Ep. 476: Commandments with Michael Covel on Trend Following

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Michael starts the podcast off with excerpts from an interview with Clint Eastwood. Clint answers the question, “What is the pussy generation?” He also goes on to give his take on what is wrong with the US presidential election, unemployment and free education. Michael sums up the interview saying, “I do love that this 86 year old tough guy is telling us…”

Michael uses Eastwood to lay the foundation for the rest of the podcast as he talks about “Trend Following Commandments.” Michael goes in depth about some of these fundamental trend following principles.

In this episode of Trend Following Radio:

  • Political correctness
  • Pussy generation
  • Absolute returns
  • Inefficient markets
  • Market bubbles
  • Fundamentals are religion
  • The market is never wrong
  • Cutting your losses
  • Learn to love your losses
  • Price action
  • Betting the markets properly
  • Failure is the secret to success

“Play calling is about probability, not certainty.” Ron Jaworski

“Failure is the secret. That is the secret to success. That is the magic elixir.” – Michael Covel

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.