33.4

So today I had planned a monologue based on a series of emails that I exchanged with this random

0:42.5

stranger that wrote me. That's coming because this guy was just pure cult inspiration,

0:51.3

like Scientology cult level.

0:59.5

He's convinced that he can make 1% per day.

1:01.8

Not bad, huh?

1:06.4

Now the best trader in the world, Jim Simons is what,

1:10.6

it's 66% a year before his fees.

1:13.8

66% a year.

1:16.7

And this guy wants to make 1% per day.

1:19.8

Convinced it's possible.

1:28.6

So I'm toying with the idea of a monologue that allows his words and my responses to intertwine.

1:34.0

Because it's not just that he's not informed or obtuse or whatever.

1:37.4

It's the whole psychology of watching the interplay,

1:38.5

watching the interaction.

1:40.6

And we can all learn from that.

1:47.5

But today I want to jump into a mega episode with some traders for my prior episodes, four very classic names that most people in the markets will recognize. If they don't,

1:56.4

they got Wikipedia pages that you can consult with really quick. First, trader, Larry Williams. Second,

2:03.8

Trader Toby Crable. Third, trader, Ewan Kirk. And fourth, a trader, Leo Malamid, but more known as a

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