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“Covel, Why Are You Not on CNBC All of the Time?”

Posted on by Michael Covel

Seth Godin writes:

Media volatility makes more people and more ideas famous for ever shorter periods of time. What the fine art market shows us, though, is that real value isn’t created by this volatile fame. Consistently showing up on the radar of the right audience is more highly prized than reaching the masses, once then done. This works for every career, even if you’ve never touched a brush.

My work, my creativity, my thought–is driven around reaching the right people–not necessarily the masses.

Think about what drives the masses.

But: “Covel, Why Are You Not on CNBC All of the Time?”

Answer.

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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.

Martin Klitzner of Sunrise Capital: In Memoriam

Posted on by Michael Covel

In putting together my book The Little Book of Trading I had the opportunity to talk with most of the office at Sunrise Capital. Marty Klitzner was one of the first people I met with there. He was President of Sunrise. From my perspective one of his roles was clearly as gatekeeper and I later learned that he was a good deal of the business success behind the firm. Unfortunately, Marty passed away on April 14, 2012 in Del Mar, CA.

I remain always thankful that men such as Marty, men with decades of trend following experience, would give me their time and knowledge.

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.

Risk, Volatility and Returns

Posted on by Michael Covel

Ed Moy turned me onto a whitepaper that trend followers will find of interest: PDF.

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. 11: Tim Pickering Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tim Pickering
Tim Pickering

My guest today is Tim Pickering, founder/president and lead portfolio manager of Auspice Capital. Pickering has over 15 years of commodity and financial trading experience. Prior to forming Auspice, Pickering was Vice President of Options Trading at Shell Trading Gas and Power in the Houston and Calgary offices. He began his career at TD Securities in Toronto in their elite trading development program and gained experience in a wide expanse of capital market products including foreign exchange, bonds, money markets and derivatives. Ultimately, Pickering held the Senior Trader position for the energy derivatives portfolio. He has extensive experience trading OTC and exchange traded options, futures, swaps and quantitative trend following systems.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Some of his beginnings
  • “Black boxes”
  • Indexing
  • Classical vs. “next generation” trend following

Listen to this episode:

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The Moment One Definitely Commits Oneself, Then Providence Moves Too

Posted on by Michael Covel

William Hutchinson Murray, The Scottish Himalayan Expedition (1951):

“Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.”

THAT is so critical to trend following success, or any success for that matter.

Note: Tip to Tim Ferriss.

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.

Wisdom from Famed Value Guy

Posted on by Michael Covel

Jeremy Grantham:

The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The prime directive, as Keynes knew so well, is first and last to keep your job. To do this, he explained that you must never, ever be wrong on your own. To prevent this calamity, professional investors pay ruthless attention to what other investors in general are doing. The great majority “go with the flow,” either completely or partially.

True. Not wise when the outliers hit.

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 Followers Are Lone Wolfs, Not Coyotes

Posted on by Michael Covel

In a new book derived from his letters the late General Patton offers:

“It never pays to fight an underdog. You can fight for them, but never against him.”

He also wrote down very appropriate advice for investors even though probably not intended as such:

“It is very foolish, but quite understandable, that one should run around raising hell, but it gets one nowhere and betrays a lack of self-confidence. A man who is self-confident does not run around with a gang. It is much better to be a lone wolf than a coyote.”

Trend following 101 wisdom. Stand your ground by yourself. Avoid running with packs of coyotes, even though the vast majority of modern society has become a coyote pack. Packs don’t hold the secret to wealth.

Note: Thanks to Ed Moy for the idea. Also be sure to check out Patton i read your book!