Episode 3: Trend Following Manifesto with Michael Covel

Michael expands on the "Quick Commandments" set forth in his book, Trend Commandments. Topics include the importance of setting rules and systems for yourself with entry and stop points; maintaining a positive attitude, open mind, and zen-like approach in how you treat your investments; and the importance of maintaining a healthy skepticism of self-proclaimed "investment experts". Next, Michael discusses his views on Thomas Friedman's The World is Flat. As a trend follower, why the "the world is flat" is a great concept: You only need the price to enter into a market regardless of how much you know about it. Trend following gives you the opportunity to participate in whatever opportunity comes along. In the final segment, Michael expounds upon the precarious source of financial information in the media - we're all in "The Truman Show". Michael discusses the importance of placing your trust in the objective facts rather than media hysteria, and how trend following trading reinforces this concept.