I am currently working my way through your trend following book, every time I have an answer to your question, your book provides the answer!
So I’m afraid my response won’t be much of a test.
I believe my biggest challenge will be discipline / keeping the faith on the draw downs, you and your guests have explained the rational process, but the test will be having a clear analytical head when the emotion / ego of being financially invested comes knocking at my door.
But clearly that is the test!
Fantastic books by the way, I am learning so much.
My guest today is Joan C. Williams, a Distinguished Professor of Law and Hastings Foundation Chair at the University of California, Hastings College of the Law. She has played a central role in reshaping the conversation about work, gender, and class over the past quarter century. Williams’ Harvard Business Review article, “What So Many People Don’t Get About the U.S. Working Class” has been read over 3 million times and is now the most read article in HBR’s90-plus year history.
The topic is her book White Working Class.
In this episode of Trend Following Radio we discuss:
Joan explains why so much of the elite’s analysis of the white working class is misguided, rooted in class cluelessness.
Your contrarian thinking style, your perspective and your philosophy.
It’s a joy to listen to.
So as I probably told you before, my goal is to become like you in terms of public speaking skills, and maybe better.
And thanks to your email advice I evolved to become a regular speaker for my company, presented at events where I got 100+ audiences and did ok.
But I’m so so far from a Michael Covel.
I’m like a million miles from how you perform, speak and tell stories…
looking at my starting line where I was nowhere and got to a good set of speaking skills.
but in the meantime Jan 2019 I had a burnout, I’m putting so much pressure on myself that I broke.
So I keep thinking about your episode “follow your effort not your passion.”
And I say to myself, this is so much hard work for me and I’m getting to a point where countless hours of practice just give marginal improvement versus my goal.
My approach of brute force clearly had an impact on my body and need to slow down.
What do you advice somebody in my position?
With a wife and 2 daughters now in the family and the recovery from burnout I need to be much more effective and do more with less. I know it feels like I’m asking for a shortcut which is stupid.
Listening to you, it feels like your style, what you say and how you say it is effortless for you…has it always been like this? Did you face doubts and challenges about your public speaking skills? And if yes how did you overcome them?
Any advice is really welcome Michael.
Thank you!
Regards
Omar
Thanks for the nice words.
I first spoke in a public forum age 19. I ran for political office age 21. A Washington Post interview then. TV interviews then. Lots of fear, but I was composed.
Here are speaking appearances for my trend following world starting 2004.
Was I always the same? No.
Then the podcast starts 2012… and 800 epsiodes later here I am. I am comfortable in my thoughts now.
If the linear regression slope of the 20 MA is > 0 then sell bull put spreads at 15-25 delta, 35-45 days to expiration, take profits at 50%.
The bearish version would seem to be if 20 MA is < 0 then sell bear call spreads at 15-25 delta, 35-45 days to expiration take profits at 50%.
This is the general strategy, but the MA is sometimes the 50, and sometimes a tweak for more volatile equities: stock price needs to be above 20 MA and linear regression slope of MA 20 > 0. And sometimes the value is > 1 or 0.5 instead of 0. Individually back test the equities for best performance.
By the way, I’m really enjoying the podcast. The trading and non-trading guests equally.
David
Thanks for the nice words about my podcast, but your strategy is not the wise path.
I’m a 14 year old and I’m really interested in investing and the stock market as a hole. But I don’t really know the first thing. I follow a few podcasts like your and I’m going to start reading some books about it as well. But I’m wondering if you can give we maybe some advice or some resources that I can go to learn a bit more about whatever I can so when I turn 18 I can start to invest. Thanks anything will help.
Please enjoy my monologue The Art of Not Thinking with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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