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Category: Psychology

Ep. 312: Dan Hill Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dan Hill
Dan Hill

My guest today is Dan Hill, a recognized authority on the role of emotions in consumer and employee behavior. He runs Sensory Logic, a scientific insights firm that analyzes consumers’ facial expressions to help companies better navigate consumers’ emotional decision-making processes.

The topic is consumer and employee behavior.

In this episode of Trend Following Radio we discuss:

  • What a face coding expert is
  • The evolutionary aspect to face coding and the 43 muscles present in the face; emotional decision-making
  • How Hill found his way personally into this field
  • Why we feel before we think
  • Being hired by the Milwaukee Bucks
  • The importance of a smile in the heart of a champion
  • The difference between technical skill and the factors that Hill is looking for
  • The importance of having the right amount of happiness
  • Some of the limitations of facial coding
  • How technology is intertwined with facial coding
  • Why a personality like Richard Nixon may never be President again
  • The say/feel gap
  • Whether we can learn how to avoid negative facial expressions and emotions
  • A trading system based on the movement of human faces
  • Where we might see facial coding moving to in the future

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Ep. 305: Mark Manson Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Mark Manson
Mark Manson

My guest today is Mark Manson, an author and personal development consultant. Manson has worked with thousands of people from over 20 countries and his writing offers a different take on the self-help genre. Manson calls it “self help from a first person perspective”. He has sold over 15,000 copies of his book “Models: Attract Women Through Honesty” and almost 400,000 people read his site each month. He’s been published and quoted on CNN, Huffington Post, Business Insider, Yahoo! News, The Sydney Morning Herald and a variety of other publications. He is also the CEO and Founder of Infinity Squared Media LLC.

The topic is personal development.

In this episode of Trend Following Radio we discuss:

  • Why people are such ass—– on the internet
  • Internet communication vs. real world communication
  • Becoming desensitized to the internet
  • How Manson came to his entrepreneurial path and how he was inspired by “The 4-Hour Workweek”
  • Location independence and how travel has changed Manson
  • Consumerism in America
  • Having an excess of choice in your life
  • The type of business Manson has developed and why it’s been successful
  • Why certain approaches to dating aren’t emotionally healthy
  • Our bias against performers
  • Why Manson refers to himself as “self-help for people who don’t like self-help”

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Ep. 303: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Charles Faulkner
Charles Faulkner

My guest today is Charles Faulkner, an author, trader, and an expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in “The New Market Wizards” by Jack Schwager.

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

  • The notion of fictional people and why famous figures in finance are “fictional”
  • The importance of narratives, stories, and metaphors
  • The halo effect and deluding ourselves
  • The difference between a story and a strategy
  • The nature of independent thinking; herd behavior
  • Ego, ignorance, and authority
  • The five different types of minds: the experiencing mind, the imaginative mind, the reasoning mind, the reflective mind, and the generative mind
  • System one and system two
  • Why words don’t change people but experience does
  • Experience base and the difference between amateur and professional traders
  • The two kinds of market wizards
  • Language in the context of the five different types of minds
  • The importance of asking “how” does the market work over “why”
  • The importance of luck and time in the case of Warren Buffett
  • Why you shouldn’t get your excitement from trading

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Ep. 297: Gabriele Oettingen Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Gabriele Oettingen
Gabriele Oettingen

My guest today is Gabriele Oettingen, a Professor of Psychology at New York University and the University of Hamburg. Her research focuses on how we think about the future, and how this impacts cognition, emotion, and behavior.

The topic is her book Rethinking Positive Thinking: Inside the New Science of Motivation.

In this episode of Trend Following Radio we discuss:

  • Positive thinking, optimism and over-confidence
  • How positive thinking can reign in your sense of urgency
  • The effect of positive thinking on us from a scientific viewpoint
  • Whether Oettingen views her work as an attack on the self-help industry
  • Oettingen’s process and how she views data
  • The WOOP (Wish, Outcome, Obstacle, Plan) process
  • Understanding each component part of WOOP
  • “Ah-ha” moments in Oettingen’s early development
  • The idea of WOOP as mental contrasting
  • Non-conscious processes

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Study the Errors of Those Before You

Posted on by Michael Covel

“Science is the systematic classification of experience.”
George Henry Lewes

“It is necessary for you to learn from others’ mistakes. You will not live long enough to make them all yourself.”

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How the Markets Tempt Us Into Making Mistakes

Posted on by Michael Covel

Feedback in:

Hi Michael,

Saw this article and immediately thought about trend following. There are the obvious aspects like being systematic, following the trend lines and thinking for the longer term. The interesting part was the discussion of the retiree and the temptation of the markets to derail his disciplined approach. I see the temptation of the markets being the greatest enemy to the discipline required to be a trend-following trader. Please enjoy.

Thanks,
[Name]

PS. Thanks for you all your work. It’s really appreciated.

Thanks.

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.

Forget Fear, Feel Pressure

Posted on by Michael Covel

People that came from *other* countries founded America. Many, many of them in 1700s, 1800s and early 1900s brought with them something very special–the desire to move beyond the stale and dysfunctional economies and governments of their home countries. Coming to America was the smack you in the face adrenaline rush opportunity to kick royal ass. When you know how bad it is in your home country, and you come to a blank slate new place like America, one that is saying loud and clear “capitalism or bust”, you go for it and hard. Now, American capitalism or bust is gone for the vast many and I think I know why: perspective. Americans no longer have perspective. A big reason: It is relatively isolated geographically. Travel to the far corners of the globe from America is not quick and that original America is number one belief horse blinders out the competition. Not so smart in 2014. If you don’t know how much ass your neighbors in Asia, India, etc. are kicking (and watching TV shows doesn’t give the true feel), then how can Americans truly be expected to have the eye of the tiger? So instead of feeling pressure, Americans feel fear. And fear doesn’t motivate. Fear drives people to politicians promising milk and cookies. I don’t expect this perspective to change for the majority, but you can change this perspective for yourself by traveling, innovating, creating and trading. You only have one life and the thought of looking back at age 85 to remember the fond days of office cube existence working diligently for the man…isn’t that depressing?

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.