Hey Mike! Fucking love your podcast. I started to listen late but trying to catch up on episodes below the 900th! Did you have a chance to do a podcast with Stan Weinstein? I’m sure it would be another amazing podcast! Thanks my man! Tony
My biggest frustration is that I can’t sit at the computer on a regular basis. I cannot do day trading and I don’t have the time to run screens all the time. My best performances come from following a few companies that I know well and trade covered puts and calls against positions that I am confident are good to own over 1-3 years. For example I have made roughly $700k in the last three years trading short options and spreads on AMD, SQ and AMZN. The place where this strategy breaks down is in on high alpha/high beta names that react poorly to risk off market news. They go through support and resistance leaving me purchasing expensive stock or selling out of a big move up. I have powered through these episodes and recovered well, but it will end badly if this market enters a prolonged bear market.
Marker K.
That’s nothing like trend following. Have you tried testing your strategy?
My guest today is Max Lugavere, a filmmaker, health and science journalist, and the author of the New York Times best-seller Genius Foods: Become Smarter, Happier, and More Productive While Protecting Your Brain for Life, published in 8 languages around the globe. He is also the host of the #1 iTunes health podcast The Genius Life. Lugavere appears regularly on the Dr. Oz Show, the Rachael Ray Show, and The Doctors. He has contributed to Medscape, Vice, Fast Company, CNN, and the Daily Beast, has been featured on NBC Nightly News, The Today Show, and in The New York Times and People Magazine.
The topic is his book Genius Kitchen.
In this episode of Trend Following Radio we discuss:
Obesity epidemic
Nutrition and healthy eating
Boosting body, autonomy, and metabolic resilience
Diet, and exercise
His mom and the difficulties she faced
Parkinson’s disease, Alzheimer’s disease and dementia
Michael: Thank you for your fantastic work. I own and have read all your books multiple times and am a dedicated listener of your podcast. I have been trend trading relatively successfully for over ten years but I struggle with one thing. Assuming that for whatever reason, I miss the initial trade entry signal and the move is now well underway, should I go ahead and enter or wait for the trend to reverse and go the other way? I would appreciate your thoughts. Thank you. Bill P.
Trend following doesn’t buy on the dip. If you have an entry signal you get in. What’s the downside? You have a stop.
Hi Mike, I love your podcast. I have been a listener since day one and also I have several of your books. Thanks for the great interviews. I appreciate your honesty. Your honesty and ability to question things are what bring trust. Anyway, in the podcast there was discussion of a “bot” or deep fake of you or Michael-Covel-like content. I noticed my local library has a book summary of your book. I wondered if you got royalties on that (if you feel comfortable sharing such information). I tried to find it by searching, but it was hard to determine. From what I have found, it appears as though you do not because it is “someone else’s interpretation”. What is the truth and how do you feel about it? Would it be worth it/make sense to put out a “summary” of your own to capture that? Or an “endorsed summary”? On a side note, I have probably bought a dozen books of the guests of your podcast because they have been on your show. Is there any way to help you get credit or show that value you bring in order to help you?
Everyone can buy my books here. Best way to support the cause!