24 min listen
Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio
Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio
ratings:
Length:
52 minutes
Released:
Jul 19, 2013
Format:
Podcast episode
Description
Michael Covel talks to author, blogger and trader Steve Burns. In his second visit to the podcast Burns and Covel discuss several famed trading quotes containing wisdom from Ed Seykota, Richard Dennis, Tom Willis, Jesse Livermore, Amos Hostetter, Ben Stein, Bertrand Russell, T. Boone Pickens, and Larry Hite. Covel and Burns 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.); and technology and long term trend following. Special Offer? Receive free DVD delivered to your home or office: www.trendfollowing.com/win.
Released:
Jul 19, 2013
Format:
Podcast episode
Titles in the series (100)
Ep. 10: Tom Basso Interview with Michael Covel on Trend Following Radio: Michael Covel interviews Thomas H. Basso, a trader who was called "Mr. Serenity" when he was profiled in Jack Schwager's "New Market Wizards". Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He... by Michael Covel's Trend Following