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Meeting Trend Following Pioneer Ed Seykota

Posted on by Michael Covel

Feedback in:

Hello Michael. I’m glad to have come cross your site and all of your information. I Actually have an interesting story about meeting Ed Seykota about 10 years ago.

Ok.

Got into commodities watching my stepfather get long gold before Y2K in 2000. He did well. Took a Ken Roberts course and started dabbling a little bit made some, lost some, but continued to grow my interest through 2004.

Came across the turtle trading site and all the information, read as much as I could, downloaded everything and saved it in files. Read all the books on the recommended reading lists. Out of all the market wizards, for some reason Ed Seykota jumped off the page at me. Liked his spirit. I was headed to Tahoe for a vacation and remembered reading that he lived there. Okay, tracked him down.

Decided to reach out to him. Shot him an email and said thank you for all the work that he did to try to share with people and to bring them along toward a better life. Asked if we could meet and I could thank him in person and buy him a cup of coffee. He replied and said that he didn’t drink coffee but that he liked to ride his mountain bike and play music. He asked if I did either of those things.

In fact, I did ride a mountain bike and I do play guitar. He said well give me a call when you get up here. Let’s go for a ride and play some music, and we did. Was invited back to visit his trading tribe. Very cool experience.

Nice.

You may also enjoy reading the Ed Seykota book on his trading rules.

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
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• Trading Technology
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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. 338: K.D. Angle Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
K.D. Angle
K.D. Angle

My guest today is K.D. Angle. Angle began trading the futures markets in 1979 and developed his first rules-based trading strategy in 1984. In 1985 he created a newsletter called “The Timing Device” that specialized in making specific trade recommendations in the futures markets. After 1995, Angle retired the newsletter and went into asset management on a full time basis while investing the majority of his time and resources into researching and developing rules-based strategies.

The topic is trading the futures market.

In this episode of Trend Following Radio we discuss:

  • Angle’s father’s history, who turned a two million dollar gold investment into a hundred million in just six months, and the lessons learned
  • Whether there was an early trend trading influence beyond looking at Angle’s father’s career; Angle’s experience with Dunn Capital
  • Freedom of location
  • 100% rule-based and systematic trading vs. adding discretionary elements to your system
  • Why the client part of the business is so important

Listen to this episode:

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Spyros Makridakis Interview Followup

Posted on by Michael Covel

A followup from a recent conversation with Spyros Makridakis:

Dear Mike,

It was nice to talk to you this morning. As I promised I am attaching the following three papers:

  • Medicine. This is an extract from an article I am writing about Forecasting and Uncertainty. It is amazing that the forecasting record of medicine is so dismal as it involves our lives and health.
  • Positive Illusions. This is a recent paper that will be published in a book of readings.
  • Why Forecasts Fail. A paper published in the Sloan Management Review that explains why forecasts fail and how I got involved in this line of research.

I am also attaching the cover copy of the book by Ablin (the guy who discovered the PSA test for prostate cancer) and his view about the validity of the test he discovered.

Let me know if I can be of any additional help and please send me the link of your podcast once it is ready.

Best,
Spyros Makridakis

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.

Trend Following Feedback

Posted on by Michael Covel

Feedback in:

Hello Michael,

I’m a 25 year veteran as a financial advisor and I’ve subscribed to more newsletters and systems than I care to admit. I know there’s no “magic bullet” to investing success when confronted with the chaos that exists in this world, but your writings and the evidence you provide has made a significant impact on me. I, like most of my financial advisor brethren, (particularly those who are independent like the [name] advisors) want to make a positive impact on the financial lives of our clients and break free from the “buy and hope” nonsense still prescribed by Wall Street professionals and the index funds. Your teaching has already helped me help my clients to better manage the risks of the markets and I’m extremely grateful. I’m an avid listener to your podcast and own three of your books (all with extensive highlighting and underlining).

All the best to you and the Trend Following team.

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.

Ep. 337: Michael Covel Speech and William Ury Interview on Trend Following Radio

Posted on by Michael Covel
William Ury
William Ury

Please enjoy my monologue Michael Covel Speech and William Ury Interview 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.

Michael Covel Presentation
Michael Covel Presentation

Trend Following Wisdom from Dalio

Posted on by Michael Covel

A recent email in:

(Indavertent) TF Wisdom from Dalio:

“To make money in the markets, you have to think independently and be humble. You have to be an independent thinker because you can’t make money agreeing with the consensus view, which is already embedded in the price. Yet whenever you’re betting against the consensus there’s a significant probability you’re going to be wrong, so you have to be humble.”

Wisdom from a man that knows how to trade unexpected trends in a 100% systematic fashion.

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. 336: Colin Camerer Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Colin Camerer
Colin Camerer

My guest today is Colin Camerer, an American behavioral economist and a Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology (Caltech). Camerer’s research is on the interface between cognitive psychology and economics. This work seeks a better understanding of the psychological and neurobiological basis of decision-making in order to determine the validity of models of human economic behavior. His research uses mostly economics experiments—and occasionally field studies—to understand how people behave when making decisions (e.g., risky gambles for money), in games, and in markets (e.g., speculative price bubbles).

The topics are cognitive psychology and economics.

In this episode of Trend Following Radio we discuss:

  • Why Camerer was called a child prodigy, and how he looks at that term in the context of nurture vs. nature
  • Synthesizing behavioral economics and neuroscience; understanding Camerer’s studies when traders aren’t looking at the market on a day-to-day basis; how we can stimulate the brain to create a bubble
  • The ethical issues surrounding Camerer’s work
  • Machine learning and data mining
  • Neuroscience and game theory
  • Comparing humans and chimps in the study of neuroscience
  • How trust correlates with economic growth
  • How emotion functions in the modern world

Listen to this episode:

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