Author: Michael Covel

Feedback in:

Hey Michael,

Thought I’d drop you a quick note to say thank you for all your content over the years.

I have, I think, listened to every single one of your podcasts! You bring such a range of people on so it’s great, and one of my favorites is when the guy cut you off because you challenged him too much in the end, gave me a good chuckle out loud. It was very interesting to listen as it happened, it escalated so quickly and then he cut the conversation in the end I think.

Anyway, keep up the amazing work you do.

The biggest challenge I have faced in trading is making sure I keep the small bets rolling through, making risk management a top priority, and not betting the farm so to speak on the latest and greatest. I let myself get into the nitty-gritty of the latest, but I let price do the job it is there to do and filter out what is working and what is not.

Price rules and everything else is entertainment.

Once again, a big thanks of gratitude for all the content you have produced over the years. I think the first book I read of yours was the way of the Turtle that my manager left on my desk one day, and the rest is history from that day on.

Rob E.

Nice story and thanks!

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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
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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.

Subscribe to Trend Following Radio on iTunes

My guest today is Mark Rzepczynski. Prior to co-founding AMPHI, Mark was the CEO of the fund group at FourWinds Capital Mgmt. Mark was also President and CIO at John W. Henry & Co., an iconic Commodity Trading Advisor. Mark has headed fixed income research at Fidelity Management and Research, served as the senior economist for the CME, and as a finance professor at the University of Houston Baer School of Business.

The topics are Trading, Economics and Trend Following.

In this episode of Trend Following Radio we discuss:

• How to build a strong trading career
• How does inflation cause distortions
• Inflation in financial markets
• Leverage and portfolio management
• How the FED would protect the stock market
• VUCA: Volatility, Uncertainty, Complexity and Ambiguity
• Accuracy from a trend following perspective

Mentions & Resources:

• Mark Rzepczynski 
• Rudi Dornbusch
• Gerd Gigerenzer
• Gary Klein
• Paul Volcker

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hello Michael, First of all, really nice video of yours! Concerning your “What is your biggest challenge you have faced with your Trading?”: What kind of diversification (how many markets and assets?) would be preferable to make a trend Following (TF) system work if you have little cash (let’s say $20 thousand US dollars) and operate in an Emerging Market (I live in Brazil)?

Best regards,
G.

First you need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Read also: www.trendfollowing.com/capital

And: www.trendfollowing.com/markets

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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.

Feedback in:

Hello Michael, I just have a quick question for you. I understand trend following is ideal for longer term investments, but can it be scaled to use in short time frames suitable for day trading?

Andrew T.

Trend following is not day trading.

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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue A Share with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

Michael, Do you know of any good research or discussion / interviews about whether to trim or sell all? It seems the answer depends on 1) your conviction in your trend signal 2) willingness to look different and 3) desired level of protection. 100% long or 100% cash, up or down, buy or sell, makes sense to me. Across many assets, of course. Yes, whipsaws hurt a bit more that way, but so what. Trimming to say 50% seems chicken-shit and too concerned about career risk, looking different than the benchmark. Yes? Let’s say we break down the global stock market into 10 pieces. It doesn’t matter how, could use sectors, could use US/INTL, could use Growth/Value, whatever. But they all add up to “global stock market”, my bogey or benchmark. Then, for simplicity, let’s say they’re 10% each (they wouldn’t be, but.). Do we trade 0% to 10% in each one? 5% to 10% in each one? If ALL were in downtrends, could have 100% cash (so what, right?).

Thanks,
Chris R.

You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

That is a start to solving your issues. You will also need to get beyond stocks alone.

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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.

Feedback in:

To answer your question, my biggest challenge is to find the bottom of the current bear market.

Regards,
Tamas

No one has that ability. Trend following doesn’t do that.

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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.