Charles Faulkner Podcast Feedback

My Charles Faulkner interview podcast has brought in nice feedback:

Dear Mike, I just had to drop you a quick note “thanking you profusely” for the Faulkner interview on the podcast. This was by far my favorite podcast you did. It was such a easy going conversation. I’m sure you could’ve gone on for another hour. Please have him on again soon. Sincerely, James Cerniglia


Hey Mike, just had a listen to the interview you did with Charles Faulkner…very nice indeed. I am a big proponent of how this methodology helps your trading and just your overall attitude and perspective on life in general. I do have on thing I would like to ask you though, I often here you refer to the herd or sheep behavior with trading, so my question is: do we use this behavior to our advantage, so we can jump on the bandwagon for trend following, but go against it in our conventional way of investing (buy and hold)?

Trend following follows trends. Just like the herd, it will follow the group, the trend. The difference? Trend followers have exit strategies as they know markets eventually reverse. They plan for this. That’s how you take advantage of herd behavior.

Note: Listen here.

Big Thanks to Everyone Who Has Helped Me!

Feedback in:

“Years ago, famed Chicago bond trader Tom Baldwin put trading in a phrase: “Everybody wants the money, but whose willing to do the work?” I know a few. One of them is Michael Covel. Michael did the yeoman’s duty no one else would do: bringing together the principles, practices and track records of trend following. In his now numerous books, courses and programs, he solidly demonstrates trend following is a viable trading and investment strategy; moreover, one that can be learned and mastered. Something many so-called trading and investment strategies have yet to do.”
Charles Faulkner
Market Wizard Trading Coach,
Mental Edge Trading Associates


Note: Faulkner is in my film and my new book The Little Book of Trading.

Risk Perception: Emotions can be Misleading

I caught this quote in a Charles Faulkner presentation:

“People base their judgments of an activity or technology not only on what they think about it but also on what they feel about it. If they like an activity, they are moved toward judging the risks as low and the benefits as high; if they dislike it, they tend to judge the opposite — high risks and low benefits. Under this model, affect comes prior to, and directs, judgments of risk and benefit.”
Paul Slovic, Melissa Finucane, Ellen Peters, Donald G. MacGregor
‘Risk as Analysis and Risk as Feelings’

True that. Faulkner is in my film.