Subscribe now and watch my free trend following VIDEO.

Category: Podcasts

I Want the Hate Too

Posted on by Michael Covel

Caught this review of my podcast while discussing “troll” aspects of modern life with my sister:

Michael Covel interviews some great guests on his podcast, and that’s the part I love about his podcast. When h[e] allows the guests to go deep into a topic, the interviews are tremendous. Things I dislike about these podcasts? Michael Covel constantly diverts conversations into meaningless specula about fed policy or starts a monologue about value investing and buy-and-hold. Good to hear once, but not on e[very] podcast! Also, he over all tends to talk like a “know-it-all”. Michael, allow guests to talk more about topics they’re good at and stop trying to be a “life” coach.

She then says remember the scene from Howard Stern’s film? I said no, so looked it up. Self-explanatory:

Researcher: The average radio listener listens for eighteen minutes. The average Howard Stern fan listens for, are you ready for this, an hour and twenty minutes.

Stern Associate: How can that be?

Researcher: Answer most commonly given: “I want to see what he’ll say next.”

Stern Associate: Okay, fine, but what about the people who hate Stern?

Researcher: Good point. The average Stern hater listens for two and a half hours a day.

Stern Associate: But… if they hate him, why do they listen?

Researcher: Most common answer: “I want to see what he’ll say next.”

Stern has made me laugh many times in my life.

Note: Great piece on dealing with haters.

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. 201: Frank Curzio Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Frank Curzio of Stansberry and Associates. Curzio is the voice behind S&A Investor Radio, as well as the editor of the Small Stock Specialist.

The topic is markets and investments.

In this episode of Trend Following Radio we discuss:

  • The CES (Consumer Electronics Show) and upcoming electronics trends
  • Connectivity
  • Narratives
  • Protecting your downside
  • The Federal Reserve and the gold market
  • Netflix, Best Buy, and 4K televisions as a trend
  • Apple
  • Being on the ground, physically going somewhere, and the importance of being there

Listen to this episode:

Jump in!

Ep. 200: Tom Basso Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tom Basso
Tom Basso

Subscribe to Trend Following Radio on iTunes

My guest today is Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager’s “New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, “Panic-Proof Investing” and “The Frustrated Investor”. Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Location independence
  • Making sure trading doesn’t take up your entire life
  • Stoicism
  • Trend following in the emotional arena
  • Mental exercises
  • The psychology of trend following
  • The “observer self”
  • The mental aspects of success
  • The importance of being able to lose small amounts of money
  • Why trend following does so well when the black swans hit
  • Basso’s daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start
  • Money management v. trading
  • Tinkering with current systems
  • Knowing when it’s a regular drawdown v. something really going the wrong way
  • Whether Basso is a one-system kind of guy v. multiple systems

In this episode of Trend Following Radio:

  • How to use mental exercises to improve yourself as a trader
  • Why the tolerance for losing small amounts of money can make you almost invincible
  • Tom’s daily trading routine: how to ensure you don’t spend the whole day making trading decisions
  • Why understanding strategic planning is key to being a successful trader
  • Trading for clients vs. trading for yourself, and the regulations that go along with that
  • Understanding the difference between a normal draw down vs. something really going wrong
  • Separating facts from opinions, and why it’s important in trend following trading

Listen to this episode:

Jump in!

Ep. 199: Peter Schiff Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Peter Schiff
Peter Schiff

My guest today is Peter Schiff, an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.

The topic is Federal Reserve policy.

In this episode of Trend Following Radio we discuss:

  • QE infinity, expectations and Fed overall policy
  • ZIRP
  • Inflation
  • Real estate
  • Foreclosure
  • How the stock market keeps people satiated
  • Protecting the value of the dollar
  • How we can get to effectively negative interest rates
  • The way out of QE infinity (if even possible)

Listen to this episode:

Jump in!

Getting Started with Your Trading Business Advice

Posted on by Michael Covel

A recent email exchange:

Justin: I’m not sure if you’d be willing to help, but I’m struggling with the next step(s) for a trading related software/app project I want to pursue. I have the idea/functionality and ideas for pricing models in mind but I haven’t taken the step of getting someone to actually write the application/develop the site. It’s not a terribly complex idea, but it’s related to one of the key areas of success for all traders & I have yet to see a service meet this need. I have no experience in dealing with intellectual property issues so I’m concerned about protecting the idea (if it’s even possible at this early stage). I was wondering if you might be able to provide any insight/advice since I know you’ve had great success in creating proprietary systems. If you need more info to help please just let me know. If you’d be willing to take some time to Skype & talk through it I’d love to have the chance to pick your brain. Thanks for any help you can offer.

Covel: Not sure I follow. Can you be precise what you are doing and how I can help?

Justin: Sorry. I have a trading service/application I want to develop. But I don’t know how to protect the idea or if I even can at this stage as it’s only an idea. I’d love to give you an overview of what it is so you can better understand what I’m talking about but also for honest feedback on the potential value it could provide to other traders but I am very ignorant when it comes to IP. When you were getting your projects going in the past did you protect the idea by something akin to a non disclosure agreement? Or did you have some other means to protect the idea while working with other people to get it from the idea stage to reality? I apologize as I know I’m being vague but I hope this makes more sense.

Covel: There is not a short answer. Best answer? IP attorney time. If not, you probably pay more later than less now.

You may also wish to read my article on Andrew Carnegie’s adress on the keys to success in business and to my David Burkus podcast interview.

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. 197: Jack Horner Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jack Horner
Jack Horner

My guest today is Jack Horner, the world renowned paleontologist. Horner was the technical advisor for all of the “Jurassic Park” films. He is most famous for discovering and naming Maiasaura, providing the first clear evidence that some dinosaurs cared for their young.

The topics are dyslexia and the process of learning.

In this episode of Trend Following Radio we discuss:

  • Passion
  • Why you’d break open a dinosaur egg rather than hold onto it as precious material
  • How Horner attributes his way of thinking to dyslexia
  • The shapeshifting dinosaur hypothesis
  • “Chickasaurus” and the idea of dinosaurs and chickens intersecting
  • The accuracy of the “Jurassic Park” dinosaurs
  • Whether the T. Rex was a scavenger v. predator
  • How Horner came to his way of thinking

Listen to this episode:

Jump in!

More:

Michael Covel and Jack Horner
Michael Covel and Jack Horner
Jack Horner's Book
Jack Horner’s Book
Jack Horner's Book
Jack Horner’s Book

Ep. 195: The Passenger with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The Passenger with Michael Covel on Trend Following Radio
The Passenger with Michael Covel on Trend Following Radio

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

Listen to this episode:

Jump in!