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Michael Covel's Trend Following

Ep. 828: The TurtleTraders Revisited with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 30 December 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue The TurtleTraders Revisited 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 this nice group and this nice lady reached out to me and they asked me for an interview.

0:39.1

I had no idea what the particular topic was going to be until it started.

0:45.7

Turned out they wanted to talk about my book The Complete Turtle Trader, which is always a fun story, an absolute fun story, a great trading story, a great human

0:57.4

psychology story. If you've not yet read that book and you're listening to me, there must be

1:03.9

something wrong with you. Not because I want to make money, of course I want to make money,

1:08.0

but I will guarantee you that in those 80,000 words in my book,

1:12.3

The Complete Turtle Trader, you will absolutely find nuggets that allow you to become a better investor,

1:18.5

a better trader immediately, guaranteed 100%.

1:22.9

Without any delay, let's jump right into this little interview about my book, The Complete Turtle Trader.

1:41.1

Welcome to IG's Trading the Market podcast. I'm Victoria Scholar. The turtle traders have gone down

1:47.3

in market folklore. The idea that a group of traders can be trained to become successful traders

1:53.4

in markets is a hotly debated topic. Is it nature or is it nurture that makes a trader into a

2:00.2

millionaire?

2:10.0

The complete turtle trader has been lauded as one of the best renditions of the story of the Wall Street legend, known as the Prince of the Pits, Richard Dennis.

2:14.0

Dennis firmly believed that trading was a skill that could be taught.

2:18.8

To this end, Dennis bet his long-term partner, Bill Eckhart, that he could train a class of novices, the turtles, to make money on the markets. Eckhart said it was not

2:24.1

possible. Best-selling author, Michael Koval, who wrote The Complete Turtle Trader, joins me now.

2:30.3

Thanks so much for your time, Michael. Let's just start with a quick summary, if you can, of the book.

...

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