Ep. 195: The Passenger with Michael Covel on Trend Following Radio

Synopsis: Michael Covel takes us out of 2013 with his unique perspective on today’s podcast. Always the passenger, Covel discusses his travels throughout 2013. He moves on to discuss the people who have appeared on the podcast in the last few months. Discussing his most recent guest, Covel quotes Dan Ariely from a TED Speech. Covel notes that being a trend following trader is not about excitement; once you’ve figured out your system, there’s no day to day information flow that’s useful. That’s over: CNN, Bloomberg, etc. People think they need constant and more information to make decisions about the market–wrong. So how do you make good decisions in the light of so much information? Price movement, price action. Covel moves on to talk about simple heuristics and his recent podcast with Gerd Gigerenzer. Covel also announces a trend following conference in Singapore. Happy holidays! Free trend following DVD? Go to trendfollowing.com/win.