“Trend following makes great sense to me…”

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I’ve been a student of futures trading for some time now. I’ve read Van Tharp’s books, which are appealing to someone with an undergraduate degree in psychology. I’ve opened an account with Trade Station, and mastered at least most of the platform over the last couple of months. (Easy Language is a skill for the future. but clearly one worth investigating.). I can identify with Ed Seykota’s somewhat zen-like approach to trading, and life in general. As I suspected, I’m not temperamentally cut out for day trading. (Too much of an emotional roller coaster, plus a need to have one’s nose pressed against a quote screen all day long.). I don’t need “action” to feel happy and fulfilled.

Trend following makes great sense to me. No one can ever completely master the fundamentals of a particular entity, but price gets a lot closer to incorporating all the various relevant pieces of information. I’m agnostic as to market direction and predictions. The market does what it does, and no one has a perfect crystal ball in terms of future moves. Short or long doesn’t matter to me as long as there is up or down movement.

I purchased your Trend Following book a couple of years ago, and am currently re-reading it. It is time to bring my career as an orthodontist to a close, but simply being idle is not something I enjoy. I’m ready for a new, mentally stimulating challenge! Your input and accumulated wisdom would be welcomed!

Dave H.

Thanks Dave. A good extra read here and here.

“Everyone talks their book. Whether a bank, a website, channel–they all have an agenda…”

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It’s finding a plan that makes sense. Everyone talks their book. Whether a bank, a website, channel – they all have an agenda – and it’s not my best interest. I know that. I’ve been reading and listening to your book and am intrigued. Nothing is easy – ever. But this process seems logical. Hoping you are as forthright and genuine as you seem.


My book Trend Following.

It’s matter of fact.

You don’t have to ever talk to me again–after you read.

Ep. 771: Art Markman Interview with Michael Covel on Trend Following Radio

Art Markman
Art Markman

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Art Markman is the Annabel Irion Worsham Centennial Professor of Psychology and Marketing at the University of Texas at Austin. He is also the Founding Director of the Program in the Human Dimensions of Organizations. The HDO program brings the humanities and the social behavioral sciences to people in business. Art’s research explores thinking. He has studied the way people form and use analogies, the mechanisms of decision making, the modes that allow people to form categories, and the influences of motivation on reasoning. Art is also the executive editor of the journal Cognitive Science and is a former executive officer of the Cognitive Science Society.

If you’re in a job interview, how should you think about the mindset of the interviewer? If you’ve just been promoted, how do you handle the tensions of managing former peers? And what are the telltale mental signs that it’s time to start planning your next career move?

We know that psychology can teach us much about behaviors and challenges relevant to work, such as making better decisions, influencing people, and dealing with stress. But many popular books on these topics analyze them as universal human phenomena without providing real-life, constructive career help.

Bring Your Brain to Work changes all that. Art Markman focuses on three essential elements of a successful career–getting a job, excelling at work, and finding your next position–and expertly illustrates how cognitive science, especially psychology, sheds fascinating and useful light on each of these elements.

To succeed at a job interview, for example, you need to understand the mindset of the interviewer and know how to come across as exactly the individual the company wants to hire. To keep that job, it’s critical to master the mental challenge of learning every day. Finally, careers require constant development, so you need to be able to sense when it’s time to move up or out and to prepare yourself for the move. So many of the hurdles you face throughout your career are, first and foremost, psychological challenges, and Markman shows you how to use your different mental systems–motivational, social, and cognitive–to manage them more effectively.

Integrating the latest research with engaging stories and examples from across the professional spectrum, Bring Your Brain to Work gets inside your head, helping you to succeed through a better understanding of yourself and those around you.

In this episode of Trend Following Radio:

  • Bring Your Brain to Work

Mentions & Resources:

“I have listened to every one of your podcasts—even the repeated ones and the compilation ones…”

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Dear Mr. Covel,

I first heard of you in an ad in an Agora newsletter. I signed up for your newsletter from them. I have your latest book. It is great.

I have listened to every one of your podcasts—even the repeated ones and the compilation ones.

You interview very interesting people from all fields—not just trading.

I tried to leave a review on Apple’s website, but I can’t seem to get it to work.

I could not help but to have gotten the 4 or 5 simple rules of your trend-following system through my thick skull and into my memory. The repetition of your message really helps.

You have made known to me people such as Larry Hite, David Harding , Jerry Parker, Tom Basso, Kathryn Kaminski, Bill Dunn, Daniel Kahneman, Ed Seykota, Jack Schwager, Meb Faber (all here).

I have a big list of books and white papers to get and read.

Thank you for all your hard work.
It is very fascinating.

Yours sincerely,

Sam S.
Carrum Downs, Australia.


“It’s like your whacking yourself with the Zen stick. The master and the apprentice all in one…”

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Hi, I have been listening to your podcast a couple times a week now for about a year I guess.

Also I have the copy 5th Edition Trend Following.

Plus turtle and Market Wizards. These two I have to still read but Trend following I’m 80% through at this stage. I treat my trading as a business and these are the couple things I need to get done over the next bit of time to check off the to do list.

I have a quick look at your FB just to see what your up too, But FB is not really my thing. I use it to work with a couple traders, but we have changed to Telegram more these days. Far more professional for sharing charts and communicating and zero bombardment from stupid adds/friend requests and all that other bullshit. The whole Social media thing and data sharing, well where do I start. Too much crap basically. (Hence the reason I have a trading name on FB and the like, I was going to send this reach out to you there, but this is more professional I think.) Plus it would have more than like likely got lost in other peoples comment section or something. Fuck Face Book, Big brother shit.

But I like the podcasts you do, which is why I want to quickly reach out today and offer a little encouragement. You send them every week and late I put 1 one and I do get a bit out of them. Well done. I have just finished the latest 1 where you go to The Mekong river, and tell the story of the Bakery and relate this to trend following. I like that. But the bit I find funny and seems to be happening more these days is the way you run off on your little tangents and you have to correct yourself. It’s like your whacking yourself with the Zen stick. The master and the apprentice all in one. I remember in one episode a while back some girl wrote to you saying you had issues and you read this out and were laughing through it. Funny shit.

The other one you played again about 2-3 weeks back was one of the super episodes, It had the guy with the story of his explanation of what a computer is. Went for about 40 minutes, man that guy was like doing stand up. That was very cool.

All the best keep up the good stuff. Love the fact your in Asia and doing your own direction in life. In short your Podcast are great for me to unwind and remind me to focus and have the correct outlook in life. Even the simple stuff. Make a dame list,

Cheers – Have a good one.

Thanks! My podcast is an addiction for me. 100%