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.

I posted a meme the other day, and I added a little comment for me to it.

And the meme was this.

To the left side, there was a guy sitting at a table and the sign over him said crypto at all

time high prices.

Then there was a guy to the right side at another table and it said crypto after a 50% discount. Well, there was a guy to the right side at another table, and it said crypto after a 50% discount.

Well, there was a massive line of people to buy crypto at all time high prices, and nobody in line to buy crypto at a 50% discount.

Now, the point of this meme was to make fun of the people buying crypto at all time high prices.

And the point of this meme was also to say, you should be buying crypto at 50% discounts.

Whoever made this meme is not a trend following trader.

Because those people that are in line to buy crypto at all time high prices are trend

following traders.

And it's a good thing.

There is nobody in line to buy crypto at a 50% discount. That would be

value traders. Trying to find value in crypto, I could make some kind of a shit joke there,

but come on. There's no fundamentals to crypto. There's no value in crypto. Crypto is momentum.

You trade it up and you trade it down if you can.

So if you see a bunch of people buying crypto at all time high prices, they've got it right.

Sort of. Here is where it gets a little tricky for most people.

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