Subscribe now and watch my free trend following VIDEO.

Tag: live

Ep. 140: Tom Asacker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tom Asacker
Tom Asacker

My guest today is Tom Asacker, an artist, writer, inventor, and philosopher. He writes, teaches, and speaks about radically new practices and ideas for success in times of uncertainty and change.

The topic is his book The Business of Belief: How the World’s Best Marketers, Designers, Salespeople, Coaches, Fundraisers, Educators, Entrepreneurs, and Other Leaders Get Us To Believe.

In this episode of Trend Following Radio we discuss:

  • Choice and distraction/distrust
  • Belief and its connection to how people make decisions and habit
  • Faith healers and how information can change our beliefs and perceptions
  • How the supermarket works as a metaphor for belief and choice
  • Vernon Smith and Daniel Kahneman
  • The instinctive “feeling” mind vs. the slow, deliberate thinking mind
  • Leading people to choose themselves vs. just getting a job
  • Thinking like a child
  • Comfort vs. desire
  • Why those that have nothing to lose can put themselves in the best position for success
  • Pulling the curtain back on your own mind to determine what your own mind is doing to prevent you from living a full life
  • The power shift to the individual via the internet
  • Why we see what our minds are conditioned to see
  • Practice, hard work, and passion
  • The metaphor of baseball, perception, belief, and behavior
  • Thinking your way to a change vs. acting your way to a change
  • Alan Watts, and the question of “What if money was no object?”

Listen to this episode:

Jump in!

—–

Check out this guest post by Robert Kramer on How our beliefs can affect our reactions to truth, facts, and lies.

Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Burns
Steve Burns

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of the top reviewers for books about trading and investing, having read and reviewed several hundred books.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Risk management
  • Position sizing
  • The magic of compounding
  • Why individual trades have very little meaning
  • Turning down the volume on your emotions in your trades
  • How your losses can be an education
  • Concept and theory with regard to trend following
  • Quantifying and capturing trends
  • “Just trading the numbers”
  • Greed and fear in the context of trends
  • The common attitudes and misconceptions of novice to trend following traders
  • Trading against the market vs. trading against yourself
  • Drawdowns, and the importance of studying the track records of the great traders
  • Entry and exit strategies
  • The importance of starting “right” in every enterprise
  • The curse of laziness
  • Ignoring the talking heads
  • Why you don’t need 20 screens on your desk to trade optimally
  • Cutting your losses
  • The 1% rule
  • Being blinded by the fundamentals
  • Why if you diversify, control your risk, and go with the trend, it just has to work
  • I.Q. vs. emotional intelligence (E.Q.)
  • Technology and long term trend following

Listen to this episode:

Jump in!

Ep. 137: Right and Wrong Answers with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Right and Wrong Answers with Michael Covel on Trend Following Radio
Right and Wrong Answers with Michael Covel on Trend Following Radio

Please enjoy my monologue Right & Wrong Answers 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.

Ep. 134: Brendan Moynihan Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Brendan Moynihan
Brendan Moynihan

My guest today is Brendan Moynihan, an editor-at-large for Bloomberg News, where he manages the popular column Chart of the Day and writes about the economy and Wall Street. He has been with the company since 2007 after spending more than twenty years on Wall Street as a trader and risk manager.

The topic is his book What I Learned Losing a Million Dollars.

In this episode of Trend Following Radio we discuss:

  • How Moynihan’s background, the background of his subject, Jim Paul, and how the two came together in “What I Learned Losing a Million Dollars”
  • The psychology of loss and what we can learn from losing
  • The idea that you “just have to make the money” and why that can be a bad place to start as a motivator
  • Personalizing loss
  • Paul’s interactions with Rich Dennis
  • Studying the contradictions of great traders, and how loss is the only topic they agree on
  • Controlling how much you can lose
  • Staying the course and the importance of not changing your strategy mid-stream
  • Profit motive vs. prophet motive
  • The difference between investors, traders, speculators, bettors, and gamblers
  • The slippery slope of always wanting to be “right”
  • The five stages of internal loss
  • The danger of personalizing your success
  • The difference between discrete events vs. continuous events
  • The “uncle” point
  • Why it’s important to go broke at least once in your life
  • The difference between emotions and emotionalism

Listen to this episode:

Jump in!

Ep. 126: James Altucher Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
James Altucher
James Altucher

My guest today is James Altucher, an American hedge-fund manager, author, podcaster, and entrepreneur who has founded and cofounded over 20 companies. He has published 20 books and is a contributor to publications including The Financial Times, The Wall Street Journal, TechCrunch, and The Huffington Post.

The topic is his book Choose Yourself!

In this episode of Trend Following Radio we discuss:

  • The new book and why all the rules we thought of as normal (“The banks will always finance my house”, “The stock market will always go up”, “The big corporations will always hire me”, “If I have a college degree, there will always be a job for me”) are imaginary
  • Why a good trader trades their own self first, and the importance of choosing yourself and making a consistent inner life
  • The need to become an entrepreneur and artist in today’s climate, and why you might be looking down the barrel of a career in temp staffing if you don’t
  • The collapse of the middle class and 9-5 “jobs” as we know them
  • The importance of doing the un-obvious
  • Why you’re only as valuable as your network
  • The need to exercise your idea muscle
  • Sunk costs and opportunity costs
  • Breaking the cycle of consumerism, buying memories and not buying objects
  • Commitment bias
  • Finding a career at 27, Stan Lee of Marvel Comics, endurance, and the importance of doing something for yourself today
  • David Gilmour of Fiji Water and the benefits of adventure
  • Medication, lifestyle choices, and the necessity of good sleep hygiene
  • The need to be an artist where your life is the canvas

Listen to this episode:

Jump in!

Ep. 121: Jason Russell Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jason Russell
Jason Russell

My guest today is Jason Russell, the President and CIO of Acorn Global Investments in Canada. Russell brings a unique perspective to the show with a very clear strategy on how his firm makes money for their clients.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Russell’s background and how he came to form Acorn Global Investments
  • Russell’s strategy for Acorn and “the baker analogy”
  • The idea of “winners stay, losers go”
  • Showing his investors every position that Russell has
  • How the terms “commodity trading adviser”, “trend follower”, “quantitative trading” don’t exactly describe what many traders do
  • Ed Seykota and the “trading tribe”
  • Letting go of “why” and simply riding out trends
  • Where strategies like Russell’s fit in the context of a portfolio
  • The importance of delivering uncorrelated results to the S&P 500
  • Drawdowns and the psychological effect of going through one alone, uncorrelated to other markets
  • How there’s nothing more important than risk management

Listen to this episode:

Jump in!

Ep. 120: J.P. Morgan with Michael Covel on Trend Following Radio

Posted on by Michael Covel
J.P. Morgan with Michael Covel on Trend Following Radio
J.P. Morgan with Michael Covel on Trend Following Radio

Please enjoy my monologue Taking, Not Trading 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.