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Michael Covel's Trend Following
Ep. 1324: Strange Days with Michael Covel on Trend Following Radio
Feb 3, 2025
Dive into the world of trading where luck plays a role, but cutting losses is key! Discover the importance of trend following as a practical investment strategy while embracing risks without outside opinions. Explore the impact of social media on education, creativity, and constructive interactions. Learn how a strong foundation can help navigate rapid societal changes, emphasizing clarity in identity. Finally, the value of mentorship shines through as a crucial element for self-improvement and active engagement in the pursuit of knowledge.
22:56
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Quick takeaways
- Identifying emerging opportunities before the crowd, rather than chasing popular trends, is essential for achieving sustainable success in investing.
- Persistently embracing trial-and-error while disregarding fear-based feedback is crucial for personal and entrepreneurial growth amidst challenges.
Deep dives
The Importance of Early Betting and Luck
To achieve significant success, whether in trading, investing, or personal endeavors, two strategies stand out: betting early before others notice or relying on luck. The podcast emphasizes that pursuing trends simply because they are popular often leads to failure, as true success comes from identifying opportunities ahead of the crowd. Chasing after what everyone else values can cloud judgment and prevent effective decision-making. Ultimately, while luck can play a role, having the foresight to act on emerging trends is crucial for long-term success.
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Listen to the best highlights from the podcasts you love and dive into the full episode