Wed, 29 February 2012
Michael Covel interviews Charles Faulkner (a master Neuro-linguistic Programming practitioner, trader, author, and trainer). In this unique conversation, Charles and Michael discuss the topics of mental mapping, risk, expertise, the metaphor of trading to motorcycling, and how human nature and biology influence investment decisions. |
Thu, 23 February 2012
Michael Covel interviews Robert Pardo (of Pardo Capital Limited and author of The Evaluation and Optimization of Trading Strategies). Michael discusses with Bob some of his beginnings, his philosophies, and the idea of risk. Insights from a trader who has seen it all. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
Sat, 18 February 2012
Michael covers both the psychology and the systems side of things. First, Michael talks in depth about the writings of Seth Godin (author of Linchpin and a very quotable blog) and how his philosophy relates to the psychology of trend trading. Next, Michael talks about two new trend following systems with two very peculiar names: "Tyrannosaurus Rex" and "Triceratops". These systems are an addition to Michael's current teachings. He explains the new systems, where they get their names from, and the research involved in their creation. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
Thu, 16 February 2012
Why does Michael Covel exist? How did he become the person that famed trend trader Larry Hite called *the* point person for Trend Following Trading? Why is it important to dig for information, maintain skepticism, and question authority? Michael explains the how and why in an illuminating biographical segment. In the next segment, Michael asks: how can we get our freedom back? Why is fundamental analysis not the way to profit, and why is relying on the 24/7 news cycle and the world of information akin to being on a constant treadmill that leads to nowhere? The idea is freedom--both monetary and otherwise--and Michael explains how tethering ourselves to social media and the incessant flow of information can be a dangerous distraction in the search for this freedom. In a discussion of several news articles and a general analysis of the information that surrounds us every day, Michael asks, "how do we get our freedom back?" Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
Mon, 13 February 2012
Michael Covel interviews Michael Dever author of "Jackass Investing: Don't Do It: Profit From It." Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
Tue, 7 February 2012
Does it feel like 1999? Michael discusses an article he read which implies this, but was 1999 so bad? The NASDAQ doubled. It came down eventually, but if the trend was going up: who cares? If you followed the trends, you could have doubled your money. The problem is that when the bubble pops, people don't know when to get out. Michael discusses the importance of having an exit plan with both losers and gainers, and how we can potentially profit in a situation like 1999 by using trend following. Michael also gives his take on MF Global situation. In the following segment, talks about what motivates him to get the message of trend following out into the world. Discussion of nurture vs. nature, and how the TurtleTraders are a great illustration of this concept with regard to trading. Purposeful practice is key. Michael discusses how great traders are successful because of constant practice and devotion to their own rules and principles, rather than some sort of inborn ability. In the final segment, Michael discusses his recent radio interview with Jordan Kimmel. In the interview, Michael spoke about how it's impossible to define a trend until it's over; you can't pick bottoms, and you can't pick tops. It's impossible. However, as a trend follower, you can set your stops--both losing and winning. The important thing is not having a psychological tie to being "right" and making correct predictions. The important thing is to make money, and this is what trend following is concerned with. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
Fri, 3 February 2012
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. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/free.html. |
