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Ep. 573: Jon Gordon Interview with Michael Covel on Trend Following Radio

Jon Gordon
Jon Gordon

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My guest today is Jon Gordon, an author and speaker on leadership, culture, sales, and teamwork. He has worked with numerous athletic organizations, academic institutions, and corporations. His latest book is “The Power of Positive Leadership.” He teaches people how to focus on weeding out the negative and not letting that energy poison the team.

The topics are his books The Power of Positive Leadership: How and Why Positive Leaders Transform Teams and Organizations and Change the World and The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy.

In this episode of Trend Following Radio we discuss:

  • Leadership skills
  • Energy vampires
  • Negativity is contagious
  • Grit is the biggest predictor of success
  • Overcoming challenges
  • Pushing forward through adversity

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Ep. 455: Ryan Holiday Interview with Michael Covel on Trend Following Radio

Ryan Holiday
Ryan Holiday

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My guest today is Ryan Holiday, an American author, public-relations strategist, bookstore owner and host of the podcast The Daily Stoic. He is a former director of marketing for American Apparel. Holiday is the author of several books and has written for Forbes, Fast Company, The Huffington Post, The Columbia Journalism Review, The Guardian, Thought Catalog, Medium.com, New York Observer, New York Times and Texas Monthly. Books he has authored have sold more than three million copies combined.

The topic is his book Ego Is the Enemy.

In this episode of Trend Following Radio:

  • Letting other people win
  • Being seen not heard
  • Only the paranoid survive
  • Dealing with failure
  • Dealing with success

“You control the effort that you put into the work, you don’t control the reception to the work.” – Ryan Holiday

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Looking to Buy a Money Machine?

Feedback in:

Michael:

I have just finished reading your communication on the “why sell system..” Here is my take on it. It is perfectly honorable to sell [a] system. I think there are two broad groups of people who buy systems.

One group who buys these with expectation that they are buying a machine to print money tomorrow are set up for immediate disappointment. They can’t/don’t follow it and experience it in real life and do only in bits and pieces and eventually abandon it.

The other group buys system as first step towards their education and if it works out for them they work on improving the system to match their needs and personality. Eventually they end up with something that has basic foundation they started with but totally different parameters etc.

So both group ends not using system they started with but they have entirely different outcome in the process. It is like attending High School: some people finish that and some don’t.

This is a complete hypothesis on my part, so do let me know if you have any insight on what happens after people buy your or any other system.

I can’t see how people think that if they buy anything from me that it is a machine to print money. Unless they are delusional. In terms of ‘system learning’ the Turtle experiment proved rules could be taught. Sure, you can modify, but it’s still trend following.

Insight after they buy? https://www.trendfollowing.com/success.

Of course, I am sure some don’t trade for any number of reasons. However, trying to figure that out is like studying fundamentals–a never ending futility.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

There Is Only One Turtle Story

How do you make it on Wall Street? Some feedback:

Dear Mr. Covel, My name is [Name] and I just finished reading “The Complete TurtleTrader” for the second time. I recently graduated college as a psychology major but I am determined to work in the finance/investment world. Therefore, two quotes from page 15 and 16 really spoke to me:

“I think it’s far more important to know what Freud thinks about death wishes than what Milton Friedman thinks about deficit spending.” “Go down to Wall Street today after work with the hot-shot traders all earning $500,000 a year at the big banks and you’ll find very few who talk about Freud being the ticket to making millions.”

I’m writing this email to get your advice. I’ve applied to many big investment firms and haven’t even gotten a call back. I’ve even applied to Vanguard as a lowly Client Relationship specialist just to get my foot in the door. I did get a call back from them, but it’s been two months.

How can I secure the career I desire? It seems as if nobody recognizes the importance of psychology in finance. I’ve read well over 100 investment books in the past two years, I’ve beaten the market and I’ve even started an investment/personal finance website. I’ve included this in my cover letters and there’s STILL nothing. Right now I plan to go at it on my own and take my Series 65 soon, but I wonder if there’s a better way.

Because your work really affected me and it seems as if you (and Richard Dennis) understand how I feel, what should I do?

Thanks a lot. I appreciate your time, keep up the amazing work!

[Name]

But you missed a big issue. The role of entrepreneur in investing, trading. Trading has a few stories of working for someone else, but the real way to freedom and success in the space is DIY. I would recommend a non-trading book: Linchpin by Seth Godin. 50 pages in I suspect you might see the flaw in your pursuit.

PS. Only one Turtle story.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

You Have to Jump


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Distraction Kills

Facebook’s CEO Mark Zuckerberg:

“I want to stress the importance of being young and technical. Young people are just smarter. Why are most chess masters under 30? I don’t know. Young people just have simpler lives. We may not own a car. We may not have family. Simplicity in life allows you to focus on what’s important.”

Of course, family, and other aspects of life are important, but that doesn’t take away from Zuckerberg’s wisdom. Want to make something big happen, like trend following success, then avoid distraction. Period.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Stark Divide for the Mentality Between Success and Failure


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.