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Ep. 1078: Bill Dreiss Interview with Michael Covel on Trend Following Radio

Bill Dreiss
Bill Dreiss

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My guest today is Bill Dreiss, a scientist and a seasoned trading veteran with a multi-decade trading track record. He graduated from MIT with a degree in Electrical Engineering. After obtaining an MBA from Harvard, Dreiss worked at a think tank in the late 1960s. Dreiss is a systematic trend follower and uses his own proprietary methodologies, the Fractal Wave Algorithm (FWA) and the Choppiness Index (CI).

The topic is trend following.

In this episode of Trend Following Radio we discuss:

  • Benoit Mandelbrot
  • Donchian strategy
  • Daniel Kahneman
  • Mental benefits of surfing
  • Geometrical aspect of traditional technical analysis
  • Fractal Wave Algorithm (FWA)
  • Bayesian decision theory
  • Fundamental characteristics of human psychology and economics

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“I’m about to buy your book to learn what it is all about but before I do…”

Feedback in:

I’m interested in learning trend following but have a question. I’m about to buy your book to learn what it is all about but before I do, I need to know if it will work for me. I’m 52 yrs old (FYI started sipping whiskey around 47) and made a ton of bad decisions in life, a lot of catching up. In 2018 I opened a robinhood account and started trading beaten-down stocks like junior miners and energy with spare change and returnable cans/bottles to fund it. Since then I’ve switched it over to TD America trade account. I’ve sold off some of the stocks, and have roughly 2k to work with right now. Still holding the energy stocks and beverage stocks I have. Can I trade trend following with 2k or do I need to continue growing my account before I can follow this strategy? I love listening to your podcast, keeps me rolling through the day while working. Thank you for your time. Steven S.

More on capital.


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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.

“I have often traded by putting all my eggs in one basket and based my decisions off of rumors…”

Feedback in:

Hi Michael, Biggest challenge, I do not follow any rules, no structure or foundation. I have often traded by putting all my eggs in one basket and based my decisions off of rumors, “a friend of a friend told me about this stock, it’s gonna go big!”. There have been a few occasions where it has gone big and I have seen a lot of paper money in my account, in one case $250K, only to not sell and watch it dwindle all the way down to my original 15K investment, and then below that! I thought it was going to go much higher. I have lost a lot of money in the market and it is frustrating! I am tired of losing. By the way, I am obsessive, compulsive, impulsive, and a recovering alcoholic. I can obsess about anything. Not too long ago I was obsessed with the news. I am the director of a research clinic in CA, ran all the vaccine trials, saw all the lies out there from supposed “trusted institutions”, and it practically drove me to the looney bin, no joke. I hit a bottom emotionally right in front of my children and when that happened I knew it was time to dig myself out. Feeling better than I have ever felt now and only because of the actions I take each day. When I use my powers of obsession for good, I thrive. I plan on obsessing about Trend Following because I want my 2 little boys, my wife, myself, and my family to thrive. I am a winner, always have been, just been tricked by external forces. Sorry, more than you wanted I am sure. Chris K.

Start here. The opportunity is there.


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.

“Who could have predicted all this would be happening…”

Feedback in:

Michael, I’m a client (from about 2008 or so) and I emailed you a few weeks ago regarding the Paul T. Jones quote. One of your favorites, Joe Kernen, had this gem on Squawk Box this morning: “Who could have predicted all this would be happening?” (5/19, 7:16 am CST) I thought of your comments about CNBC being “noise.” Interesting comment for a program (and station) that spends nearly all of its time trying to predict. Thanks for your work in trend following.

Andy R.

Thanks for the support!


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. 1077: Inspiration from Three Bright Minds with Michael Covel on Trend Following Radio

Episode 1077
Episode 1077

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Please enjoy my monologue Inspiration from Three Bright Minds with Michael Covel on Trend Following Radio.

Listen to this episode:

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

“I have listened to shit loads of your episodes and it’s a weekly thing for me…”

Feedback in:

I really enjoy your podcast. I listened to Trend following on Audible and the excerpt at the end, your interview with Tom Basso, that’s when I was first directed to the podcast. That was at least 3 years ago. Since then I have listened to shit loads of your episodes and it’s a weekly thing for me now. I’ve also bought a fair amount of books from those you have interviewed. Long story short, I just want to say thanks.

That’s all really.

Regards,
Paul

Thanks!


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. 1076: Michael Meyer Interview with Michael Covel on Trend Following Radio

Michael Meyer
Michael Meyer

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My guest today is Michael Meyer. He took a wide route to the story of Benjamin Franklin’s remarkable afterlife, starting when Meyer was sent to China as one of its first Peace Corps volunteers. Beginning with The Last Days of Old Beijing, he authored three critically-acclaimed reported books set there, as well as numerous stories that appeared in The New York Times, The Wall Street Journal, The Financial Times, Time, Smithsonian, and on This American Life. A Guggenheim Fellow and Whiting Award winner, Meyer has also received fellowships from the National Endowment for the Humanities, the New York Public Library’s Cullman Center for Scholars and Writers, MacDowell, and the Rockefeller Foundation’s Bellagio Center in Italy.

The topic is his book Benjamin Franklin’s Last Bet.

In this episode of Trend Following Radio we discuss:

  • The incredible story of Benjamin Franklin’s parting gift to the working-class people of Boston and Philadelphia—a deathbed wager that captures the Founder’s American Dream and his lessons for our current, conflicted age.

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