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Ep. 998: David Buckmaster Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
David Buckmaster
David Buckmaster

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My guest today is David Buckmaster. He has led corporate compensation teams at companies like Nike, Starbucks, and Yum! Brands, and worked with business leaders on pay projects all over the world. Buckmaster was named to the global shortlist of the 2018 Financial Times and McKinsey & Company Bracken Bower Prize for emerging business writers.

The topic is his book Fair Pay: How to Get a Raise, Close the Wage Gap, and Build Stronger Businesses.

In this episode of Trend Following Radio we discuss:

  • Minimum Wage
  • Pay Transparency
  • Income Inequality
  • Healthcare System
  • Fair Pay
  • Gender Pay Gap
  • Ivy League Schools

Mentions & Resources:

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“My biggest challenge is dealing with a pullback from a strong winning position…”

Posted on by Michael Covel

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My biggest challenge is dealing with a pullback from a strong winning position. I’m on when share is moving within a trend typical range but frequently some have then jumped from a 1-3% to 5-10% in consecutive days and putting my stop loss a long way away. Any sign of a pullback and I am looking to take profits. I have been managing by taking a small amount (25%) or moving the stop loss if there is a clear support level. This is really impacting my big winners. One share for example when up 40% this month but my actual gain is actually 22%. It is still a healthy gain and I’m not sure if actually is right because for each one of these there are plenty that do pull back and as long as I keep my risk level to a stop loss within my agreed value then I am within my strategy and plan. But perhaps I need to rethink my risk value? It is particularly hard when I picked a share on support from a sideways range (stage 1) and then breaks out with 3 to 5 days of ups. I am starting to think perhaps my current mental strength is more suited to that of swing trading; although for shares in a more steady up and down pattern (8% in a week then pull back 3% over a couple of days) I am very cool at riding those trends.

“Support?” “Pullbacks?” “Taking profits?” “3 to 5 days of ups?” “Very cool?”

Why not ditch all of that and go trend following?

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.

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• 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.

“Thank you for your books and information. They came at a very important time in my life and have really struck a chord with me…”

Posted on by Michael Covel

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Hi Michael, Thank you for your books and information. They came at a very important time in my life and have really struck a chord with me. I have been a “value” type investor most of my life, in addition to mutual funds, ETFs, and more recently a professionally managed retirement portfolio. Something has always been missing from my investing knowledge, (as spartan as that may be); the big one being when to sell. I even took a course when I lived in Omaha from one of Buffet’s lieutenants, and used to spend hours with Value Line, hand writing comparison sheets for companies, and at what price they would be good for purchase. I was halfway successful, but it took up much time, and as I became more involved in my profession of oral and maxillofacial surgery, fell back to dollar cost averaging the market. I am very interested in becoming an active trader, and I would like to incorporate trend following as my investment strategy. It makes complete sense to me, and I think I may be just bull headed enough to stick with it. I would like your advice as to how to go about this somewhat systematically and efficiently. If your flagship product is where I should start, let me know. I am not against reaching out for additional mentorship if you have ideas regarding this as well. I feel like a light bulb flashed on after reading your books, and I am very excited to learn more and execute this knowledge in the real world with my real money. Thanks so much for your time.

Jump in. Here, here, here, here and here.

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. 997: Some Surprise and Origins with Michael Covel on Trend Following Radio

Posted on by Michael Covel

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Please enjoy my monologue Some Surprise and Origins 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.

“I look for confluences with net COT position and MCRI seasonal tendency…”

Posted on by Michael Covel

Feedback in:

My current strategy is to be in the market either long or short. (Get in the game) as Larry put it. I look for confluences with net COT position and MCRI seasonal tendency. It takes at least 15 days for the algo to build a position and get stopped out in profit if the move is in favour. I’m currently trading EURUSD and recently adapted the algo to XAGUSD and WTIUSD.

Many Thanks!

Bad news. Your strategy is so far away from Larry Hite it’s almost alien. Toss your current direction and go trend following.

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.

“My biggest problem with my trading is buying false breakouts and getting stopped out to often, which then leads to big commission costs…”

Posted on by Michael Covel

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Just finished reading Trend Following, thanks for a great book! My biggest problem with my trading is buying false breakouts and getting stopped out to often, which then leads to big commission costs. I have a question; wouldn’t it be easier for the common investor to just put their money with say Dunn Capital instead of trying to trade for themselves? I’m trying to talk a lot about trend following with my father who trades a lot on “gut feel” with no stops. Maybe that could be suitable for him?

All the best,
Lukas

You can go either way. Trade for yourself or hire someone. It’s a choice.

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.