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Author: Michael Covel

Author of Trend Following and TurtleTrader.

Flight Plans with Trend Follower Kevin Bruce; No Battlestar Galactica Screens Needed

Posted on by Michael Covel

Trend follower Kevin Bruce once had the opportunity to go to New York and see one of the major brokerage firms’ trading floors. He found it like Battlestar Galactica, with more screens and lights than you could imagine. He decided: “I couldn’t think in this environment.” You can never make decisions when the market is open; everything is like a flight plan, it’s got to be pre-planned. Trying to make decisions when the market is open is going to lead to emotional decisions. Everything must be thought out ahead of time. Know what you are going to do if it goes up, if it goes down, and if it doesn’t do anything. When all that is figured out, you put your system on autopilot. It almost sounds too simple, but that’s the way you need to do it, and that’s why you don’t need to stress out about anybody’s opinion.

More? See: The Little Book of Trading.

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.

“Covel, Why Are You Not on CNBC All of the Time?”

Posted on by Michael Covel

Seth Godin writes:

Media volatility makes more people and more ideas famous for ever shorter periods of time. What the fine art market shows us, though, is that real value isn’t created by this volatile fame. Consistently showing up on the radar of the right audience is more highly prized than reaching the masses, once then done. This works for every career, even if you’ve never touched a brush.

My work, my creativity, my thought–is driven around reaching the right people–not necessarily the masses.

Think about what drives the masses.

But: “Covel, Why Are You Not on CNBC All of the Time?”

Answer.

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.

Martin Klitzner of Sunrise Capital: In Memoriam

Posted on by Michael Covel

In putting together my book The Little Book of Trading I had the opportunity to talk with most of the office at Sunrise Capital. Marty Klitzner was one of the first people I met with there. He was President of Sunrise. From my perspective one of his roles was clearly as gatekeeper and I later learned that he was a good deal of the business success behind the firm. Unfortunately, Marty passed away on April 14, 2012 in Del Mar, CA.

I remain always thankful that men such as Marty, men with decades of trend following experience, would give me their time and knowledge.

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.

Risk, Volatility and Returns

Posted on by Michael Covel

Ed Moy turned me onto a whitepaper that trend followers will find of interest: PDF.

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. 11: Tim Pickering Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tim Pickering
Tim Pickering

My guest today is Tim Pickering, founder/president and lead portfolio manager of Auspice Capital. Pickering has over 15 years of commodity and financial trading experience. Prior to forming Auspice, Pickering was Vice President of Options Trading at Shell Trading Gas and Power in the Houston and Calgary offices. He began his career at TD Securities in Toronto in their elite trading development program and gained experience in a wide expanse of capital market products including foreign exchange, bonds, money markets and derivatives. Ultimately, Pickering held the Senior Trader position for the energy derivatives portfolio. He has extensive experience trading OTC and exchange traded options, futures, swaps and quantitative trend following systems.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Some of his beginnings
  • “Black boxes”
  • Indexing
  • Classical vs. “next generation” trend following

Listen to this episode:

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The Moment One Definitely Commits Oneself, Then Providence Moves Too

Posted on by Michael Covel

William Hutchinson Murray, The Scottish Himalayan Expedition (1951):

“Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.”

THAT is so critical to trend following success, or any success for that matter.

Note: Tip to Tim Ferriss.

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.

Wisdom from Famed Value Guy

Posted on by Michael Covel

Jeremy Grantham:

The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The prime directive, as Keynes knew so well, is first and last to keep your job. To do this, he explained that you must never, ever be wrong on your own. To prevent this calamity, professional investors pay ruthless attention to what other investors in general are doing. The great majority “go with the flow,” either completely or partially.

True. Not wise when the outliers hit.

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.