Trend Following With Michael Covel

My guest today is Brendan Moynihan, an editor-at-large for Bloomberg News, where he manages the popular column Chart of the Day and writes about the economy and Wall Street. He has been with the company since 2007 after spending more than twenty years on Wall Street as a trader and risk manager. The topic is his book What I Learned Losing a Million Dollars. In this episode of Trend Following Radio we discuss: How Moynihan's background, the background of his subject, Jim Paul, and how the two came together in "What I Learned Losing a Million Dollars" The psychology of loss and what we can learn from losing The idea that you "just have to make the money" and why that can be a bad place to start as a motivator Personalizing loss Paul's interactions with Rich Dennis Studying the contradictions of great traders, and how loss is the only topic they agree on Controlling how much you can lose Staying the course and the importance of not changing your strategy mid-stream Profit motive vs. prophet motive The differenc