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“I wish to offer my insight from my anecdotal life…”

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Mike,

I listened to the first part of Thursdays podcast. I was going to listen to the rest of it and respond but I was responding in my head already and not paying attention too much to what else you were saying. There’s not much that can get my attention when you’re speaking other than your own words when you’re speaking. But I digress. To use your words, I don’t disagree with your assessment on people “don’t give a shit” and how it progressed that much in that short of time. I wish to offer my insight from my anecdotal life. It’s basic.

I think people have lost faith in the US government. It’s easy to look at the 2020 election and say okay it’s conspiracy theorists. Well it’s a little more mainstream than that. Even if they don’t think something was intentionally orchestrated, something was off.

The majority agree with that to some level or another and the fact that the government is dismissing it altogether is a big piece of the issue. Even if an official investigation showed nothing at least we could say oh they tied. Most republicans and some dems agree to some degree.

The dems who don’t, don’t until you bring up why Bernie Sanders never won a nomination and Michael Moore will say it was stolen. Covid certainly didn’t help either. Half the country didn’t believe the government or media right or wrong.

For the vast majority of republicans, especially those who listened to Rush Limbaugh, already had little faith in the media so it wasn’t that far to make the jump to the government and when they seem, on both sides, to have the media do their bidding it puts them in the same mind.

And then you had the vaccine which it seems, per a recent study, the majority of people feel is more dangerous than the government and media led us to believe.

If you lost faith in your government you either have revolution or anarchy. I don’t think anyone wants to pick a fight so anarchy is what we have. It’s an apathetic anarchy.

After Russia invaded Ukraine and we heard stories of people staying behind to defend Ukraine or coming back after they got their family to safety. The apathy that I’ve seen is nobody would do that in the US.

People I’ve talked to have said they would leave and not come back. Others have said they would just disappear into the Midwest and assimilate to whatever new government was established. There was a day in my childhood and even through September 11th where I die for the US.

I don’t think I would at this point. There’s a lot of people here in the Midwest who will garden, put up solar panels and wood stoves and move away from codependency on others as possible.

This is the country we have now. Even people on opposite sides of the aisle feeling apathy and it’s contagious. If the Keynesian economics of the last 100 years fails due to crushing national debt, the apathy and lack of faith in the US will be nearer to 100%

Whether you think there was interference in any elections or not, or what you think about Covid or the vaccines, there are people who think that way. I remember an interview you did a few years ago about people in favor of free speech unless it went against their values.

I would say this is the results of what that looks like. Whether right or wrong, people want to be heard and not shouted down or called terrorists. But without the right to discord they can never be shown the errors of their way. And maybe they never see the error.

Or maybe they were right. But without the freedom to talk about it you end up with a fractured country. And not all who believe the election was stolen believe vaccines were bad. But for one thing or another, Bernie or Trump supporters, faith in the US government is gone.

The views shared by those who I’ve observed may or may not be my views. But I suspect if there any responses to this on twitter they will prove the fractured nature of where we are as a country. Everything is polarizing even saying ‘everything is polarizing’.

Thanks,
C. B.

Thanks for sharing.


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Ep. 1149: No Clue with Michael Covel on Trend Following Radio

Episode 1149
Episode 1149

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Please enjoy my monologue No Clue with Michael Covel on Trend Following Radio.

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“All of it started because I risked the time to learn…”

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Hi Michael,

Just wanted to say thanks. I’ve been reading your books and listening to your podcast for years. At one point I decided to get into trend following but updating the spreadsheets got old so I bought a book about coding. That led to a whole bunch of unintended things.

Ten years later I’m defending a dissertation for my PhD in computational economics. I just went through a successful series A for a company I co-founded in the supply chain industry. And none of this is trading based.

All of it started because I risked the time to learn to code and applied it to math and my industry. Crazy. Small risk. Big upside. Trading a different way.

I just wanted to say thanks and let you know your stuff had a big impact for me.

John A.

Great story. 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:

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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.

“It is so funny how correct you were and how stupid I was…”

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Hi Michael,

I was just listening to your episode ”Continuous Improvement” from the 13th of July 2016. I really recommend you listen to it, it is only 20 min. The Swede you are talking about is me and I am really laughing a lot about the episode today, 6.5 years later.

