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Tag: fundamentals

All Michael Covel Podcast Episodes Since Inception

Posted on by Michael Covel
Michael Covel, Ed Seykota, Larry Hite
Michael Covel, Ed Seykota, Larry Hite

Listen to All Episodes:

001-099

100-199

200-299

300-399

400-499

500-599

600-699

700-799

800 +

The fastest way to listen to all of my podcast episodes. Straight to the source file. Easy as possible.

“Your questions were excellent questions. I enjoyed this very much.”
Vernon Smith, Nobel Prize in Economics

“You are an exceptional interviewer.”
Charles Faulkner, Market Wizard

“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, Market Wizard

The Show

Michael Covel is the voice behind Trend Following™ Radio. His podcast is the underground alternative hit that has ranked as high as #2 on iTunes investing channel (with 7M+ listens and counting).

Q: Michael, how did this podcast happen?
A: During the production of my film interview skills developed. And after my 4th book I decided on a whim to launch a trading podcast. It has gone far beyond trading to network TV-level-guest diversity. Nobel prize winners on my show? Never expected that, but I embrace it. Check out nice words from the Wall Street Journal:

“Michael Covel’s podcast has had over [7] million listeners and he’s completed [600+] 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.”

All reviews (PDF).

Listen Here

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More: iTunes, iHeartRadio, Stitcher, Google Play and RSS.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

No Fundamentals. Repeat, No Fundamentals

Posted on by Michael Covel

Always in the past, and always in the future, the gatekeepers of information will want investors to consider the yin and yang:

Funnymentals
Funnymentals

An understanding of that, a consideration of that, anything related to that–has zero to do with having the right entry, exit and position sizing rules.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

The Great Fundamentals Debate and Emotional Response

Posted on by Michael Covel
Emotional
Emotional Rescue 911

A recent email interchange:

Hello there Michael, I’m a 20 year old Swede who really likes trading, as well as your work. First of all I would like to thank you dearly for your great podcasts and books. It surely is an entire joy every Monday & Friday when a new podcast comes out. More important, it seems quite amazing that you share more or less all the fundamental views I hold toward the world. Actually, I, just like you, read Ayn Rand at an early age which changed me a lot. And finding you who preserves those views is fantastic! Since I respect you so much I would like to ask you some things about trading. Now, I know you are really in to the trend following path, and I agree on most part of your analysis towards it. However, I believe that the fundamentals sometimes can be really important as well. For instance, one strategy that has served me well has been to short gold whenever the market tends to believe 3-4 rate hikes is on the play, and then go long on gold whenever the market tends to believe the rate hikes is off the table. This of course is related to the gold being priced in USD and then obviously gains when the USD fall. Now that might not be a fundamental strategy but more of a “market sentiment orientated strategy…” However, I wonder, do you ever use any fundamental analysis or do you only use technical tools such as SMA & EMA? Least but last, I would like to ask you if it would be possible to hold an interview with someone from Zero Hedge?

“Sometimes”?

“Tends to believe”?

“Whenever”?

“On the play”?

Everything I just put in [bold] is guessing? No specificity? There are exact rules with precise numbers? Or just intuition or hunches? See the problems here?

Response:

I really don’t get why you need to be so mean? Just because you need to have an 100% absolute concrete trading strategy doesn’t mean that everything else sucks. It’s just pathetic to respond to me like that, so regarding my initial question, never fucking mind!

—

This interchange offers observers a great chance to go investigate the work of Daniel Kahneman. Read my Email Debate on Drawdowns.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Financial Predictions v. Weather Predictions

Posted on by Michael Covel
Cuter than CFAs
Cuter than CFAs

Feedback in:

Michael, I just wanted to take a moment to thank you for your work. I have read most of your books and they are exactly what I needed. You see I am a veteran of the brokerage business (30 Years) and I have always known intuitively that something about the entire business was, and is, a lie. Analysts have no skin in the game, management doesn’t care if you make money, it’s all about assets under management that’s why they will never say sell. “Just buy more.” You see I used to look at CFA’s as the smartest people in the room. Now I know that they are really just financial weathermen trying to predict the future. Something that can’t be done. I have adopted for my clients a simple trend following rules based strategy, and it amazes me how hard it is to change minds. It is so simple they somehow think it can’t work. But I will keep plugging away and I know you will to. The business needs to change even the other brokers in my office look at me like a freak when I tell them to stop listening to analyst’s and “stop buying stocks that are going down.” Old habits die very, very hard. Just wanted to say thanks.

Thanks!

Looks like this feedback was inspired by my recent interview here.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep 456: Josh Hawes Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Josh Hawes
Josh Hawes

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My guest today is Josh Hawes, the Risk Officer and Investment Manager of Hawking Alpha. He is a trend following trader now who started off at Goldman Sachs. Josh breaks apart the trading industry, highlighting many of the cons associated with the mutual fund space. Josh has always had a passion for math. He started looking at the performance of different funds within Goldman. As soon as he started to look at returns of some, he began to see a disconnect. They would judge themselves off “beating the index” but they were still losing massive amounts of money. They would also have access to CEO’s of top companies and still not be able to make money off of the information they would share. This is when he began to transition out of the company and turn to other forms of trading, not just long only.

The topic is Trend Following.

In this episode of Trend Following Radio:

  • Trading off fundamentals
  • Keeping up with the Jones’s
  • Smooth equity curve’s
  • Concept of an Index
  • Mutual fund industry
  • 10,000 hours
  • Arbitrage
  • High frequency trading

“Every trading system starts with an idea. The idea is a concept that describes some aspect of the way a particular market or all markets work.” – Hawking Alpha

Mentions & Resources:

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Ep. 452: The Seduction of Fundamentals with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The Seduction of Fundamentals with Michael Covel on Trend Following Radio
The Seduction of Fundamentals with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Engineering the Fundamentals with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Fundamentals
  • Valeant vs. Enron
  • The Deep State
  • Fixing the media
  • Trading off price

“You have to fight back with intelligence. You have to fight back with smarts. You have to fight back with a good strategy. You can’t just sit there and accept what the system gives you because the system is going to give you exactly what it wants to give you.” – Michael Covel

Mentions & Resources:

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Ep. 389: Joey Yap Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Joey Yap
Joey Yap

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Logic Over Faith with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Experts: get close to them and learn
  • You can’t predict the future, you can only see patterns
  • If you don’t like your destiny, go the other direction
  • Change your environment, change your life
  • Corporate culture: an energy determined by leaders
  • You don’t have to invent – fix something

“There are two kinds of people. People who make things complex, and people who simplify.” – Joey Yap

Mentions & Resources:

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