Subscribe now and watch my free trend following VIDEO.

Author: Michael Covel

Author of Trend Following and TurtleTrader.

Ken Tropin: Robust Trading Systems

Posted on by Michael Covel

A very successful trend follower (Ken Tropin) offered:

“In order for a system to be successful, it has to be what I call robust. Robust means that I can test that system in a market I designed it around. Say I’m using it in the treasury bonds, and then if I switch that market and I try that system in the Euro, it still works. And if I change its parameters, it still works. And if I switch it over to corn — something totally different than treasury bonds — it still works. And if I look at some data that was out of sample from what I designed it around, it still works. Then I have something that might be interesting and have a chance of living in the future. Because the nature of data is it changes a little all the time. And so the key to success in systems trading is to have what I call a loose fitting suit. I can’t have a suit that’s so tight and perfectly proportioned to me that if I gain two pounds, it won’t fit the data anymore.”

Indeed.

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. 613: Matt Smith Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Matt Smith
Matt Smith

Subscribe to Trend Following Radio on iTunes

My guest today is Matt Smith, the CEO of Royalty Exchange, an online rights platform where users sell portions of their royalty income and investors bid on it. The primary goal of Royalty Exchange is to make royalty streams investable. They have held over 200 auctions in the last 18 months where artists and investors interact in the buying and selling of royalties. Recently Matt launched a sister company Royalty Flow–created to purchase larger royalty streams and get more investors involved.

The topic is Royalty Exchange.

In this episode of Trend Following Radio we discuss:

  • Streaming music
  • Music royalties
  • ICO’s
  • SEC regulations
  • Sesame Street royalties
  • Eminem royalties

“There should be consequences for poor decisions. That’s called life.” – Matt Smith

Mentions & Resources:

Listen to this episode:

Jump in!

Ep. 612: A Troll Attacks with Michael Covel on Trend Following Radio

Posted on by Michael Covel
A Troll Attacks with Michael Covel
A Troll Attacks with Michael Covel

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue A Troll Attacks with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Trend Following 5th Edition
  • Dogmatic
  • Trend following performance
  • How to filter trolls
  • Sock puppets
  • Sorting the real from the fake

Mentions & Resources:

Listen to this episode:

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

Everybody’s Doing It: Short Volatility Strategies and Shadow Financial Insurers by Vineer Bhansali and Larry Harris

Posted on by Michael Covel

Vineer Bhansali alerted me to Everybody’s Doing It: Short Volatility Strategies and Shadow Financial Insurers.

Abstract: The extraordinary growth of short volatility strategies creates risks that may trigger the next serious market crash. A low yield, low volatility environment has drawn various market participants into essentially similar short volatility-contingent strategies with a common non-linear risk factor. We discuss these strategies, their commonalities, and the generally unrecognized risks that they would pose if everyone unwinds simultaneously. Volatility selling investors essentially provide “shadow financial insurance.” Market participants and regulators would benefit from preparing for large, self-reinforcing technical unwinds that may occur when central banks change policy or when macro or political events affect investor confidence.

Authors: Vineer Bhansali and Larry Harris.

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.

“I can’t decide whether I love your books or podcast more…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I have been trading commodity futures since 1996 on and off and credit you as the source of the vast majority of my market knowledge over the years. Thank you for all your work. (I can’t decide whether I love your books or the podcasts more.)

I have attached an article on the craziness of market predictions that appeared in “The Australian” newspaper only today [Wall Street got its 2017 market predictions wrong; Nov. 24, 2017], just in case you haven’t seen it. How can almost an entire industry be built on the idea that human beings can predict the future?

Keep up the great work!

Kind regards,
[Name]

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. 611: Michael Gervais Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Michael Gervais
Michael Gervais

Subscribe to Trend Following Radio on iTunes

My guest today is Michael Gervais, a high performance psychologist. He works with top performers to train and implement skills necessary to pursuing and revealing one’s maximum potential. His clients include world record holders, Olympians, internationally acclaimed artists and musicians, MVPs from every major sport and Fortune 100 CEOs. He is also co-founder of Compete to Create. Part of Michael’s training is helping clients realize there are things we are in control of and things we are not in control of – therefore focus on what you can control. We can train our bodies, our craft and mind. Michael teaches clients through science based research that refining all three of these areas are essential to becoming successful.

The topic is psychology.

In this episode of Trend Following Radio we discuss:

  • Living in the present moment
  • Mindfulness
  • High performance training
  • Grit

“The natural state of our mind is like a drunk monkey.” – Michael Gervais

Mentions & Resources:

Listen to this episode:

Jump in!

Efficiency v. Behavior: Philosophy Before Execution

Posted on by Michael Covel

Five new resources to consider:

Feedback?

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.