4.6 • 730 Ratings
🗓️ 18 November 2019
⏱️ 193 minutes
🧾️ Download transcript
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!
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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