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Look Before You Leap Is Mission Critical

An excerpt from my first book, “Trend Following”:

Trend following, like any entrepreneurial endeavor, demands you to be responsible for yourself. Charles Faulkner emphasized the point: “Trend trading and even trading in general isn’t for everyone. As too few people check out what the day-to-day life of a trader is like, and trend trading specifically, I strongly recommend they find out before making a life changing commitment.”

What does “life changing commitment” involve? You commit to not wanting to be right all of the time. Most people, let’s face it, must be right. They live to have other people know they’re right. They don’t even want the success. They don’t want to win. They don’t want money. They just want to be right. The winners, on the other hand, just want to win.

If you don’t want to win–on something in life–go jump now.

Note: Charles has been one of my most popular podcast guests. He will be on soon again.


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.

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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.

Ep. 51: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Charles Faulkner
Charles Faulkner

Market Wizard Charles Faulkner makes his 2nd appearance on the podcast:

My guest today is Charles Faulkner, a trader, mentor and author who has been featured in Jack Schwager’s “Market Wizards” series. Faulkner is an international expert on modeling the knowledge and performance of exceptional individuals, teams and organizations, and applying the latest research in cognitive neuroscience and linguistics.

The topic is his book Higher Level Trading: The Five Stages to Trader and Investor Mastery.

In this episode of Trend Following Radio we discuss:

  • Faulkner’s idea of “system one” and “system two” – a dual-process theory of how the brain works – and how it relates to trading
  • Herding, bubbles, and panics and how they relate to “mirror neurons”, group think, and sheep behavior
  • The idea of making sense of the world through our bodies (and how this might be relevant to trading)
  • Neurolinguistics (the relationship between the neurology of the brain and the language we use)
  • How our brains crave stories (and how we have to be careful how we use them)
  • The importance of using money to buy experiences over objects

Listen to this episode:

Jump in!

Ep. 3: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Charles Faulkner
Charles Faulkner

My guest today is Charles Faulkner, a trader, mentor and author who has been featured in Jack Schwager’s “Market Wizards” series. Faulkner is an international expert on modeling the knowledge and performance of exceptional individuals, teams and organizations, and applying the latest research in cognitive neuroscience and linguistics.

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

  • Mental mapping, risk, expertise, the metaphor of trading to motorcycling, and how human nature and biology influence investment decisions

Listen to this episode:

Jump in!