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Ep. 606: Jeff Bezos Is a Trend Follower with Michael Covel on Trend Following Radio

Jeff Bezos Trend Follower
Jeff Bezos Trend Follower

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Please enjoy my monologue Jeff Bezos Is a Trend Follower on Trend Following Radio. This episode may also include great outside guests from my archive.

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Should You Jump or Not? Some Good Thinking

Feedback in:

Hey Mike:

I’ve been trading on and off for about 20 years but I finally have created a fully back tested system that I’m really happy with. I’m thinking of becoming a full-time trader and quitting my job to be fully focused on getting consistently competent. As my system only works on daily price I only really need about 30 minutes a day to execute my scan and trade. I’m thinking of getting a part-time but I’m worried that this will take from my focus. Before I had my current job for the past year I was self employed in retail and hospitality for 15 years so I have an understanding of being an entrepreneur however I feel that having these businesses and trading at the same time is the reason I haven’t been able to get it right.

Would love your thoughts.

Cheers
[Name]

Asking if you should jump or not?

Read:

Or this by me:

Enjoy!


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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. 520: Take the Lid Off with Michael Covel on Trend Following Radio

Take the Lid Off with Michael Covel on Trend Following Radio
Take the Lid Off with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Take the Lid Off 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:

  • Political correctness
  • Curiosity
  • Living in the moment of now

Mentions & Resources:

Listen to this episode:

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

“Given that you’re taking a risk, what kind are you up for?”

Great post by Seth Godin:

Here’s an interesting choice that most people leave unmade:

How comfortable are you engaging in projects where there’s a likelihood that you’ll lose by just a hair?

What makes a project worthwhile and interesting is that it might not work. All the this-is-sure-to-work projects are taken.

Given that you’re taking a risk, what kind are you up for?

Are you seeking out areas where there’s no competition, true longshots where few people see you fail?

Or are you okay with the daring near misses?

That’s the trend following ethos too.

Risk
Risk

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.

If Not Now, When?

From Seth Godin:

Care a little more.

Show up.

Embrace possibility.

Tell the truth.

Dive deeper.

Seek the truth behind the story.

Ask the difficult question.

Lend a hand.

Dance with fear.

Play the long game.

Say ‘no’ to hate.

Look for opportunities, especially when it seems like there aren’t any left.

Risk a bigger dream.

Take care of the little guy.

Offer a personal insight.

Build something magical.

Keep your promises.

Do work that matters.

Expect more.

Sign your work.

Be generous for no reason.

Give the benefit of the doubt.

Develop empathy.

Make your mom proud.

Take responsibility.

Give credit.

Play by a better set of rules.

Choose your customers.

Choose your reputation.

Choose your future.

Thank the ref.

Reward patience.

Leap.

Breathe.

Because we can.

It really is up to us. Which is great, because we’re capable of changing everything if we choose.

All we can do is all we can do, but maybe, all we can do is enough.

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
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.

For those unwilling to think deeply…

Great lines from Seth Godin:

You might not be willing to devote the time and energy to understand how electricity actually works, or the mechanisms of your democracy, or the insights behind irrational decision making. More likely, you don’t want to expend the emotional labor to push through feeling dumb as you dig deep on your way to getting smart.

That’s always been an option. You can just use the tool without understanding it, copy the leader without realizing where she’s going, follow instructions without questioning them.

You can choose to be a cog in a machine you don’t understand.

If that’s working for you, no need to change it.

It made me ponder: trust the Fed, trust buy and hold, etc. If it’s working for you, no need to change it.

Tails
Tails

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.

Job Seekers: Read Seth Godin’s Linchpin

Feedback in:

Mr. Covel,

First let me just acknowledge I know you instructed me to do more than just email you regarding a research assistant job that requires relocation to Asia and I fully intend to pursue other contact avenues, but I wanted to put something down as a primer for you as I pursue you via phone, etc. I’m also aware that you mentioned this in a podcast from February of 2014, but I’m still so struck with the opportunity and your books that I had to write and hope a position of some kind is still available or something can be worked out between us if you feel I’m a fit.

My background: I’ve been a big fan of your work since reading The Little Book of Trading last summer. I came to find you from watching a [name] DVD of a seminar you spoke at and while I almost immediately dropped [other style], I pursued trend following education immediately. I looked into Ed Seykota’s trading tribe and you’re right. I felt like Yoda was talking at a level far beyond mere markets, but it was something David Harding said about having come up in the business by spending hours hand charting that set me to work drawing market after market and time frame after time frame. This has been a huge help. I’ve since read all of your books and the independent thinker in me is totally taken with the approach. I agree with your opinion about the future state of our workforce being arbitraged away by the internet and technology and I’m doing everything under my power to educate myself.

I would be completely exhilarated to work with you on this research project and also excited to relocate to Asia. I’ve spent the last three and a half years living in NYC, studying market s all day, hand charting and reading everything I can. Previous to this I worked in the entertainment business as I Creative Executive for a film director (hugely research intensive) as well as a writer. Then I got hooked on markets. I took the route with [firm name], spending a lot of money and again, trying to be a daytrader as I erroneously assumed this was the way to riches. I read all the standard books and tried method after method. I was hooked because I’ve always been an individualist and I wanted to carve out my future through my own sweat. I’m now finally cured of this daytrading fever, and the Managed Futures/Quant/Macro Funds are my model of ideal approach to trading, thanks to your work.

Incidentally, I’ve been looking often on over the last six months to find a way to relocate internationally and find something to do to support myself while studying markets, so the opportunity to work with the guy who has sat down with the best of the best and created his own ingenious niche in this business seems like fate. Do please consider me as a candidate, I’m hardworking, endlessly curious and ready for adventure. As I said, I will be pursuing you via phone and other avenues ASAP. Just for reference my cell phone is [#]. I look forward to talking.

Best regards,
[Name]

Thanks for your interest and the feedback.

Note: For everyone on the job pursuit path consider here.


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.