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Ep. 1142: Stefan Falk Interview with Michael Covel on Trend Following Radio

Stefan Falk
Stefan Falk

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My guest today is Stefan Falk, a professional advisor, and executive performance and development coach. His proven and unique expertise is centered around themes such as change and transformation, organizational effectiveness, performance management, and behavior development. His industrial experience spans most industries and sectors, from financial institutions to traditional industrial companies to leading professional services firms.

The topic is his book Intrinsic Motivation: Learn to Love Your Work and Succeed as Never Before.

In this episode of Trend Following Radio we discuss:

  • How to master your inner environment
  • How the human mind operates
  • The pre-configured mind and its priorities
  • Explaining a deeper self-understanding
  • Leveraging risk in the entertainment industry
  • Our cognitive reserve

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“True technical analysts are surfers and not fortune tellers…”

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Michael,

The dude who hammered your book and likes predictive technical analysis is and IDIOT and does NOT understand the CMT.

I used to like JC Parets (TA Radio) who is a CMT. He would never tell you he could predict the future. Stopped listening because I had to cut back on the number of podcasts I listen to.

JC would use market sentiment to develop a thesis to help make a decision of “potential” direction and classic patterns just help determine consolidation areas, and break outs as a jumping point (IOW reaction point).

Stop losses are always part of his plan and he is always ready to admit he is wrong when the market tells him. I even think he admits a typical trend following win rate of 40%.

True technical analysts are surfers and not fortune tellers.

Trend following is reactive technical analysis, not predictive technical analysis. Big difference. Most technical analysis is the predictive type (a waste of time).


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.

“I will eventually read and learn the difference between TA and TF…”

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I have your latest book on my kindle. I will eventually read and learn the difference between TA and TF. I assumed, I guess incorrectly, they were the same. Though haven’t you interviewed Peter Brandt? I’ve been listening since episode 1 (might be confusing your podcast w/ Chat w/ Traders). He’s a classic chartist, jumps in at the breakout and hopes a trend develops, stops out early as soon as the market turns around.

Oh wait, you’ve mentioned on the podcast the terms “price” and “quantitative” approach. Jesse Livermore did not chart, he kept track of price and price action. I think he even used a type of sector trend as confirmation. I am looking forward to reading your book to learn what the differences are.

Love the quote in one of your episodes – “Covel is the devil and his ideas are shit” – that was hilarious.

I listen all the time.

Danny

TF is not charting.

I interview everyone. But TF is still not typical TA.


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. 1141: How Did They Know with Michael Covel on Trend Following Radio

Episode 1141
Episode 1141

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Please enjoy my monologue How Did They Know with Michael Covel on Trend Following Radio.

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

“It seems they’ll get hit no matter how far away I might place them…”

Feedback in:

Hello Michael.

Just signed up on your site and read through your turtle trading book. Historically, my biggest challenge is just finding a proper stock to go long. I’ve bought higher highs which might go up a bit and then they drop (eg. DINO). I buy deep lows within a range at support and they drop anyway. I’m ok with drawdowns but amazingly, it seems they’ll get hit no matter how far away I might place them. I’m on board with trend following 100%, seems that I just don’t know how to find the correct candidate to trade. I’d like to be sure that what I’m doing isn’t just wrong (I think I’m doing things correctly but maybe really I’m not).

Thanks!

Dan T.

I see it more than timing. A lot more. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS below.


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.

“I wanted to backtest some of these ideas against some of the markets I am trading…”

Feedback in:

I just finished reading the Complete Turtle Trader last night. Great work! I visited here to see what more there was to learn about exit points/conditions and position allocation sizes. The book provides a good primer in chapter 5, but I wanted to backtest some of these ideas against some of the markets I am trading to see how I would have fared. Just dipping my toes in the water at this point.

Thank you,
Bob T.

Keep dipping. Links galore below.


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. 1140: Uri Levine Interview with Michael Covel on Trend Following Radio

Uri Levine
Uri Levine

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My guest today is Uri Levine, a passionate entrepreneur and disruptor and two-time unicorn creator (Duocorn), who co-founded Waze. He was also an investor and board member in Moovit. He followed his dream to create a lot of value for a lot of people, through a series of startups, that disrupted inefficient markets and services. His startups primarily focus on solving “big problems” and saving consumers money and time while empowering them. He is also a mentor, a teacher, and an author.

The topic is his book Fall In Love with the Problem, Not the Solution: A Handbook for Entrepreneurs.

In this episode of Trend Following Radio we discuss:

  • The journey from failure
  • The contrast of entrepreneurs in the modern age
  • Entrepreneurial mindset
  • Understanding the perception of the problem and building a solution

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