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Ep. 1118: Geoffrey Cohen Interview with Michael Covel on Trend Following Radio

Geoffrey Cohen
Geoffrey Cohen

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My guest today is Geoffrey Cohen, the James G. March Professor of Organizational Studies in Education and Business, professor of psychology and, by courtesy, at the Graduate School of Business at Stanford University. He is also a faculty affiliate of the Stanford Institute for Human-Centered Artificial Intelligence. His research focuses on how brief interventions can create long-lasting psychological and behavioral change. His focus has been on the psychology of self and belonging. He and his colleagues have shown how brief values-affirmations can benefit school performance, close political divides, and open people up to threatening information.

The topic is his book Belonging: The Science of Creating Connection and Bridging Divides.

In this episode of Trend Following Radio we discuss:

  • The roots of the modern dilemma
  • Why is belonging important?
  • Modern society and the crisis of belonging

Mentions & Resources:

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“Trying to trade short term while working full time job…”

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[My challenges are] Cutting losses, holding on too long hoping they come back. “Following” too many voices / suggestions. Actually listening to Larry Hite podcast right now. Trying to trade short term while working full time job has been a big mistake over the past few months. Gave up a lot of gains.

Chris R.

Wise words. You are seeing not what to do.


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“You actually replied. I was expecting somewhat of an automated…”

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Good Day Mr. Covel, My biggest challenge that I have encountered is position sizing/risk management. Thanks.

Sharn S.

What is your trading strategy now? Time frame?

You actually replied. I was expecting somewhat of an automated/standard reply. Glad to witness that you are a man of your word. Since I have started trading (less than 18 months ago), I have been experimenting with Trend Trading. The Trend could be price- intraday or end of day- but also a macro trend. Based on what I have learned from reading books from various authors, Trends offer the most “predictable” price action. In addition to the trend, I have been using various indicators, (Bollinger Bands, Keltner Channels, 21 and 34 EMAs, and other tools such as volatility studies) from the trading platform by TD Ameritrade’s ThinkorSwim. For Swing Trades, I normally use the Daily Charts. For Day Trades, I use the 5 Minute Charts. Please note that I am still working to find what is best for me. Trading is a whole new world and requires a lot of dedication and mindset shift. Looking forward to digesting your videos on this beautiful Sunday. Much blessings to you and your family. Thanks.

Thanks for the nice note, but I would recommend a move to trend following. You have too much going on.


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.

“My biggest challenge has been locking in gains and…”

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I have historically invested passively through a broker, who looks smart when the market is going up and less smart when the market is going down. So my biggest challenge has been locking in gains and not lot losing during downturns.

David B.

You need a system. Currently, you don’t have one.


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
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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.

Ep. 1117: 98 to 22 with Michael Covel on Trend Following Radio

Episode 1117
Episode 1117

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Please enjoy my monologue 98 to 22 with Michael Covel on Trend Following Radio.

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“I am always looking for that ‘special secret sauce’ that will give me an edge…”

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Good morning Michael. I am retired, 74 years old and love stocks. My biggest challenge is me. I have seen proof over the years and even experimented a little on my own with basic trend following and did ok, but never really knew what I was doing. I was just staying in a stock as long as it was moving from bottom left to upper right of my computer monitor and it stayed above a given moving average. I made a little money, never a lot consistently but I guess I just didn’t trust myself. I am always looking for that ‘special secret sauce’ that will give me an edge. Thank you for any and all help you may offer. I am just now starting to read your Trend Following book.

Allen H.

I would like to see more precision in your strategy. Let me know after you finish my book.


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.

“Should I be avoiding high-impact news events when trading…”

Feedback in:

Hi Michael. How are you? I’ve got a question I am hoping you can help me please. With a trend following system, should I be avoiding high-impact news events when trading, or trade through the news events? Thank you very much. T. M.

You don’t currently have a trend following system? Your question leaves you at the mercy of whatever forever.

I have a trend following system but it avoids major news events. I am interested in your opinion on whether to keep avoiding the high-impact news events or trade through them.

How do you have a trend following system that avoids major news events? I don’t think we have the same definition of trend following and that’s important to communicate.

So do you advise that I trade through major news events? (Just thought that I would be whipsawed out due to potential price manipulation)

You are not a trend following trader if you think you are going to selectively try to avoid high-impact news events. This desire of yours will require a crystal ball.

Note: Trend followers can’t avoid whipsaws:


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.