This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

A few episodes ago, I excerpted an interview that I did.

I appeared on Top Traders Unplugged.

Today, a little more from that interview.

And as you might already know, if you listen to this show or if you have seen my books,

this interview is in the trend following headspace.

Trend following meaning you got to know what portfolio you're tracking.

You got to know how much you're going to bet on each trade.

You have to know when you're going to enter.

And you have to know when you're going to exit with a win and how you're going to exit with a loss.

That's trend following.

Because you see, you don't find trends.

You take entries.

And if you have a venture capital mindset, you can have a lot of small losses.

But then, if you play the trend following strategy out correctly, you're going to

end up with some big gains. That's the name of the game. That's the backdrop of the conversation,

the excerpt I'm going to play right now. But before we jump in, if you would like to see my free

video, drop me an email, Michael at covel.com.

I will send it along right away. And if you have any questions, same email address,

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