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Phil Jackson’s 11 Mindful Leadership Principles

Posted on by Michael Covel

Phil Jackson’s 11 Principle’s of Mindful Leadership are worth reviewing, but #10 is the trend following creed:

10. When in Doubt, Do Nothing. “Basketball is an action sport, and most people involved in it are high-energy individuals who love to do something—anything—to solve problems. However, there are occasions when the best solution is to do absolutely nothing. I subscribe to the philosophy of the late Satchel Paige, who said, ‘Sometimes I sits and thinks, and sometimes I just sits.'”

Trend following = do nothing until you have to do something.

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.

Your Feedback Makes the Show

Posted on by Michael Covel

Podcast guest recommendation feedback in:

Dear Michael, I’m not sure how I found your podcasts. Must be a stroke of good luck. I find them to be superb.

In the late 70’s and early 80’s, I had a patient and casual friend who was a financial systems analysis with one of the Kaiser Companies in Oakland, CA. He equaled his yearly Kaiser salary counting cards in Nevada. In October 1987, he was using a rudimentary computer in a small independent stock brokerage office next to my dental office. I remember well that fateful day of the crash. A short time later he purchased a seat on some exchange in Chicago. I saw a wright up on him in a obscure financial magazine which described how he started in Chicago with $100K. He doubled it yearly for about 5 or 6 years. He continued to prosper over the next several years.

In early 2000’s his company was purchased by [name] for around $[xxx] million. In 2004, he ran for the [political office]. He lost to now [politician].

His name is [Name]. His company was [Name]. There is some info on the Internet and he now runs [Name] in Chicago.

I have not seen [Name] for many years but would feel comfortable contacting him to explore speaking with you if you are interested.

I am now 80 years old and have diminished eye sight. Reading is a challenge but I am determined to read all of your books on my iPad. Please give me your recommendation for the order in which to read them.

Warm regards,
[Name]

I know of [Name], and know he built a legendary career. If you could arrange for an introduction that would be great. [Name] would be a natural fit with my guests, and I suspect he knows many of them, i.e. Leo Melamed, Peter Borish, Jerry Parker, Ed Seykota, Larry Hite, etc.

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.

PIMCO Spreading the Trend Following Gospel

Posted on by Michael Covel

Screen shot:

pimco

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. 282: Kathryn Kaminski Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Kathryn Kaminski
Kathryn Kaminski

My guest today is Kathryn Kaminski, the deputy managing director the institute for financial research (SIFR) Stockholm Sweden. She’s also a contributor to CME Group. She earned her PhD at the MIT Sloan School of Management. At the MIT Laboratory for Financial Engineering, she conducted research on financial heuristics in collaboration with Professor Andrew W. Lo. Her new book, with Alex Greyserman, is “Trend Following with Managed Futures: The Search for Crisis Alpha.”

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Survivorship bias
  • Kaminski’s background and upbringing
  • Convergent risk-taking strategies and divergent risk-taking strategies
  • Social networking as an example of risk
  • Apple as an example of convergent/divergent
  • The importance of failure
  • The efficient market hypothesis, the idea that trend following is “voodoo”, and the lack of transparency in trend following
  • Critics of trend following
  • Kaminski’s “ah-ha” moment with trend following
  • Why trend following works in times of crisis
  • The adaptive markets hypothesis
  • Looking at markets like ecologies
  • Divergence and “punctured equilibrium”
  • The process of going back 800 years analyzing trend following
  • The idea of black boxes
  • The acceptance of trend following

Listen to this episode:

Jump in!

Make My Dreams A Reality Mr. Covel

Posted on by Michael Covel

Feedback in:

Dear Mr. Covel, Trust you must be doing great.​ ​I ​have read all of your books many times & I really admire you for your methodical approach to markets. I am a IIT-IIM Graduate with more than 22 years of experience in India Capital Markets. I have been able to predict the market turns with close to 90% accuracy with verifiable track record. I appear on CNBC, ZEE Business & ET-NOW regularly. I am really passionate towards my profession. I run a boutique Alternative Investment Management firm specializing in generating positive returns irrespective of Market Direction. We are proficient in all types of Technical Analysis based trading.

1. Conventional Pattern Recognition Based Trading
2. Computerized Algorithm Based Trading
3. Predictive Methodology Based Analysis
4. Behavioral Studies based on Market’s Psychological Profile

I have a proposal to launch an Absolute Alpha Global Hedge Fund using hugely diversified strategies for trading in multiple asset classes such as different Global Equity Indices, Commodities & Currencies. As we will be using just 30% fund in trading, more than 60% funds will be used in Global Arbitrage to generate fixed income for balancing the risk. We are fully confident that we will be able to give more than 20% positive returns per annum in USD terms with less than 10% Equity drawdown. We wish to create a Global Hedge Fund which specializes in generating super normal positive returns every year. This structure has humongous potential to become a hugely successful Fund in just 2 to 3 years. I have 100% conviction in my abilities to deliver the real performance. An association with your company will give us everything what we are looking for. I look forward to hear positively from you soon to make my dream into reality. I promise you to give my 100% efforts to deliver more than the promise.

Thanks & warm regards,
[Name]

I don’t recall ever writing about 90% accuracy. Isn’t that the Holy Grail of all Holy Grails? Even if you had that accuracy how does it guarantee you make money? You could be accurate 90% of the time and still lose massive money on the other 10%. Accuracy talk is not trend following.

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 and The Financial Times

Posted on by Michael Covel

Consider the helter skelter world of The Financial Times:

September 7, 2014 7:02 am
Trend-following hedge funds’ future in doubt
By Madison Marriage

September 16, 2014 7:37 pm
‘Trend-following’ algo funds back in fashion
By Miles Johnson

Perhaps, FT has other value, but reporting accurately on trend following is not part of their skill set.

down

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 Goes for the Middle Meat

Posted on by Michael Covel

Consider an illustration that can make you rich:

trend following chart

Trend following does not pick bottoms or tops. You always get into a trend late, and get out late. You cannot predict a trend. That chart might not seem like a great strategy at first glance, but it is the foundation of one of the most profitable insights in the history of market speculation: capture the middle meat and you can make a fortune.

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.