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Ep. 273: Rande Howell Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Power of Beliefs in Trading

In trading, you are learning to manage chaos. You're learning how to manage that probability and you're moving away from certainty. That's the place that it really requires some work because your body, after evolving for 50 million years to avoid uncertainty, is suddenly being asked to manage uncertainty. But it can be taught. Thank God, emotional intelligence is very learnable. Whereas cognitive IQ is pretty set. I like the panther though. That's a great example for people to just imagine the sitting and the waiting. It changes your life. A trader's mind is built, right? Yeah, it is built from the ground up. What I love about trading is that it has a truth

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