“I have spend countless hours understanding market and various theories in order to do profitable investing…”

Feedback in:

Hello Michael,

Thank you for the free introductory email course. It was helpful. I am also learning from “Trend Followingbook and website.

I am starting to rethink about “Understanding everything, specifically making sense of market move and understanding why”. I have spend countless hours understanding “market” and various theories in order to do profitable investing. Trend following is different and change of mindset about how one should allocate investable capital.

Again, thank you very much for sharing so much information regarding Trend Following.




Ep. 912: Shannon Polson Interview with Michael Covel on Trend Following Radio

Shannon Polson
Shannon Polson

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What does it take for women to succeed in a male-dominated world?

At age nineteen, Shannon Huffman Polson became the youngest woman ever to climb Denali, the highest mountain in North America. She went on to reach the summits of Mt. Rainier and Mt. Kilimanjaro and spent more than a decade traveling the world. Yet it was during her experience serving as one of the Army’s first female attack helicopter pilots, and eventually leading an Apache flight platoon on deployment to Bosnia-Herzegovina, that she learned the lessons of leadership that forever changed her life.

Where did these insights come from? From her own crucibles of experience—and from other women. In the The Grit Factor, Polson made it her mission to connect with an elite pack of tough, impressive female iconoclasts who shared with her their candid stories of combat and career. This slate of decorated leaders includes Heather Penney, one of the first female F-16 pilots, who was put on a suicide mission for 9/11; General Ann Dunwoody, the first female four-star general in the Army; Amy McGrath, the first female Marine to fly the F/A-18 in combat and many more.

These women led at the highest levels in the most complicated, challenging, and male-dominated organization in the world. Now when positive role models of women leading are needed as never before, Polson brings these voices together, sharing her own life lessons and theirs with storytelling flair, keen insight, and incisive analysis of current research.

Bio: Shannon Huffman Polson served as one of the first women to fly the Apache helicopter in the US Army. In addition to her military service, she is the founder of the Grit Institute and speaks frequently on topics related to leadership, courage, resilience, and grit.

In this episode of Trend Following Radio:

  • Growing up in Alaska
  • The Grit
  • Women Climber
  • Climbing Summits
  • Grit and Resilience
  • Intense Grit System
  • The Pilot of Apache Helicopter
  • Women Attack Pilots
  • Grit is a Skill
  • Grit Mindset
  • Women in the Military

Mentions & Resources:

“The biggest challenges that I have been facing with my trading…”

Feedback in:

Hi Michael,

Let me introduce myself. My name is [name] from Malaysia, I just started to learn trading in March 2020 and only focus on Malaysia stocks. I have attended 3 courses for trading. However, I am still losing money in my trading, The biggest challenges that I have been facing with my trading are as below:

  1. Spending too much time reading fundamentals/reports and listening to different Facebook voices causes confusion.
  2. I choose the wrong stocks based on news. Did not cut losses and still holding.
  3. Enter stocks with the wrong timing. Bought at resistance
  4. Do not know when to exit the stocks.

I don’t think I am on the right track and right strategy on trading. Just heard about trend following now. Thanks.

Start here. Let go of your current path.

“My biggest challenge trading is finding, trusting and trading a reliable system in a consistent manner…”

Feedback in:

My biggest challenge trading is finding, trusting and trading a reliable system in a consistent manner. I work full time. I have a wife. I have a daughter. I have myself. I have the church. There is the world. There are so many competing demand pulling me in every direction each day, and it does not get any better the past 10 years I have been trading forex. Chop chop or let losers run or jumping from system or forex/futures/options/index funds…etc. etc. Typical trader that fails. I have also seen success, and the potential to be successful. So many seem to be doing it as well.

Have you considered trend following? FX day trading is fool’s gold.

Ep. 911: Eric Crittenden Interview with Michael Covel on Trend Following Radio

Eric Crittenden
Eric Crittenden

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Eric Crittenden believes using an all-weather approach is the most effective way to prepare for a wide range of market environments, while still producing meaningful investment returns with limited downside risk. An all-weather approach is an asset allocation methodology that diversifies across geographic regions, asset classes, and investment styles. This approach helps investors navigate prolonged equity market declines, inflation, and negative real returns from bonds due to low interest rates. Historically, an all-weather approach has achieved higher returns than equities, with lower volatility, and smaller declines.

Bio: Eric Crittenden is the Chief Investment Officer of Standpoint Funds. He has over 20 years of experience designing and managing investment strategies, with an expertise in systematic trading in both mutual funds and hedge funds. Aside from creating sound investment strategies, his ability to simplify and communicate complex topics is what sets him apart from other investment managers. Tom Basso is the Chairman. He brings over 40 years of money management experience to Standpoint as Chairman of the Board. He was the Founder and CEO of Trendstat Capital, one of the largest futures managers in the U.S. in the 80s and 90s. Tom’s successful career has been highlighted in the book The New Market Wizards by Jack Schwager.

In this episode of Trend Following Radio:

  • Critical Thinking
  • Social Media
  • Portfolio Returns
  • “Let’s do our best not to mistake psychological problems for philosophical insights.” –Sam Harris
  • Increase Diversification
  • Trading Commodities
  • Zen Proverbs
  • Understanding the Fundamentals
  • Return on Investment
  • 2020
  • The FED
  • Tom Basso
  • Standpoint Funds

Mentions & Resources:

“I can’t/won’t invest enough time to have a momentum strategy. I have a value foundation. And a taste for growth…”

Feedback in:

I can’t/won’t invest enough time to have a momentum strategy. I have a value foundation. And a taste for growth. What about an interview with these managers as an add for the folks who have a more traditional investment strategy?

Buy and hold etfs based on fundamentals? No. Not interested. S&P index investing beats all that.

“Its challenging to both limit drawdowns and maximize returns…”

Feedback in:

Trying to find a systematic approach that has a reliable edge upon which I can define the probabilistic outcomes (win rates, profit ratio, drawdowns etc). I can code and backtest strategies (a fairly recent addition to my toolkit) so am very much still in exploration vs exploitation mode when it comes to trading. It’s challenging (understatement) to both limit drawdowns and maximize returns. I am more interested in limiting drawdowns and having a smooth equity curve rather than pure max profit optimization which may (likely) requires more volatility and enduring deeper drawdowns.

Why do you want smooth? Life is not smooth. Markets are not smooth.