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Ep. 304: Crude Oil Folly with Michael Covel on Trend Following Radio

Crude Oil Folly with Michael Covel on Trend Following Radio
Crude Oil Folly with Michael Covel on Trend Following Radio

Please enjoy my monologue Crude Oil Folly with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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Trend Following in the Nederlands

Feedback in:

Dear Michael, I’m a Dutch trader. In recent years I’ve developed a Trading System including different trend following strategies. Your books and podcasts have been a major influence during these years especially when it comes to the mindset that corresponds best with these kind of strategies. I enjoy the multidisciplinary approach that also becomes visible by the various voices on your podcasts. Again and again its a pleasant surprise to hear people strengthening the trend following paradigm coming from all kinds of backgrounds. Keep up the good work!

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.

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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. 303: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Charles Faulkner
Charles Faulkner

My guest today is Charles Faulkner, an author, trader, and an expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in “The New Market Wizards” by Jack Schwager.

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

  • The notion of fictional people and why famous figures in finance are “fictional”
  • The importance of narratives, stories, and metaphors
  • The halo effect and deluding ourselves
  • The difference between a story and a strategy
  • The nature of independent thinking; herd behavior
  • Ego, ignorance, and authority
  • The five different types of minds: the experiencing mind, the imaginative mind, the reasoning mind, the reflective mind, and the generative mind
  • System one and system two
  • Why words don’t change people but experience does
  • Experience base and the difference between amateur and professional traders
  • The two kinds of market wizards
  • Language in the context of the five different types of minds
  • The importance of asking “how” does the market work over “why”
  • The importance of luck and time in the case of Warren Buffett
  • Why you shouldn’t get your excitement from trading

Listen to this episode:

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The Straits Times Trend Following Article

the straits times and trend following and covel


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 Mentoring Works

Feedback in:

I hope you are doing well on your journey. It has been a long time since we touched base. I have been incredibly busy to say the least, but at least I would say busy in a good way. I consider you one of my earliest mentors through your work that I have reviewed extensively. I will say that I have traveled some distance since that first introduction and continue to conduct rigorous research into the marriage between math/science and market mechanics. 2014 has been a very revealing year for me. I have realized a net ROI of approximately 80% in my retail futures account with a max drawdown of approximately 27%. I do not take this startup success for granted. My research has revealed that different market environments flatter different approaches. September-December has been interesting with the infusion of volatility into the markets benefiting my strategic and tactical approaches. I am also expanding on my arsenal of computer programming abilities as that is the language of mathematics in our day and age and essential for my further development as a market speculator. In 12 to 18 months I look forward to starting my own quant fund. I am enjoying this journey so much that I think this will likely become one of my life long endeavors. I wish you all the best and thank you for your immense contribution to my development as a trader. I look forward to speaking with you further when I am at a certain stage of my development as a money manager and perhaps meeting you in person one day as well.

Best,
[Name]

Thanks for the nice note. Best of luck.


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. 302: Zbigniew Hermaszewski and Natasha Reeve-Gray Interview with Michael Covel on Trend Following Radio

Zbigniew Hermaszewski and Natasha Reeve-Gray
Zbigniew Hermaszewski and Natasha Reeve-Gray

My guests today are Zbigniew Hermaszewski and Natasha Reeve-Gray, two of the four founding partners of Altis Partners–a very successful systematic and primarily trend following money management firm.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Covel’s recent experiences traveling in Asia
  • The advantages of location independence
  • Early triggers that led Hermaszewski and Reeve-Gray into the systematic trading world and away from the efficient market hypothesis
  • Why Hermaszewskii was motivated to go down the particular path he went down
  • The advantages of a physics background when applied to trading
  • Looking for predicability in the markets
  • How Altis uses predictability in the context of their world
  • The four broad types of market behavior in Altis’ program
  • Trend following and persistence
  • Inter-market relationships
  • Why there are no “manual” inputs in Altis’ systematic program
  • Portfolio construction and why Altis is different from its peers
  • Applying the same models to all markets
  • The collegial atmosphere amongst London CTAs

Listen to this episode:

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You Can Start the Money Management Firm or Work for Someone; Different Beasts

Podcast Feedback:

Hey Michael, if you had a 23 yr old wanting to become a CTA, graduating with a degree in Finance from U. South Florida in May, is there a certain firm you would push him towards? Two summers ago he did an internship with [Name] Capital ($106 mln AUM), last summer with R.J. O’Brien’s CTA platform Oasis. He works two days/week with me holding down our trade desk. We work with commercial Ag hedgers. Any ideas would be helpful. [Name] gave Patrick your book on the TurtleTraders 1st day on the job, along with 4 other books on trading.

No short cuts. All the trading “names” are well known. It’s an issue of knocking on doors. Seth Godin’s blog may give you a good non-trading perspective that will better help him to break into trading.


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.