Ep. 287: Toby Crabel Interview with Michael Covel on Trend Following Radio

Toby Crabel
Toby Crabel

Michael Covel speaks with Toby Crabel of Crabel Capital Management. Covel first reached out to Crabel, who is a short term systematic trader, in 2005. Crabel’s approach is very different from Covel’s, but there are some commonalities: price action driven, systems, models, risk management. But Crabel is working on a whole different time frame, turning his portfolio over typically in less than a day. Crabel, a former pro tennis player, has a philosophical nature and discusses how he executes these philosophies in the trading world. Crabel and Covel discuss Crabel’s history as a pro tennis player and the connection between tennis and the drive he has in the asset management field today; longevity and consistency in tennis and trading; where Crabel stands with the total number of systems he employs; the source of Crabel’s profits and the philosophy behind it; price action; winning and losing volatility; why Crabel needs price movement and volume; the idea of price shocks and the importance of being aware of them; the process of moving from high drawdowns to a much lower drawdown; the importance of diversity; early lightbulb moments that informed Crabel’s trading style; Crabel’s experience with Victor Niederhoffer; how the philosophy of Objectivism has informed Crabel’s life; the liquidity of futures markets; and the importance of persistence. For more information on Toby Crabel, visit crabel.com.

Go listen. You may also enjoy this post on Toby Crabel.

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