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The Psychology of Market Expression

A friend sent along these pictures (PDF) of market faces.

Isn’t it interesting how that is the image of moneymaking success turned to failure? The implication being that those people in the supposed right looking outfits with the right looking access–were surprised that it all fell apart.

I don’t know winners who look like that.

Winners understand that surprise happens and is to be embraced.


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Ignore Everybody (Except Covel!)

Source: gapingvoid.com.


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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.

The Alchemist: Skeptics Would Miss It Under Their Nose

Feedback in:

Hi Mike, my eyes have definitely been opened by your books, and lately listening to the podcasts as well… great interviews thanks!

This week I was listening to an audiobook of a classic novel “The Alchemist” by Paulo Coelho. It’s about a mentor relationship between an alchemist and a boy, but its really full of metaphors for lessons in life. It seems very appropriate to the philosophy behind trading, particularly having to constantly make many hard decisions just to follow a long term goal.

There was also passage which struck me as fitting to your general podcast sentiments. The two characters in the book are stopped and searched, and in the alchemist’s pockets they find a piece of the philosopher’s stone and some of the elixir of life. When asked the alchemist tells them exactly what they are, and that they can turn any metal into gold and make you life forever, and then they all just laugh as if he’s obviously joking. As they walk away the boy asks why he told them the truth. The alchemist replies, “It is often the case when you tell people the absolute truth they rarely believe you”.

Keep up the good work!

Cheers, Mike Blain

Great connection Mike. Thank you. EXACTLY the case for trend following skeptics.


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 Podcast Guests
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Research
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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.

All You Folks Who Still Get a Little Nervous at Hip Hop Success? Jay-Z Nails It.

From the news:

Jay-Z says Occupy Wall Street had a fatal flaw: Its 99 messages.

The legendary rapper, in a new interview, says he never threw his support behind the protest movement because he didn’t understand what it stood for.

“What’s the thing on the wall, what are you fighting for?” Jay-Z told The New York Times in a wide-ranging interview.

The Brooklyn-born hip-hop king said he made his feelings clear to Russell Simmons, who was a full-throated supporter of the Zuccotti Park demonstrators.

“I’m not going to a park and picnic — I have no idea what to do,” Jay-Z said, recalling a conversation with Simmons about joining the movement.

“I don’t know what the fight is about. What do we want? Do you know?”

Jay-Z, whose real name is Shawn Carter, transformed himself from a poverty-stricken crack dealer to a multimillionaire music mogul and co-owner of the Brooklyn Nets.

He said Occupy Wall Street’s blanket demonization of the rich is un-American.

“I think all those things need to really declare themselves a bit more clearly because when you just say that ‘the 1 percent is that,’ that’s not true,” he said.

“Yeah, the 1 percent that’s robbing people, and deceiving people, these fixed mortgages and all these things, and then taking their home away from them, that’s criminal, that’s bad.

“Not being an entrepreneur. This is free enterprise. This is what America is built on.”

Spot on.


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
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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. 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:

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Mark Douglas Spot On: In the Zone

Mark Douglas offered:

1. Anything can happen.
2. You don’t need to know what is going to happen in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over the other.
5. Every moment in the market is unique.


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.

I Love How Larry Hite Thinks

Had a chance to catch up with Larry Hite yesterday on the phone. A great line paraphrased from him during our call:

“[Some people] have a handicap–they are beautiful and smart (heavy on the sarcasm). How do they get around that? You need to always have an extra motivation–a real handicap even if imagined. You need it to do more, stand out more and be more creative.”

Always love to hear Larry think.


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.