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“I am the type that will dive deep and design and confirm and commit to a trading model…”

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Hi Michael,

I’m a long time fan, and was deep into system trading with TradeStation, starting in 1997 thru 2000. This was before your books, but I was manic and consumed 3 trading books a week, and would program the models in TradeStation. The market was was my irrational patient and programming TradeStation was my instrument of diagnosis.

The twins were born in 2000 and I made the decision to stop actively trading. Through the intervening years, I would occasionally read an investing book or two. When I came across TrendFollowing, the wisdom and truth of all the information I have been sifting through and compiling for years…was finally and comprehensively collated in one book. Needless to say, I have read every book you’ve written since, and am a big fan of your Podcast. Thank you.

Biggest Challenge = Time commitment. I am the type that will dive deep and design and confirm and commit to a trading model, but with my busy lifestyle, the daily discipline of managing the system (checking the model and executing trades, etc.) is something I know will fall through the cracks. I could probably get up and going with TradeStation again, and I think they allow for system executed trades, but the time, effort, and cost involved are not insignificant. Any recommendations?

Thanks,
Taylor

Many issues here. The question for you: Do you want to trade yourself or have someone trade for you? Start here and here.

Ep. 994: David Bradford Interview with Michael Covel on Trend Following Radio

David Bradford
David Bradford

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The ability to create strong relationships with others is crucial to living a full life and becoming more effective at work. Yet many of us find ourselves struggling to build solid personal and professional connections or unable to handle challenges that inevitably arise when we grow closer to others. When we find ourselves in an exceptional relationship—the kind of relationship in which we feel fully understood and supported for who we are—it can seem like magic. But the truth is that the process of building and sustaining these relationships can be described, learned, and applied.

David Bradford and Carole Robin taught interpersonal skills to MBA candidates for a combined seventy-five years in their legendary Stanford Graduate School of Business course Interpersonal Dynamics (affectionately known to generations of students as “Touchy-Feely”) and have coached and consulted hundreds of executives for decades. They show readers how to take their relationships from shallow to exceptional by cultivating authenticity, vulnerability, and honesty, while being willing to ask for and offer help, share a commitment to growth, and deal productively with conflict.

Filled with relatable scenarios and research-backed insights, Bradford is an important resource for anyone hoping to improve existing relationships and build new ones at any stage of life.

Bio: David Bradford is Eugene O’Kelly II Senior Lecturer Emeritus in Leadership at Stanford Graduate School of Business, where he helped develop Interpersonal Dynamics (“Touchy Feely”). He lives in Berkeley, California, with his wife of more than fifty years.

In this episode of Trend Following Radio:

  • David Bradford Stanford Classes
  • David Bradford Father
  • Economic Political Issue
  • Building Relationships
  • Interpersonal Issue
  • Group of Men and Women
  • Giving Feedback
  • Exceptional Relationship Definition
  • EQ and IQ

Mentions & Resources:

“Lately my biggest challenge has been adjusting to the rapid rotations taking place in the market…”

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Lately my biggest challenge has been adjusting to the rapid ‘rotations’ taking place in the market. My go to strategy historically has been buying breakouts of companies that have P/E to G ratios below 3.0 but lately I’ve had better luck ignoring valuation completely. It makes me think it’s 1999 again and I wonder whether I’ll be able to avoid a large draw down if this is another bubble in the equity markets. Any advice is appreciated.

I would this rotations/PR ratios strategy. It’s a dead end. Trend following offers a way out.

“The mindset that stuck with me was that of the entrepreneurial trader…”

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The mindset that stuck with me was that of the entrepreneurial trader. It got me thinking about who my competitors are and where I have my edge. It made me realize that I need a more sound strategy with well-defined rules that are backed by research. What I found most fascinating, and dogma debunking, were the trend following research papers. I was taught the efficient market theory (and never bought it) and cross sectional momentum, but to read studies that truly call into question the EMT and show the driving factor in cross sectional momentum (time series momentum) was very compelling.

Cross sectional and times series momentum are not the same thing. Time series momentum is trend following.

“My biggest challenge is making a final descision about preserving capital when I’m in a trade…”

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Thank you for the work you are doing. It’s helping us a lot. Personally and in our trading psychologically. I am ordering your 6 books and will read them 3 times each in 90 days. My biggest challenge is making a final decision about preserving capital when I’m in a trade. I always want to stay to not miss my biggest trend of life. How do pros do it? Do they take partial profit? And also at what point they take it? Thanks for getting back to us. And also thank you again for the sacrifices you do to inform us of good honest content and not bull shit like most of YouTube.

Thanks. You need a system. Start here.

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