Subscribe now and watch my free trend following VIDEO.

Blog

How Successful is Cold Calling?

Posted on by Michael Covel

Feedback in:

Did you ever do any podcasts that covers the probability and numbers game aspect of cold calling and sales? Was listening to one of your podcast episodes and seems to be a lot of similarities between trend following and cold calling.

Lots of small losses (the people who say no) and then the big gainers (the companies who say yes and become great customers).

Discipline, having and following a system, managing your bankroll (which in sales is time), cutting your losses (move on to the next call), letting your winners run (developing a long standing client who does a lot of business with you, tracking and analyzing metrics (best days to call, best times to call, best approach to use, best questioning strategies, etc).

[Name]

Know any good write-ups on cold calling and math?

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.

“Improve Our Odds While Controlling the Risk”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I have read one of your books, bought your movie, “/broke/”, from Amazon.com, and have been a podcast listener/fan for over 2 years now. I am a William O’Neill-style, long [term] stock trader, but as a computer programmer and system architect by trade, I am refining my own trading style on more of a trend following rooted philosophy. That is why I cannot stop listening to your podcast. It is great from your insight/commentary to the top-notch and interesting guests that you showcase! I would say it rivals the quality of TED Talks for me.

Anyway, I appreciate you making this information available so those traders like me can continue to learn and improve our odds while controlling the risk. Take care!

Sincerely,
[Name]

Thanks for the nice words.

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.

New Trend Following Trader in Israel

Posted on by Michael Covel

Feedback in:

First, let me tell you how I learn and get boosted mentally from your podcast. I was on the path of systematic trading before I got to know about you but the great diversity of people and subjects of knowledge make your podcast a joy to listen to. Specially if you are in the business of increasing the confidence that one have in pursuing his own way of living and investing. Now, I tried to enter my appreciation about the podcast in iTunes but could not do it because we cannot see your podcast in the iTunes defined for Israel. If you would like a recommendation here, in LinkedIn, I would really be happy to give it to you.

Please send me the PDF about the new system. I am sure I can learn a lot from it although I am not a TradeStation user.

Thanks for everything and keep the good work,
[Name]

Thanks! I will always take a nice recommendation!

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.

Around the World Entrepreneurism

Posted on by Michael Covel

Feedback in:

Hi Michael,

It seems much easier working full time from Asia but many pitfalls still exist. Let me know when you are in Bangkok next time. I can share many stories from the first visit in 1998 to working and living full time in Asia. Enjoying your podcasts. I bought Taylor’s book today look forward to reading it.

Best Fortunes,
[Name]

Thanks for the feedback.

I have worked for myself since Netscape IPO (geographic location irrelevant).

Pitfalls only exist for those that don’t properly call them opportunities!

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. 373: Lasse Pedersen interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Lasse Pedersen
Lasse Pedersen

Subscribe to Trend Following Radio on iTunes

My guest today is Lasse Pedersen, a finance professor at Copenhagen Business School, principal at AQR Capital Management, and author of the new book “Efficiently Inefficient”. Pedersen earned his Ph.D. in finance from Stanford University and has over a decade of experience in the industry.

The topic is Trend Following.

In this episode of Trend Following Radio:

  • Discretionary vs. quantitative trading
  • The importance of sticking to your financial plan
  • The various investment styles of the successful
  • How reflexivity affects market prices
  • Backtesting to identify effective investment strategy
  • The role of hedge funds

“I think that good quant investment managers can really be thought of as financial economists who’ve codified their beliefs into a repeatable process. They are distinguished by their diversification, sticking to their process with discipline, and the ability to engineer portfolio characteristics.” – Cliff Asness

Mentions & Resources:

Listen to this episode:

Jump in!

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

“Ride the Comet”

Posted on by Michael Covel

Feedback in:

I don’t know if you have seen this one already. It’s from the 1999 Australian documentary Bulls and Bears, about the Sydney Futures Exchange. A trader talks about the need to “ride the comet” when staying with a winning position. I couldn’t get just the excerpt, but the quote runs from 2:00 to 2:52:

Regards,
[Name]

Thanks!

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.

We Don’t All Live Forever

Posted on by Michael Covel

Feedback in:

Hi Michael,

Love the podcast. Just started listening going back into the archives and have found it very enlightening. I have a question with regards to a comment you made in this specific podcast (364) about shooting for average and who wants to be just average. You are speaking my language there!

What is your response to people when they say they got rich because of investing in a diversified index portfolio instead of getting rich by taking on more risk?

For example, authors of books like “Millionaire Teacher” by Andrew Hallam or even the Coffeehouse books that claim to do really well by just buying index funds and riding the market returns instead of taking on more risk shooting for higher returns.

When people challenge me on the index fund thing saying it is the only way, my response is that the authors of these books got rich (define rich right!) because they ended up saving so much of their income as opposed to gaining their wealth through market returns. Both books (more so Hallam’s) talk about being frugal and then investing. I would love to hear how you answer this question!

If you don’t have time to answer, I totally understand and will still continue to be a loyal listener…

[Name]

Just buy and hold?

But the Nasdaq was underwater for 15 years?

The Nikkei is down 50% still since 1989.

We don’t all live forever.

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.