Subscribe now and watch my free trend following VIDEO.

Ep. 384: Living by Your Own Rules with Michael Covel on Trend Following Radio

Living by Your Own Rules with Michael Covel on Trend Following Radio
Living by Your Own Rules with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Living by Your Own Rules with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Good decision-making through clarity
  • Examining identity politics
  • Operating under your own rules
  • Political correctness: it’s about agendas
  • Good trading means using your system and your mind
  • The importance of staying focused

“We’ve been crippled by social security, Medicare, Medicaid, by welfare, by entitlements. And that is the root of the problem. Entitlements. Let me be clear…You are entitled to nothing.” – Frank Underwood

Mentions & Resources:

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Ep. 383: Lawrence McMillan Interview with Michael Covel on Trend Following Radio

Lawrence McMillan
Lawrence McMillan

Subscribe to Trend Following Radio on iTunes

My guest today is Lawrence McMillan of McMillan Analysis Corporation, perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 300,000 copies. An active trader of his own account, he also manages option-oriented accounts for certain individuals.

The topic is his Market Commentary.

In this episode of Trend Following Radio we discuss:

  • American vs. European-style options
  • The logic behind VIX
  • Leverage as a tool
  • Understanding puts and calls
  • Long and short selling
  • Examining the subprime mortgage crisis of 2008

“I’m not counting on disaster. I don’t want there to be disaster. I don’t want my house to burn down, but I do want insurance in case it does. That’s our basic strategy.” – Lawrence McMillan

Mentions & Resources:

Listen to this episode:

Jump in!

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Don’t Fear Failure: Comfort Zone Living Is Death

Feedback in:

Dear Mr. Covel,

Let me please take a bit of your time and let me share my thoughts about one of your latest podcasts.

Episode 378.

That monologue blew me away. I had to pause so often as I had to inhale fresh air to think about my own life. The topic of failure and success! Education is not a huge topic people in Germany like to talk about. Often you hear the voices of your parents, friends, teachers, “You can not do this and that. No, you are to small for it. Learn first something properly before you are shifting your focus to another topic. No, please finish first your university so if you have that job you have something for a crisis as you can always go back even if you decide to start with something new.“

I am so angry with all this BS that I heard my entire life and thanks to your work I have started with trading for my own around 8 years ago. I have lost a lot of money, but since about a year ago I am successful. I quit my boring job where I had my comfort zone living from paycheck to paycheck. I got married with my wonderful wife from Brazil and swing trade currencies and commodities with the bias of the long term trend.

I would love to hear more of failure and mindset on your podcast. You should really try to get Michael Jordan or J.K. Rowling on your podcast. I am a dreamer and I believe in myself. Thanks for giving your voice and message into this world. By the way I will go to China end of October and thanks for your Episode 358. My wife and I are visiting Guangzhou for the Canton Trade Fair, Hong Kong, Shanghai and Beijing. It would be a pleasure for me to meet you if you have time by any chance.

All the best,
[Name]

You are welcome. Let’s see if we can meet!


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.

Ep. 382: Dissecting Duplicity with Michael Covel on Trend Following Radio

Dissecting Duplicity with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Dissecting Duplicity with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Trend following: a system, not a theory
  • Opinions are worthless without strategy
  • The mainstream media’s continued attacks on trend following
  • No one knows the future – embrace the idea
  • Theories are conjecture
  • Focus on the now – that’s the indicator

“So there is a bubble element to what we see, but I’m not sure the current situation is a classic bubble, because I’m not certain that most people have extravagant expectations.” – Robert Shiller

Mentions & Resources:

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

What If I Were Starting Over?

Feedback in:

Good afternoon Mr. Covel,

I hope this message finds you well. My name is [Name] & I live in Sykesville, MD which is about 25 min’s south west of Baltimore.

I’m reaching out b/c I would like to learn how to conduct the research you’ve conducted & continue to do on trend following. I don’t know where to begin. Would you mind sharing what you would do today knowing what you know if you had to start all over again? Many thanks in advance for your time & thoughts.

[Name]

P.S. I love your podcasts!

I have actually put that here.


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.

Ep. 381: Ben Whately Interview with Michael Covel on Trend Following Radio

Ben Whately
Ben Whately

Subscribe to Trend Following Radio on iTunes

My guest today is Ben Whately, a serial entrepreneur and education innovator. While studying Experimental Psychology at Oxford, Ben became fascinated by the ways that our brains learn. After graduating, he moved to Qiqihaer, a remote city in northern China. He is a memory expert and Memrise co-founder.

The topic is memory.

In this episode of Trend Following Radio we discuss:

  • Memory, a composite of previously formed memories
  • How memories are encoded in the brain
  • To the brain, remembering equals imagining
  • How the most effective way to teach is to be entertaining
  • Technology, and how it affects our views on memory

“People have this experience of being taught to memorize something, and the way they’re taught to memorize it is through sheer boredom, when in fact the most effective way to memorize it is to make it entertaining.” – Ben Whately

Mentions & Resources:

Listen to this episode:

Jump in!

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Trend Following Feedback

Feedback in:

Dear Michael,

First off, I would like to thank you on the excellent work you have done. You should be very proud of your efforts. The courage you have shown at times is highly impressive.

I am not a particularly good writer, but I will try to keep this concise and accurate. I have been working in the finance area for roughly ten years, but until recently I didn’t know of you. In fact, I only discovered Richard Dennis and the turtle story a few years ago. I read up on them for a bit, then as daily work took over and whatever else, I never went back to them. I then lost my job, became pretty sick, moved country…well, a lot happened. I have always been surrounded by fundamental type fund managers and analysts, who never really wanted or asked my opinion, I was just their operations or trader guy. I never had the confidence to voice my opinion. Listening to conversations with lines like ‘China mobile is cheap at twelve times earnings’ or ‘I should really tweak my estimates slightly on mediatek’. The usual blah blah, by guys who only cared about beating their peers, despite meaning that could mean their clients losing money. While I never believed it, I never really took the time to seek an alternative way. I was generally more interested in sport. Also, I never had any kind of mentor. I know these sound like lame excuses, maybe they are.

To use your words Michael, I am ‘making a commitment to change’. My motivation is one for change in my life. I have consumed a lot of your work in recent months, mostly the books and podcasts (an outstanding service). I am very interested in purchasing your training program. I am more than humble to admit, I can’t turn things around without help and sound advice. I am not seeking a Holy Grail as mentioned on your site. I want to give myself minimum one year full effort and commitment, part of a plan to turn things around. Of course, it will hopefully be one year or many more.

About the program, I am concerned that I may wander off course, so to speak. There is a lot of reading material. Can I read that over time? Can I educate myself with the systems at the same time? I worry that without checkpoints along the way, the books will gather dust. I guess that is up to me. My capital for investments at the moment is relatively modest. I also worry that I should have more questions to ask, but don’t.

Thank you for your time. I am happy to call you if you have a spare five mins, I understand you are a busy guy. Email is more than fine.

Regards,
[Name]

Sure, we can talk. I look forward to the chat.

In advance of that call listen.


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.