Ep. 995: TurtleTrader Philosophy with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 6 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue TurtleTrader Philosophy 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.
0:21.0	I am your host, Michael Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	To this day, I'm amazed at how timeless the Turtle Trader story is.
0:42.0	Philosophy and rules.
0:45.2	It's trend following 101.
0:48.3	It can't be beat for the inspiration of nurture trumping nature. The multiple facets to this story
0:59.5	are just awesome. If you've not yet heard about the Turtle Trader story, if you've not yet
1:08.6	read my book, today I will wet your appetite. This is chapter
1:13.9	four of my book, The Complete Turtle Trader. It is the philosophy. Now, if you are enterprising,
1:20.8	if you are wise, you can take this philosophy, this timeless philosophy, and you can reduce it to
1:27.2	rules, rules that you can trade.
1:31.3	Today, tomorrow, a hundred years ago. That's the great thing with trend following. You're not an
1:40.4	expert in Coco. You're not an expert in iPhone production. You don't give a shit what OPEC is doing
1:49.0	with oil. You don't know crap about the lumber market, but you can trade all of those markets.
1:57.0	And I'm not talking this day trading five minute bar, 60 minute bar bullshit.
2:04.7	If you're out there right now trying to trade five minute bars, you are a freaking
2:09.5	moron.
2:10.8	Now, if you happen to be managing hundreds of millions, if not billions of dollars, and you
2:16.4	have coded it all up, I salute you.
2:20.0	Average Joe, forget it. You're a fool. You are an absolute fool if you're out there trading
	...

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