Author: Michael Covel

Feedback in:

Sir, Thanks so much for the Larry Hite interviews. All of them. I just keep listening to them over and over. Please pass on to Larry my thanks for him coming on and allowing you to interview him. I wish he was my teacher in college or in high school or was one of my first few bosses. He is just amazing. Does he realize how big a following he has?

Thanks again.

Jarrod P.

Welcome!

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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 extra interview with Larry Hite.

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:

My biggest challenges are the fact that I’m 59 and I’m just learning the market, and I’m an electrician so I have to work full time (I moved to afternoons so I can trade until 1:30 pm) but I’m close to having 25k in my trading account so after I get a couple of surgeries that I need (hernia and a clogged artery) I’d like to quit my job and trade full time.

Rob K.

Start here.

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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 Mike, I hope you are well. Thanks for this great interview. I just wanted to say in my humble opinion, the Larry Hite interview is probably your best interview by and far. I would love to hear more from Larry, he has a unique heart and he talks with no filters on. Just let him talk please as much as possible. I am keen to hear anything that he might say about life as well as trading. Also please ask his leverage ratio next time you speak, I think it is less than 3 to 1 per his book but just to clarify.

Best,
AD

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
• 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:

Michael, You probably remember that Hite was one of my inspirations for the position sizing work I did way back when. Brilliant in his simplicity. Complicated math is not necessary to get 95+% of the problem solved and he did that for sure. His stories are so different from anything in my life, I love hearing how someone else, who came up a bit before me, proceeded from place to place and try to imagine his world as he started out. Fascinating interview. Keep up the great work.

Thanks. He’s great!

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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:

My biggest challenge with trading is waiting too long to cut my losses on my bad investments. I look forward to learning more about trend following, to be honest, I have read your book and listened to a number of your podcasts, but I am still unable to give a short, comprehensive definition of trend following. One quick question, I have often heard it is good to be a contrarian investor and go against the crowd, is this the opposite of trend following?

Thanks again,
John A.

This is trend following:

• 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.

Also read.

Also see my FAQS.

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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

My guest today is Larry Hite, a hedge fund manager, who, along with those like Ed Seykota, is one of the forefathers of system trading. He has been profiled and recognized as one of the best in the industry in numerous major international publications. He co-founded Mint Investments in 1981. By 1990, Mint had become the largest Commodity Trading Advisor in the world in terms of assets under management. In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards to Hite’s trading and risk management philosophy.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• “Don’t bet your deli to win a pickle.”
• Crypto and trend following
• The asymmetric option of David Ricardo’s golden rules
• Buy, sell, and bet the correct way
• A system where you cut your losses and let your winners run on
• The historic trend following performance of 2022
• Larry’s dyslexia

Mentions & Resources:

• Larry Hite
• Market Wizards by Jack Schwager
• David Ricardo
• Jean-Philippe Bouchaud
• Warren Buffett
• Goldman Sachs
• Paul Tudor Jones

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!