4.6 • 730 Ratings
🗓️ 2 July 2021
⏱️ 26 minutes
🧾️ Download transcript
Please enjoy my monologue The Trend Following Tell 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 | A reader writes me that one of his biggest challenges is to trust in the forecast made by technical analysis. |
| 0:43.3 | Another reader writes and says that his emotions are getting in the way and that what he loses, it feels like he's losing personally. |
| 0:53.5 | Another reader writes to say that he is using Gann technique and Murray math analysis. |
| 0:59.5 | It's a minefield out there. |
| 1:02.3 | There is so much misinformation, so much nonsensical information in the form of websites, books, podcasts. |
| 1:15.4 | At the end of the day, the only person you can trust is yourself. |
| 1:20.6 | But here's the deal. |
| 1:22.5 | If you're following a narrative, if you're following a story, and you don't know exactly how that story |
| 1:30.0 | works, Murray math analysis, or technical analysis that purports to forecast market direction, |
| 1:37.9 | if you don't know exactly how it works, why it works, what it is, down to the micro little bit, and you're still doing it. |
| 1:50.4 | You're the type of person that goes to Vegas, sits at the slots, and gambles all day long. |
| 1:56.8 | You're not a serious person. Serious people, stop. |
| 2:02.6 | And they say, what is the damn playing field? |
| 2:07.2 | Who's on the playing field? |
| 2:09.9 | Somebody comes to me and they say, oh my gosh, I want to do date trading, da da da da da da. |
| 2:14.7 | Well, who are they competing against? |
| 2:16.7 | J.P. Morgan, Goldman Sachs, Jim Simons, operations with |
| 2:21.5 | hundreds, if not thousands of employees glued to screens like robots, trading with technology |
... |
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