It is so funny how correct you were and how stupid I was. I guess I now can understand a little bit more of how tiresome it must be for you to receive those kind of emails haha! To my defence, I was only 20 years old 🙂

However, listening to this episode, I realize what a positive impact you have had on my perspective towards both the market and life. I would like to sincerely thank you for both of them.

Your answers in the episode made me really think.

Maybe even you, regardless of your success, need to hear that you actually create a genuine impact on the micro-level, thank you for that!

Kind regards,
H. G.

Nice!


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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. 1148: Larry Hite Interview with Michael Covel on Trend Following Radio

Raymond Baker
Larry Hite

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My guest today is Larry Hite, a hedge fund manager who is credited as one of the forefathers of system trading. He co-founded Mint Investments in 1981, which by 1990, had become the largest commodity trading advisor in the world in terms of assets under management. After forming a partnership with the Man Group in the same year, he pioneered the principal protected fund concept, leading to a number of successful structured products and financial engineering innovations.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Career risk
  • Pensions
  • Larry Hite’s strategies
  • Risk and reward

Mentions & Resources:

Listen to this episode:

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“How many checklists must I tick before I can identify a good trade…”

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Hi Michael,

[Biggest challenge I face] I’m not sure which rule (game plan) I should use repetitively for 20, 30 years.

I have followed 3 different gurus, and now you are the 4th I follow. All have different rules and game plan. 1 emphasize on stock value, another on price action, another in between.

However, every time I see the market, I fear to enter a trade. Not sure if the homework I do is sufficient to identify a quality trade? How many checklists must I tick before I can identify a good trade? How much stop loss do I need to put? How much % of my portfolio per stock? How many stocks do I need to monitor daily, or weekly?

But following many gurus, it does bring me to you. I like the trend following concept. No need to feel restless on the news.

I am currently reading your book “trend following” (published 2007) from a local library which I come to know about you, I’m just reading til page 20+.

Which book will you recommend so that there is a strategy I can learn from you and start trade using the strategy? Or must I join your course? Cause this book that I am currently reading, (more on physiology) which is also really important, change my mind too! Thanks for that.

Hope to hear from you soon.

Cynthia N.

I help people with books, a podcast and training/courses. All are options. Start with the links below.


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
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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 picked up your original Trend Following book well over a decade ago…”

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Hi Michael,

Firstly, I just wanted to say thanks for the work you have done for the trend following industry. I picked up your original Trend Following book well over a decade ago and it really opened my mind. I have been a professional trader for a number of years and although the strategies of the firms I’ve been at haven’t really employed what I would call trend following, I believe at the core of it, it isn’t so much about the directional aspect of trend following its about the approach to risk, no matter your methodology for selecting your entry the unavoidable truth is losses are guaranteed, but keeping them as small as possible with an asymmetric pay-out is your best chance at trading and life as you are letting randomness and chaos in life work in your favour. I have seen highly successful traders from mean reversion, to trend following, to stat arb all be successful by using that core tenant.

I have become more interested in learning how to apply trend following to other parts of my life, as it’s such an elegant way to view the world its almost a philosophy, I applied it to dating and am now married, applied it to looking for a house and so on. I have recently read The Rule and although wasn’t too much in the book I didn’t already know it was fantastic at cementing the philosophy.

My question to you is, as someone that has studied this philosophy of trend following and I think has looked at it from a more “spiritual perspective” (I don’t mean that in any woo woo way but I mean the wider implications of living your life in this way) have you come across any complimentary books, theories or philosophies outside the world of trading that support this mentality?

I know elements of Buddhism are arguably about going with the flow, but I don’t feel Buddhists are particularly concerned about maximising payouts, it’s more about having no objective want or need which doesn’t really sit right with me. I’m very goal orientated and feel that’s important, I don’t think Buddhists are particularly bothered by how much they lose or asymmetric rewards. I feel there are so many things out of my control in life which I have learned to harness for my own good in the markets but troubled with how to deal with the “trend” of many other cultural things that concern me. My instinct is to “hold my losses” and stick to my way of thinking in life and often wonder if I am acting as a trend follower should. I know you have also stepped into some political discourse and other non market related talking points. Have you found effective tools for using TF for navigating areas outside the markets?

Hope that makes sense and is somewhat of an interesting point to ponder.

Kind Regards,
Tom G.

I agree. Trend following fits nicely with Buddhism. Alan Watts, for example.


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.