My name is [Name]. I wanted to send you an email saying thank you for all of your publications about trend trading. I started trading when I was 15 based on all curiosity and now has grown into a strong passion. I’m 23 years old and have followed your work for 3 years now and now drastically increased my returns but also my view point on the market.
After the fund I worked at sold its assets, I was laid off. Once that happened I went through your books again and it has only kept me more focused on my goals of running my own fund one day. Your work is very appreciated and anyone I know that trades or wants to get into trading, I forward them to your website and to all the books and podcasts.
Please enjoy my monologue Engineering the Fundamentals with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
In this episode of Trend Following Radio:
Fundamentals
Valeant vs. Enron
The Deep State
Fixing the media
Trading off price
“You have to fight back with intelligence. You have to fight back with smarts. You have to fight back with a good strategy. You can’t just sit there and accept what the system gives you because the system is going to give you exactly what it wants to give you.” – Michael Covel
Not that I would expend an ounce of energy to defend any NY-based hedge fund (says the Chicago CTA), but as if this has just been a typical period since Mar ’09 “No more than 23% of active managers in any segment of the U.S. equities market outperformed the S&P 500 over the past 5 years” practically brings tears to my eyes – in laughter. And also hope. Hope that we are close to the next “unforeseen sequence of events” typically favorable for our preferred style of trading.
My guests today are Daehee Park and JT Marino. They are the owners and founders of Tuft and Needle, a modern mattress company. They met during college at Penn State, parted ways after college and then met back up in Silicon Valley at a startup tech company.
The topic is entrepreneur.
In this episode of Trend Following Radio:
Marketing a company
Growing a startup
Product development
Importance of customer service
Creating art
Simplification of products
Venture capital
“If you took all of the suggestions and feedback that people give you, you would end up with a Frankenstein of a product.” – Daehee Park and JT Marino
I am the guy who was a member years ago, then recently renewed. I was hounding you in regards to the TradeStation systems that you built. I was also the guy who has been doing yoga, but only with YouTube videos. I used the funds that I won from the super bowl boxes for private lessons at a studio. It was fantastic. My practice grew exponentially. Unfortunately Spring Break with the family came right after the private lessons and I have regressed. I started up again recently, but again only at home. The studio that I like has classes that do not match with my schedule at this time. I enjoy yoga, but my practice is not where I would like. I will need to change my schedule to get my practice to grow. As far as trading goes. I have been watching my portfolio of symbols using a charting software. I haven’t been able to get involved with Trade Station. My wife and I have been having some life changing discussions about our finances. She is starting to come round to understand Trend Following, but so far I haven’t been a good salesmen. I have been listening to your podcasts, and love them. I hadn’t used my phone to listen to them before and now I can’t wait for my commute! I look forward to seeing the notification that you have a new podcast available. I finally figured out how to download older episodes so I will have days of the podcast to listen to. Have you ever had Josh Brown on? One of the podcast that I recently listened to you read an article of Josh’s that was fantastic. It was about everyone being a technical trader. If you haven’t had him on, that would be one for the not miss category. I also loved the stuff that you have done recently with basketball. The part about the Celtics coach and the audio of Gregg Popovich was filled with some great nuggets. I guess this is a long (very long) winded way of saying thanks. I appreciate all the material that you have out there for your students and for all. Someday I will pull the trigger for the TS code. I see that as my only way because of my business.
Thanks again,
[Name]
Thanks.
Josh is a busy guy, but he knows I welcome him any time.
I finished up listening to your podcast with Mike Lofgren on “The Deep State” and felt the urge to just thank you for a very interesting, informative, provocative, but essential discussion. Ironically, the issues you discussed are standard dinner table topics for me and my family (I’d consider ourselves different from the norm in a good way). Unfortunately, today’s farrago of reality TV shows, sports, and social issues have become red herrings to the more important topics. Why discuss the vexing and complicated issues when we can just talk about the Kardashians or whether bathrooms should be genderless?… At any rate, look forward to more discussions on your podcast.
PS: I have also been working in investments for a couple years but would could consider myself a “new” trader. At the end of your podcast you mentioned you’d send some trend following steps. I currently use a nuanced Tom Demark Indicator system, but I’m always open to learning something new.
Please enjoy my monologue Making Money Every Month Is Fantasy with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
In this episode of Trend Following Radio:
Long Term Capital Management
Bernie Madoff
Leverage
Diversification
Indian Stock Market
“Leverage doesn’t matter in this case. Such consistency with low drawdowns goes against nature and cannot exist if it trades long enough.” Michael Melissinos
