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Ep. 960: James Otteson Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
James Otteson
James Otteson

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My guest today is James R. Otteson, the John T. Ryan Jr. Professor of Business Ethics in the Mendoza College of Business at the University of Notre Dame. He received his BA from Notre Dame and a PhD from the University of Chicago, and has taught at Wake Forest University, Yeshiva University, NYU, Georgetown, and the University of Alabama. His published work focuses on Adam Smith, eighteenth-century moral and political thought, liberalism, political economy, and business ethics.

The topic is his book Seven Deadly Economic Sins: Obstacles to Prosperity and Happiness Every Citizen Should Know.

In this episode of Trend Following Radio we discuss:

  • What is Morality?
  • Ethics and Metaethics
  • Correspondence Theory of Truth
  • Group Identity
  • Positive Sum and Zero Sum
  • Wealth and Prosperity
  • Covid 2020
  • Jealousy and Resentments
  • Seven Deadly Economic Sins
  • The Importance of Privacy
  • Blockchain Technology

Mentions & Resources:

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On the Nature and Origins of Trend Following by Stig Ostgaard

Posted on by Michael Covel

On the Nature and Origins of Trend Following by Stig Ostgaard:

On-the-Nature-and-Origins-of-Trend-Following-Stig-Ostgaard

Stig was an original Turtle.

Note: I thought to repost this after seeing this email: “Where, when & from who did Rich learn trend following? Where, when & from who did Bill Dunn learn trend following? Where was Trend Following before today’s oldest Trend Following CTAs? I’m not interested in the David Ricardo quote or Japanese rice farmers. More interested in Trend Following history between 1935 and 1975. Trying to understand the origins of inverse vol weighting and overall conviction in following price trends irrespective of any other input/logic of that era. It’s fascinating that a 16 year old kid goes to the Chicago pits, places trades through his father and essentially pick pockets guys who conceivably had been down there their entire careers. I don’t understand how that 16 year old kid has that start! No mentor, guidance? Who did he learn from?”

My fifth edition of Trend Following also has answers. The short answer is Richard Donchian.

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. 959: Hedge Fund Market Wizards Redux with Michael Covel on Trend Following Radio

Posted on by Michael Covel

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Please enjoy my monologue Hedge Fund Market Wizards Redux 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.

“In a word, the biggest challenge I am facing with my Trading is Discipline…”

Posted on by Michael Covel

Feedback in:

Hey Michael,

In a word, the biggest challenge I am facing with my Trading is “Discipline”.

Constantly, I enter trades with the expectation of taking profit on half my position once the move has at least gone up/down the size of my stop. However, I am finding that I twitch out of my full position prematurely thinking that I’ll find a better entry.

I follow a strategy of sizing up when I stop out of a trade with the assumption that I will be more selective with the next trade I enter, however, I continually enter trades in consolidation periods or enter during retracements thinking that I’ve found a point where the trend has reversed.

There’s also a level of confirmation bias when I look for trades, seemingly finding signs in different timeframes that confirm what I feel the direction of the trend is.

These are all issues of discipline because to an extent, I understand the strategy I need to follow and I would have been much better off if I had just stuck to these rules from the beginning.

I’ve started trading full time recently and I’ve found that listening to the “Trend Following” (5th edition) audiobook help as it goes into great detail articulating the emotion cycles of traders and explains them well.

Looking forward to taking on this ecourse.

Thanks,
Andrew

Run away from the notion of retracement trading. Run.

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.

“The biggest challenge I have faced in my trading are; selling at my targets and setting a stop loss…”

Posted on by Michael Covel

Feedback in:

The biggest challenge I have faced in my trading are;
1. Selling at my targets.
2. Setting a stop loss.
Basically exiting my trades.

How do you pick targets? That’s a prediction.

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.

“Biggest challenge: Determining when to get in and at what price…”

Posted on by Michael Covel

Feedback in:

Biggest challenge: Determining when to get in and at what price. I consistently end up with options that hit the strike price a month or more after buying (whether singles or spreads), but the current price is below my purchase price. Very frustrating to be correct about direction, but still lose money.

Don

I see it more than that. A lot more. You need:

  • Exact rules for selecting your tracking portfolio.
  • Exact rules for entering your trades at the right time.
  • Exact rules for exiting your trades with a loss.
  • Exact rules for exiting your trades with a profit.
  • Exact rules for how much money to bet on each trade.

That’s a system. That’s what you need.

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. 958: Donald Wieczorek Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Donald Wieczorek
Donald Wieczorek

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My guest today is Donald Wieczorek, the Founder and President of Purple Valley Capital, Inc. (PVC). He started his career in finance at JPMorgan as a summer analyst in their Equity Capital Markets Group while still an undergraduate at Williams College. Upon graduating Williams with a B.A. in Economics in 2008, Don officially launched PVC and began managing client capital professionally using his systematic risk management strategy.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • March 2020
  • Track Record
  • Bitcoin Generation
  • Market Bubbles
  • Inflation and Deflation
  • Commodities

Mentions & Resources:

Listen to this episode:

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