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Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.

Praise:

“Your questions were excellent questions. I enjoyed this very much.”

--Vernon Smith, Nobel Prize in Economics

“You’ve surrounded yourself with one of the most advanced group of mentors possible…The people on your podcasts, and people in your life, all are people with strong opinions, all people that make you think and make you grow. You just have some kind of an affinity for people like that, and that’s part of what makes you good at what you do.”

--Ed Seykota

“Michael Covel’s podcast has had over [9.5] million listeners and he’s completed [900+] episodes. He’s probably the most established podcaster on this list—and it shows. Mr. Covel’s podcast is great for those looking for alternative views on the market, those who are tired of hearing the same old stories told on CBNC and other traditional outlets. This is highly recommended if you are looking to expand your mind in investing. Mr. Covel has had some incredible guests, to include multiple Nobel Prize winners and world-famous investors. One of my favorite episodes was when Mr. Covel interviewed Annie Duke, a former professional poker player who has some incredible insights on decision making. Mr. Covel always has me thinking and Annie Duke only amplified my brain-wave activity.”

--Wall Street Journal

Dec 18, 2017

Cryptocurrency is sweeping the world. From taxi drivers to Instagram bikini models – everyone is talking about getting rich off it. Millions of people are willing to jump on board immediately–whether it’s a good or bad idea.

Building off that thought… Michael recently posted this question to listeners: “You have a trading strategy that you have tested over and over but you lose 5% the first year using it, what conclusions do you draw from that?” He reads feedback from listeners who are willing to throw their strategy away after having one down period. Warren Buffett, however, has famously said that if you cannot afford to lose 50% of your portfolio then you shouldn’t be trading – what do you think he would say about a mere 5%?

Michael finishes the podcast reaching back into his archives and pulling some trading rules from past trading legends. He calls this list his “43 Kickass Trading Rules for Bitcoin and Crypto Trading.”

In this episode of Trend Following Radio:

  • Bitcoin
  • Cryptocurrency
  • Volatility