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Ep. 823: Joseph Pine Interview with Michael Covel on Trend Following Radio

Joseph Pine
Joseph Pine

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My guest today is Joseph Pine II, the co-author of The Experience Economy. He is an internationally acclaimed author, speaker, and management advisor to Fortune 500 companies and entrepreneurial start-ups alike. The economic competitive reality of the future is fast-paced change. Mr. Pine helps clients design strategies to leverage these new economic opportunities and create experiences that drive revenue.

The topic is his book The Experience Economy.

In this episode of Trend Following Radio we discuss:

  • Joseph Pine and James Gilmore make an even stronger case for experiences as the critical link between a company and its customers in an increasingly distractible and time-starved world.

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“I came across your book through Steve Burns books as I am trying to start my journey in Trend trading…”

Feedback in:

Hi Michael,

I came across your book through Steve Burns books as I am trying to start my journey in Trend trading and currently doing my research and learning to trade this way. My biggest challenge currently has been searching for the trends (screening for stocks) and then knowing how long to wait if the stock is not moving and I suppose when to sell (especially with weeks like these i.e. Trump/China Tarriffs week). I purchased your book through Audible and am really enjoying listening to it and learning about these traders/methods. I had heard you had done a movie in 2009 and I wanted to get also access through your website and also sign up for the interactive presentation mentioned in the book. I’m enclosing as you mentioned a copy of my my audible purchase history as a jpeg. It’s the third book down and I purchased this on May 8th through my Audible subscription. I’m currently trying to read and listen to a number of books and podcasts trying to get up to speed with these newer methods.

Sincerely,
Ray
San Marcos, Texas

Some starting links: 1, 2, 3, 4, 5, 6.


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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.

“My biggest challenge is that I don’t have a system…”

Feedback in:

Hi Michael,

My biggest challenge is that I don’t have a system.

I look at the news and follow Stocktwits for instance.

Further on I check the earnings dates and look at P/E.

And last I follow my gut feelings.

So it’s some kind of a system but a very bad one.

I want to learn a trading system on which my risk is managed.

One of the things is when to get out of a stock.

I’m holding a stock called Nortech systems.

As I started it want up (in one day) real quick, so I bought shares.

The volume was good.

As it dropped I bought more shares to get a lower overall price.

Now I’m stuck with this as the price has gone from my my price of 5,10 to 3,94.

And the volume is almost non-existing.

As I’ve bought more shares this stock is about 40% om my total trading money (total is 25k dollar)

So I lost allot of virtual money on this one.

There are a few reasons I still own the stock.

– The fundamentals are looking good.

– I don’t want to sell because I loose about 3000 dollar which is more than 10% of my trading power.

– (this is a stupid one) I saw that Renaissance has allot of money in this stock.

As you can see my strategy is very poor.

Thank you for your help.

With kind regards,

Pieter W.

You don’t need:

P/E, gut, news, earnings dates.

Those are dead ends.

Start here: www.trendfollowing.com/faqs


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.

“But I don’t know how to recognize those trends before they happen…”

Feedback in:

Hello Michael,

To be honest, I just started learning how to trade. I didn’t even know what Forex was. I live near Tijuana Mexico so I knew about currency exchange but not to the level of the Forex market. I created a demo account with Trading View and I have been practicing ever since.

The problem I have noticed so far, I have no plan. I jump into trades on guessing and hopes. When I look back at certain pairs I notice thee trends that occurred and think to myself, “wow, if I had entered there and exited there, man could I have struck it rich”. But I don’t know how to recognize those trends before they happen.

I would love to know how to identify the start of a trend. And of course the end of one.

The passion is there, I just need the proper training.

Rolando

You say: “But I don’t know how to recognize those trends before they happen.”

You can’t do that. It’s impossible.

Start here.


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. 822: You Are Supposed to Think Like the Mob with Michael Covel on Trend Following Radio

You Are Supposed to Think Like the Mob with Michael Covel
You Are Supposed to Think Like the Mob with Michael Covel

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Please enjoy my monologue You Are Supposed to Think Like the Mob with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

“Seasons greetings and thanks for a thought-provoking response…”

Feedback in:

Hi Michael,

Seasons greetings and thanks for a thought-provoking response.

Indeed, unique is a vague and unhelpful descriptor of your many talents, so why the non-specific adjective?

Caveats:

At the time, I was unfamiliar with you beyond your books and presentation. I hadn’t googled you but you definitely have a distinct voice among authors/speakers/educators.

Also a confounding factor–the end the workday excuse–dictating on autopilot, with emails not edited for much effect…

I simply wished to convey that you present as a passionate and thoughtful individual who, with humor and humility, entertains and instills confidence in your audience.

Reading Big Blue, Complete TurtleTrader and currently listening to Ep. 816, a Trading Primer. All have been very helpful.

I was happy to realize I’ve been following some of the basic strategies of trend following.

Currently, my passion is to implement a time-efficient and systematic trend following approach.

Enjoying the process and appreciate your role in it.

I wish you the best,

Ben L.

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.

Ep. 821: Chris Varelas Interview with Michael Covel on Trend Following Radio

Chris Varelas
Chris Varelas

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My guest today is Chris Varelas, a co-founding partner of Riverwood Capital. Prior to establishing Riverwood, Chris worked at Salomon Brothers/Citi as Global Head of Technology, Media & Telecom Investment Banking, Head of Citi’s National Investment Bank, member of Citi’s Global Operating Committee and Culture Czar for all of Citi. Chris was selected as one of the 100 most important deal makers by the New York Times and was named top “rainmaker’ in the technology sector by Dealmaker Magazine. Chris earned an MBA from the Wharton School of Business and a BA from Occidental College in Los Angeles, California for which he serves on the Board of Trustees. He is a moderator for the Aspen Institute for which he recently founded the Aspen Finance Fellows program created to produce effective enlightened leaders in the financial services industry.

The topic is his book How Money Became Dangerous.

In this episode of Trend Following Radio we discuss:

  • Chris brings a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system, how money became our adversary, and why finding a new course is crucial to a healthy society.

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Listen to this episode:

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