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Ep. 453: Daniel Shapiro Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dan Shapiro
Dan Shapiro

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My guest today is Daniel Shapiro, the founder and director of the Harvard International Negotiation Program, Daniel teaches a highly evaluated course on negotiation at Harvard College; instructs psychology interns at Harvard Medical School/McLean Hospital; and leads executive education sessions at the Program on Negotiation at Harvard Law School, Harvard Kennedy School, and Harvard Medical School/McLean Hospital. He also has served on the faculty at the Fletcher School of Law and Diplomacy, Tufts University, and at the Sloan School of Management at Massachusetts Institute of Technology.

The topic is his book Negotiating the Nonnegotiable.

In this episode of Trend Following Radio we discuss:

  • Negotiations
  • Self awareness
  • BATNA (Best Alternative To a Negotiated Agreement)
  • Five lures of the tribal mind
  • Dan Cook “The nothing fight”

“The problem isn’t about the words we are saying. It’s not about the actions we are doing. It is really about our mindset. The moment my mindset becomes Me vs. You in the conflict, Me vs. The other side, that is the problem. And the challenge is what causes us to move toward that Us vs. Them mindset and how do we breakout.” – Dan Shapiro

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Curiosity and Strong Passion for Trend Following

Posted on by Michael Covel

Feedback in:

Mr. Covel,

My name is [Name]. I wanted to send you an email saying thank you for all of your publications about trend trading. I started trading when I was 15 based on all curiosity and now has grown into a strong passion. I’m 23 years old and have followed your work for 3 years now and now drastically increased my returns but also my view point on the market.

After the fund I worked at sold its assets, I was laid off. Once that happened I went through your books again and it has only kept me more focused on my goals of running my own fund one day. Your work is very appreciated and anyone I know that trades or wants to get into trading, I forward them to your website and to all the books and podcasts.

Thank you Mr. Covel.

Best,
[Name]

You are welcome! As you know Curiosity drives Trend Following.

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.

Yoga, Podcasts and Trend Following

Posted on by Michael Covel

Feedback in:

Michael,

I am the guy who was a member years ago, then recently renewed. I was hounding you in regards to the TradeStation systems that you built. I was also the guy who has been doing yoga, but only with YouTube videos. I used the funds that I won from the super bowl boxes for private lessons at a studio. It was fantastic. My practice grew exponentially. Unfortunately Spring Break with the family came right after the private lessons and I have regressed. I started up again recently, but again only at home. The studio that I like has classes that do not match with my schedule at this time. I enjoy yoga, but my practice is not where I would like. I will need to change my schedule to get my practice to grow. As far as trading goes. I have been watching my portfolio of symbols using a charting software. I haven’t been able to get involved with Trade Station. My wife and I have been having some life changing discussions about our finances. She is starting to come round to understand Trend Following, but so far I haven’t been a good salesmen. I have been listening to your podcasts, and love them. I hadn’t used my phone to listen to them before and now I can’t wait for my commute! I look forward to seeing the notification that you have a new podcast available. I finally figured out how to download older episodes so I will have days of the podcast to listen to. Have you ever had Josh Brown on? One of the podcast that I recently listened to you read an article of Josh’s that was fantastic. It was about everyone being a technical trader. If you haven’t had him on, that would be one for the not miss category. I also loved the stuff that you have done recently with basketball. The part about the Celtics coach and the audio of Gregg Popovich was filled with some great nuggets. I guess this is a long (very long) winded way of saying thanks. I appreciate all the material that you have out there for your students and for all. Someday I will pull the trigger for the TS code. I see that as my only way because of my business.

Thanks again,
[Name]

Thanks.

Josh is a busy guy, but he knows I welcome him any time.

Do Yoga
Do Yoga

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.

Mike Lofgren and The Deep State Podcast Feedback

Posted on by Michael Covel

Trend Following Radio feedback:

Hi Michael,

I finished up listening to your podcast with Mike Lofgren on “The Deep State” and felt the urge to just thank you for a very interesting, informative, provocative, but essential discussion. Ironically, the issues you discussed are standard dinner table topics for me and my family (I’d consider ourselves different from the norm in a good way). Unfortunately, today’s farrago of reality TV shows, sports, and social issues have become red herrings to the more important topics. Why discuss the vexing and complicated issues when we can just talk about the Kardashians or whether bathrooms should be genderless?… At any rate, look forward to more discussions on your podcast.

PS: I have also been working in investments for a couple years but would could consider myself a “new” trader. At the end of your podcast you mentioned you’d send some trend following steps. I currently use a nuanced Tom Demark Indicator system, but I’m always open to learning something new.

Thanks again,
[Name]

Thanks!

The Deep State
The Deep State

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. 450: Making Money Every Month Is Fantasy with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Making Money Every Month Is Fantasy with Michael Covel on Trend Following Radio
Making Money Every Month Is Fantasy with Michael Covel on Trend Following Radio

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Please enjoy my monologue Making Money Every Month Is Fantasy with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Long Term Capital Management
  • Bernie Madoff
  • Leverage
  • Diversification
  • Indian Stock Market

“Leverage doesn’t matter in this case. Such consistency with low drawdowns goes against nature and cannot exist if it trades long enough.” Michael Melissinos

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

Ep. 449: Neil Pasricha Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Neil Pasricha
Neil Pasricha

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My guest today is Neil Pasricha, an author, entrepreneur, podcaster, and public speaker characterized by his advocacy of positivity and simple pleasures. He is also an established speaker and his TEDx talk, “The 3 A’s of Awesome”, is ranked as the ninth most inspiring TEDx talk with over 3 million views to date. In total, he has sold over 1 million books. The book and TED talk are based on Pasricha’s blog, 1000 Awesome Things. The blog has won three Webby Awards and ranked in PC Magazines list of top blogs and websites in 2009 and 2010.

The topic is his book The Happiness Equation: Want Nothing + Do Anything = Have Everything.

In this episode of Trend Following Radio:

  • Happiness
  • Retirement is a lie
  • Loving your work
  • The lottery
  • The note card system
  • Criticism
  • Goals are never ending
  • Having less wants in life

“The action proceeds the motivation.” – Neil Pasricha

“Wealth exists not in having great possessions but in having few wants.” – Epictetus

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Expensive Lessons, But Wiser for the Experience

Posted on by Michael Covel

Feedback in:

Hi Michael,

Almost finished your “Trend Following” and noticed there are…[some] people having negative issues with trend following. Well, I can tell them something…

In 2006 I started with 20,000 USD, no trading training and I [took training]. The key here is that I had no trading education. In Oct 2008 I made 300,000 USD and after 7 years of trend following I turned the initial 20,000 into almost 800,000. I then thought I know how to trade and started day trading and then (as many traders before me) lost everything. I [then] came to the conclusion that I knew nothing about trading… expensive lesson for me, but I knew what was possible [with trend following].

I have for the past year gone through an extensive training process [books and a course with (name)]. I still get the [name] data every day and will soon start again. Obviously I know a lot more than before, but the important thing is that I could turn 20,000 into almost 800,000 (drawdowns, etc. included) and I made money on ONLY 35% of my trades, that is without ANY formal trading knowledge, just following the trend.

So, no one [will] tell me trend following does not work, is dead, or anything else. It is alive and well and will be forever.

Just a private experience I would like to share.

Kind regards,
[Name]

Thanks!

Up and Down
Up and Down

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.