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My guest today is Tom Basso, a hedge fund manager who currently runs enjoytheride.world, a website dedicated to trader education. Tom was one of several traders featured in Jack Schwager’s The New Market Wizards and dubbed “Mr. Serenity” by Jack. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• Modern society and inflation
• Trading short-term, medium-term, and long-term with extreme diversification
• A trader’s work-life balance
• Viewpoint on cryptocurrencies
• Trend following in the year 2022
• Tom’s happy retirement life

Mentions & Resources:

• Tom Basso
• Trend Following Mindset: The Genius of Legendary Trader Tom Basso
• Kathryn Kaminski
• Tiger Woods
• Dustin Johnson
• JT Poston
• John Deere Classic
• Patrick Reed

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hey Mike,

My biggest challenge is that I have never traded before. I have spent the last few months educating myself in the trade. Following are the books I have read (Some are chartist type books. Don’t hold that against me please):

– Day Trading Quick Start Guide, Troy Noonan
– Technical Analysis of the Financial Markets, John Murphy
– Trend Following, Michael Covel
– How to Trade in Stocks, Jesse Livermore
– Confusion De Confusiones, Josef la Vega
– The Rule, Larry Hite
– Reminiscences of a Stock Operator, Edwin Lefevre (Evidently about Livermore. I have even read that some surmise Livermore is the author)
– Market Wizards, Jack Schwager

But on another note. I just signed up for the Flagship system.

Look forward to helping you.

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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Get Into the Mind with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

Michael, Caught your interview with Krainer. I’d like to think you two have taken “trader thinking” to a higher plane. I’m very familiar with charts. What else do you incorporate into your thinking?

Keep up the good work!
John in Ohio

Thanks John, but trend following is not about charts. It’s about price. The 3 best trend following indicators are:

Price

Price

Price

Check my FAQS below.

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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.

Feedback in:

Hi Michael, I’m now reading your book Trend Following after reading The Turtle Trading. What great books! My biggest challenge with trend following is actually finding them. I already managed to enter some profitable trades, and of course some losing trades, but I really find it difficult to screen for trades and find them. Do you have any tips about this manner? Thanks a lot for your great work! I really appreciate that. Roee V.

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With trend following? You don’t find trends: Read.

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.

Subscribe to Trend Following Radio on iTunes

My guests today are Douglas Kenrick and David Lundberg-Kenrick, a father and son team.

Douglas Kenrick is a professor of psychology at Arizona State University. His research and writing integrate three scientific syntheses of the last few decades: evolutionary psychology, cognitive science, and dynamical systems theory. He is the author of over 170 scientific articles, books, and book chapters, the majority applying evolutionary ideas to human cognition and behavior.

David Lundberg-Kenrick is the Media Outreach Program Manager at Arizona State University. He creates multimedia supplements for psychology textbooks, produced and edited videos for use in psychology experiments, and worked on documentaries about evolutionary psychology, including the BBC’s “The Science of Seduction” and his current project “The Caveman Goes to Hollywood.”

The topic is their book Solving Modern Problems With a Stone-Age Brain: Human Evolution and the Seven Fundamental Motives.

In this episode of Trend Following Radio we discuss:

• Violence
• Dangers of stone-age problem solving
• A new and systematic way to survive and be happy in the modern world
• Wealth inequality
• Our different motives
• The revised pyramid of human needs

Mentions & Resources:

• Douglas Kenrick
• David Lundberg-Kenrick 
• Solving Modern Problems With a Stone-Age Brain: Human Evolution and the Seven Fundamental Motives
• Steven Pinker
• Kim Hill

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Dear Michael, I used to look at videos about trading strategies “that work”, like a lot of beginner traders do. After trying to understand multiple strategies I never fully understand why they actually work. I have done some research about the trading psychology, but can’t quite understand it all. I am also the only one of my family and friends who is interested in trading. Therefore it is quite difficult to find good help and clear information for a beginner like me. I suppose my biggest struggle with trading is completely understanding why the stock price go up, down or neither.

Kind regards,
Robin

The goal is not to understand why. The goal is to make money.

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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.