Ep. 698: The Whipsaw Guy with Michael Covel on Trend Following Radio

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While off to a speaking event in Las Vegas Michael gives a new introduction to one of his all-time favorite episodes–trend following trader Ed Seykota’s second appearance. Originally profiled in the classic book ‘The Market Wizards’, Ed has played a pivotal role in the growth of trend following trading for over 40 years. Michael met Ed for the first time in 2002 on an island somewhere in the Caribbean and has kept in touch ever since. Today’s conversation breaks down into three parts: “Govopoly,” The Trading Tribe and trend following.

“Govopoly” is Ed’s most recent book and in it he sees the economy transforming from a free and open societal structure to a controlled structure. The Govopoly system is taking over. The solution is not about having another election or even trying to fix it. He see’s the government as something that will not change so the real question is, “What is the best way to cope and live with it?”

What is one strategy Ed uses to cope? The Trading Tribe is one outlet. The Trading Tribe is an association of people Ed formed to help bring traders together who commit to excellence, personal growth and supporting and receiving support from each other – on all aspects of life, not just trading. Members of the Trading Tribe rotate roles, becoming in turn senders and receivers for each other. Michael and Ed end the conversation with Ed sharing some early experiences he had with Richard Donchian and his solo time with mainframe testing some of the first trend systems via computer.

In this episode of Trend Following Radio:

  • The Trading Tribe
  • Trend following philosophy
  • Puzzles
  • Govopoly
  • Motivation

“Everyone gets what they want from the markets.” – Ed Seykota

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