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Tag: system

Ep 532: No Systematic Fear with Michael Covel on Trend Following Radio

Posted on by Michael Covel
No Systematic Fear with Michael Covel on Trend Following Radio
No Systematic Fear with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue No Systematic Fear 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:

  • Black box investing
  • Quantitative trading
  • Quants vs High frequency trading
  • Value based trading
  • Momentum trading
  • The dirty words of finance
  • Statistical arbitrage
  • Quant macro
  • Managed futures

“The hedge fund manager has to use what I call the dirty words of finance: Leverage, derivatives, and shorting.” – Cliff Asness

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Want to learn more Trend Following? Watch my video here.

Ep. 386: Expanding Your Thinking with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Expanding Your Thinking with Michael Covel on Trend Following Radio
Expanding Your Thinking with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Expanding Your Thinking 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:

  • Why embracing uncertainty pays big
  • Trend following: it’s human nature
  • Losses: acceptable when you strategize to cover them
  • The sunk cost fallacy
  • Opening your mind to alternative ways of thinking
  • The mistake of blindly accepting the word of “authorities”

“I remind you there is a new kind of special occupation. I refuse to call it a discipline or a field of study. It’s called futurism. The notion here is that there is a way to study trends and know what the future holds. That would indeed be valuable if it were possible. But it isn’t possible. Futurists don’t know any more about the future than you or I. Read their magazines from a couple years ago and you’ll see an endless parade of error.” – Michael Crichton

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Want to learn more Trend Following? Watch my video here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Ep. 383: Lawrence McMillan Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Lawrence McMillan
Lawrence McMillan

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My guest today is Lawrence McMillan of McMillan Analysis Corporation, perhaps best known as the author of Options As a Strategic Investment, the best-selling work on stock and index options strategies, which has sold over 300,000 copies. An active trader of his own account, he also manages option-oriented accounts for certain individuals.

The topic is his Market Commentary.

In this episode of Trend Following Radio we discuss:

  • American vs. European-style options
  • The logic behind VIX
  • Leverage as a tool
  • Understanding puts and calls
  • Long and short selling
  • Examining the subprime mortgage crisis of 2008

“I’m not counting on disaster. I don’t want there to be disaster. I don’t want my house to burn down, but I do want insurance in case it does. That’s our basic strategy.” – Lawrence McMillan

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Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Ep. 382: Dissecting Duplicity with Michael Covel on Trend Following Radio

Posted on by Michael Covel

Dissecting Duplicity with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Dissecting Duplicity 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:

  • Trend following: a system, not a theory
  • Opinions are worthless without strategy
  • The mainstream media’s continued attacks on trend following
  • No one knows the future – embrace the idea
  • Theories are conjecture
  • Focus on the now – that’s the indicator

“So there is a bubble element to what we see, but I’m not sure the current situation is a classic bubble, because I’m not certain that most people have extravagant expectations.” – Robert Shiller

Mentions & Resources:

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Systematic trend following exploits market moves without the noise of expectations and conventional wisdom.

Posted on by Michael Covel

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.

Expectation Understanding

Posted on by Michael Covel

An example from my book:

expectation

Think like that?

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 Trend Following Mindset

Posted on by Michael Covel

In the San Antonio Spurs’ locker room, there is a quotation on the wall from Jacob Riis:

“When nothing seems to help I go back and look at the stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before.”

Spot on trend following mindset.

Jacob Riis

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.