Ep. 977: Trend Following Kick Ass Reminder with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 4 June 2021
⏱️ 131 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue A Trend Following Kick Ass Reminder 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 Coval, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.5 | Here we are, summer 2021, and if you are not a trend following trader, you are out of your ever |
| 0:41.4 | loving mind. Markets everywhere are trending massively. Fundamentals don't work. If you think |
| 0:50.9 | fundamentals work, you're a moron. Seriously. There is no way you could predict any |
| 0:56.1 | of what's going on right now. You know it. I know it. Everyone knows it. Now, that's a little |
| 1:01.1 | strong to use the word moron because I know some very smart people that say they trade off the |
| 1:06.5 | fundamentals. Fair enough. Some of them are probably my friends. So I really am not calling my friends or family or anyone a moron. |
| 1:15.5 | But I'm calling the strategy moronic because you can't use fundamentals today. It's impossible. |
| 1:23.7 | Let me calm myself down. I'm not going to say much today. I want to go back into my |
| 1:28.2 | archive and I want to give you a little trend following kick in the ass. Three trend following |
| 1:35.5 | pros. Lassa Peterson, Cam Harvey and Martin Luke associated with AQR, man, and aspect. |
| 1:47.5 | Yes, some of you might not know what those names mean, but you can go look them up. |
| 1:52.3 | Easy enough to find out. |
| 1:54.4 | Three very large, very historical names in the trading world. |
| 2:00.6 | Without any further delay, let's get into a little bit of a mega episode, a little |
| 2:04.5 | mega trend following episode, and get ready for the second half of 2021. |
| 2:12.2 | Because if it's anything like the first half of 2021, and I'm not predicting it will be, but damn it, |
| 2:20.2 | it sure looks like humanity has moved into permanent chaos. And permanent chaos means one |
| 2:28.1 | thing, trends up and down. And if you got trends up and down and you don't know why those |
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