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Ep. 417: Robert Carver Interview with Michael Covel on Trend Following Radio

Robert Carver
Robert Carver

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My guest today is Robert Carver. He got his start in finance working at AHL. Robert started with AHL in 2001 during his final year of college. It was at this time that he was introduced to quantitative trading and began thinking of finance in a systematic way. He later went back to AHL, working there from 2006-2013. He is an independent systematic futures trader and investor, writer, and research consultant. He is currently a visiting lecturer at Queen Mary, University of London.

The topic is his book Systematic Trading: A unique new method for designing trading and investing systems.

In this episode of Trend Following Radio we discuss:

  • Unpredictable risk vs. Predictable risk
  • Systematic trading
  • High frequency trading vs. Trend following trading
  • Black swans
  • When to intervene with your system
  • 2008 crash

“People rarely evaluate themselves critically and properly work out how well they have done in their discretionary trading activity, and look at statistics properly to examine whether they are genuinely doing much better than a system. I think a lot of people out there are fooling themselves.” – Robert Carver

“The more complicated the notion of what your predicable risk is, the less and less you think about the un-predictable risk.” – Robert Carver

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Trend Tracking with Businesses; How to Find?

Feedback in:

Michael,

I recently started listening to your podcast and love it! Just listened to your podcast related to baseball v football. Question, do you have analysis or know of any experts that have done the same type of trend tracking on what small businesses are most profitable to invest in over time? Example, starting a restaurant and franchising vs a car dealership vs owning a car wash etc.

Thanks in advance for any direction. Keep pumping out the great content.
[Name]

I don’t have it. If you find it, let me know!


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 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. 416: Market Timing Confusion with Michael Covel on Trend Following Radio

Market Timing Confusion with Michael Covel on Trend Following Radio
Market Timing Confusion with Michael Covel on Trend Following Radio

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Please enjoy my monologue Market Timing Confusion 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:

  • Diversification
  • Seth Godin’s 2016 predictions
  • Market timing
  • Understanding psychology in trading
  • Pitfalls of overconfidence

“Conflict is fed by overconfidence.” – Daniel Kahneman

“If market timing is a sin, then there are times when even saints can be tempted into sinning a little.”- Clifford Asness, Antti Ilmanen and Thomas Maloney

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Want to learn more Trend Following? Watch my video here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Trend Following Passion and Common Sense

Feedback in:

Michael, thank you very much for putting the truth out there! I was introduced to Trend Following about a year ago after trading (unsuccessfully) with the Elliott Wave Principle for eight (8) or so years. I lost a little capital at a time but in all, took losses of about $40,000 USD. Something had to change and it was when I was introduced by a trend following system being marketed to me via a pop up window while browsing the internet of all places. Well, I bit, tried it out, and quickly found it to be a more realistic view of the markets and it made rational sense. After a few weeks I saw potential and devoted many many sleepless nights back-testing and tweaking systems and the results now have been phenomenal to say the least. Over the past nine (9) months I’ve taken [blank] and turned it into just over [blank], fairly conservatively.

Your blog posts, your podcasts, and lastly your books have been there to mainly keep me going, remembering the plan, striving to do the same thing day in day out, win or lose. It’s so rare to have support as a trader and your message and content have helped immensely. My plan moving forward is to grow my personal futures trading account to over [blank] in the next twelve (12) years and along with using my current system, listening and reading your content is going to get the job done in time. I thank you very much good sir for your passion for common sense investing and your willingness to share and assist in an industry that is typically full of poor advice.

Looking forward to meeting you one day,
[Name]

Welcome!


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.

Willful Ignorance: Trend Following Radio Feedback

Feedback in:

“Most of the misinformation is not deliberate. People want to be led astray. They constantly ask the wrong questions, and those selling information get rewarded by giving them the answers they want.” -Van K. Tharp, Trade Your Way to Financial Freedom

I think CNBC will be around in 50 years, probably answering the same types of questions.

Love the podcast.
[Name]

Thanks!

Note: His feedback is on this.

Willful Ignorance
Willful Ignorance

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. 415: Peter Gray Interview with Michael Covel on Trend Following Radio

Peter Gray
Peter Gray

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My guest today is Peter Gray, an American psychologist who currently occupies the position of research professor of psychology at Boston College. He is also a well known critic of standard learning systems, and calls himself an evolutionary developmental psychologist. He studies why children are the way they are by asking questions like: Why are children so playful? Why are they so willful? Why do children do what they do?

The topic is his book Free to Learn: Why Unleashing the Instinct to Play Will Make Our Children Happier, More Self-Reliant, and Better Students for Life.

In this episode of Trend Following Radio we discuss:

  • Hunter gatherer cultures
  • Self-reliance
  • Evolution of development in youth
  • Pros and cons of video games
  • Ways of implicating free play back into society

“You can’t learn to be an adult unless you can get away from adults.” – Peter Grey

Mentions & Resources:

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Jump in!

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Michael Covel on Masters in Business with Barry Ritholtz

Barry Ritholtz was kind enough to have me on his Bloomberg show. The interview.

Barry Ritholtz Interview
Barry Ritholtz Interview

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.