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Author: Michael Covel

Author of Trend Following and TurtleTrader.

Ep. 164: Richard Noble Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Richard Noble
Richard Noble

My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which holds the current land speed record, set at Black Rock Desert, Nevada in 1997.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • What 600 MPH feels like to someone who has never been there before
  • The mental processes when you’re going at high speeds
  • Process vs. outcome
  • The danger of emotional highs
  • Noble’s entrepreneurial spirit
  • How Noble got the desire for the land-speed record at the age of six
  • Whether Noble views his endeavors as “life threatening”
  • The idea of “higher risk” in life and society today
  • The importance of taking risks
  • The idea of developing a “risk culture”
  • Motivating people to come over to your own perspective
  • The difficulties Noble experienced with British culture, the media, and with big companies
  • The parallel experiences Covel and Noble have had on the web
  • Where Noble stands on breaking the 1000 MPH barrier right now

Listen to this episode:

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richard noble

More awesome Noble pictures: 1, 2, 3, 4.

Ep. 163: Inequality Debate with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Inequality Debate with Michael Covel on Trend Following Radio
Inequality Debate with Michael Covel on Trend Following Radio

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

Listen to this episode:

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

Ep. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.

The topic is personal investments.

In this episode of Trend Following Radio we discuss:

  • What an RIA does for the average investor
  • The difference between trend following fund managers and the RIA world
  • The difference between hiring Merrill Lynch and hiring an independent RIA
  • Fiduciary suitability
  • Black swan protection
  • Benchmark issues
  • Warren Buffett declaring The Fed as history’s greatest hedge fund
  • How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
  • The disingenuousness of focusing only on the benefits, and failing to see the risks
  • Why some might say it “feels like 1999” today

h2 style=”text-align: left;”>Listen to this episode:

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Who Makes the Sausage? Ryan Vlastelica!

Posted on by Michael Covel

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Ever stop for a second to observe who makes the sausage? A headline written today by Reuters Ryan Vlastelica:

“NEW YORK (Reuters) – As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline.”

That background of course allowed him to make a prediction of a major stock market decline.

Party on Garth.

Note: If you happen to be a much larger player in the media that immediately thinks I am unfairly picking on a young reporter — I could care less. The financial media matrix is gross from top to bottom. Plus, I pick on the top too.

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.

No Desperation

Posted on by Michael Covel

Feedback:

Good Day Michael, I received your letter and DVD and am really interested in learning the techniques of trend trading. I have lost a large number of money using Futures and CFD trading platforms in South Africa. Only to uncover that the company whom I used to trade with was actually ripping me off, they use internal stop loss hunting systems and internal trading desks basically to defraud unknowing small traders like myself. I reported them to the Financial services board in South Africa and the case is currently under investigation. So to say the least I am very skeptical about trading again due to the large amount of Rands I have lost. I guess part of the reason I lost the funds was a mixture of greed, fear and ignorance. Not that I am wealthy to say the least I used my investment savings payout of 10 years, as I thought I could fast track my pension savings. Now I am self-employed and do not have any real spare cash to play around with and risk losing again. I do however feel positive after reviewing your website and in Rand terms the investment required to sign-up is quite significant for someone who has 3 small kids and a wife to support and who is self-employed. But I am prepared to take a calculated risk this time and educate myself first with a winning system, but also I need to know that the trading platform that will be used is not stacked against me the trader and it appears as your is actually stacked in favor of the trader. I hope your special offer can make it affordable or maybe you have a special payment plan option that can make it affordable to become one of the students of the process. I hope to hear from you soon.

Trend following trading is not something that relies on a broker or some other financial shark. It is based on price movements and philosophically on your entrepreneurial desire. It is a trading style that can put the odds on your side. However, no one should make any investment or start any investment research with desperate money. However, if you know your risks–no one should tell you to stop moving ahead.

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.

Government, Markets and Media Propaganda

Posted on by Michael Covel

Feedback from Australia:

G’day Michael, I have recently discovered your podcasts, am awaiting your DVD, have signed up to your e-mailing list and have just brought one of your books. I’ve already had one of those ” ah-ha” moments, whilst listening to a podcast, and can’t wait now to sink my teeth into one of your books. Thought you might find this next bit amusing, we’ve just had the election here in Australia, and have a guess what all the media outlets are blaming for the so called “sharp rise” in the market. Of course you got it right, a change in Government. Gee haven’t heard that one before! Thought you might like the giggle factor in that one. Thanks again for helping me in gaining the momentum to get the education I’ve been looking for. Much appreciated.

Kind Regards,
Guy

Thanks Guy!

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. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Michael Konik
Michael Konik

My guest today is Michael Konik, the author of many books of fiction, non-fiction, and essays. Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts.

The topic is his book The Smart Money: How the World’s Best Sports Bettors Beat the Bookies Out of Millions.

In this episode of Trend Following Radio we discuss:

  • Similarities between Konik’s world and the Turtle story
  • Konik’s background and how he came into this world of rule-based betting
  • Some of the stories about “Big Daddy” Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik’s book and the most successful sports wagerer in the world
  • Position limits
  • Konik’s theater background and how it tied in to the experiment
  • Sports betting technique, the line, the Kelly Criteria, and “Big Daddy’s” own line
  • The “brain trust” and how “Big Daddy” led his operation
  • Point spreads
  • Looking for value rather than a favorite home team
  • The importance of a dispassionate outlook
  • The importance of knowing why you place a bet or trade
  • How the brain trust came up with a line better than the other lines out there
  • The importance of injuries in sports betting

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