Author: Michael Covel

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Most difficult thing is understanding why a trend following system that never loses money in any year over its last 20, averaged 100% compounded, and largest drawdown was 3 months and below 40% and always rebounded to more than regain losses within 6 months. Why did my trader immediately enter a 4 month drawdown followed by complete destruction of over -95% wiping out my account. So how to prevent stupid losses when traders know system has stopped working? Why should I trust anyone?

No trend following strategy has made money every year over the last 20. None makes 100% compounded. So why did someone blow your account out? Who knows, but it wasn’t trend following. Sounds like options selling. That makes money all the time then one moment you are dead.

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 The Trend Following Mindset with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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.

Food for thought:

• Defense Wins Championships
• What Today’s Trend Following Sell Signal Implies For The Months Ahead
• Commentary: The best tool for understanding the market and Trump
• Warren Buffett on why bubbles happen: People see neighbors ‘dumber than they are’ getting rich
• I’m a Millennial and I Don’t Understand My Peers — Not Even a Little Bit
• Why Understanding Causality is So Difficult
• Don’t Let the Incitement Industry Ruin Your Retirement
• More Evidence Active Management Won’t Outperform in Volatile Markets
• The Wall Street Math Hustle
• (When) Will CFP Certification Ever Become A Licensing Requirement Like The CPA?
• If what you’re doing isn’t working
• Give Gig Economy Workers Equity? The S.E.C. Is Considering It
• Google Plans Large New York City Expansion
• On Writing Better: Getting Started
• Twelve Investment Contradictions
• Should investors diversify away from America?
• ‘Nothing on this page is real’: How lies become truth in online America
• Finra Arbitrators Let Thousands of Brokers Purge Infraction Records
• Scott Adams Discusses Syndication and the Media
• The Merchandising of Virtue
• Signal to noise ratio
• Upside Earnings Surprises Have a Downside
• The SEC cracks down on two ICOs, creating a template for future enforcement
• Quantifying Timing Luck

Enjoy.

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 Bradley Hope, a finance and malfeasance reporter for the Wall Street Journal and his latest book is “Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World.” Bradley is a Pulitzer finalist and winner of the Gerald Loeb Award for international reporting and the TRACE International Award for Investigative Reporting.

The topic is his book Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World.

In this episode of Trend Following Radio we discuss:

• The Wolf of Wall Street
• Sovereign wealth funds
• Money laundering
• Goldman Sachs
• Banking compliance

Mentions & Resources:

• Bradley Hope
• Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
• Jho Low
• @bradleyhope

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!

Subscribe to Trend Following Radio on iTunes

My guest today is Daniel Peris, a portfolio manager at Federated Investors. Before transitioning into asset management, Peris was a historian focused on modern Russian history, but now self identifies as a business investor. Daniel has strong views on economic practices like the efficient market hypothesis (Eugene Fama) and modern portfolio theory.

The topic is his book Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio.

In this episode of Trend Following Radio we discuss:

• Modern portfolio theory
• Efficient market hypothesis
• Value investing
• Momentum investing
• Diversification
• Portfolio selection
• Defining risk

Mentions & Resources:

• Daniel Peris
• Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio
• Federated Investors
• Harry Markowitz
• William Sharpe
• Eugene Fama
• @HistoryInvestor

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!

Subscribe to Trend Following Radio on iTunes

My guest today is Peter Boettke, an economist of the Austrian School. He is currently an economics and philosophy professor at George Mason University; the BB&T Professor for the Study of Capitalism, Vice President for Research, and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at GMU.

The topic is his book F. A. Hayek: Economics, Political Economy and Social Philosophy (Great Thinkers in Economics).

In this episode of Trend Following Radio we discuss:

• Trade deficits
• Trump politics
• Politics in the marketplace
• Zero sum game
• Jeff Bezos and rent seeking
• The market for privileges
• Merchant class mentality

Mentions & Resources:

• Peter Boettke
• F. A. Hayek: Economics, Political Economy and Social Philosophy (Great Thinkers in Economics)
• George Mason University
• @PeterBoettke

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 Mr. Covel,

I am a big fan of your podcast, and I would like to thank you for spreading so much amazing information for free! You have inspired me to take a new step in my investing career, moving into trend following, with a completely different perspective of what I’ve been taught (BUY AND HOLD).

I hope you will send me your recommended steps to take into this new world of investing, and I must add that I have been deeply impacted by long-term investing – Warren Buffet/Charlie Munger style investing for the last year, but somehow your approach just resonates much better with me.

Thank you so much and best regards from Norway.

[Name]

Welcome!

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.