Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of the top reviewers for books about trading and investing, having read and reviewed several hundred books.

The topic is trading.

In this episode of Trend Following Radio we 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.)
• Technology and long term trend following

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!