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Nomadic Podcast, Heavy Metal and Yoga Feedback

From Oct 25, 2012:

On a similar note, I’ve basically spent the past 3 years of my life wandering the globe as a vagabond, with a major emphasis on southeast Asia. So I have a lot of knowledge and recommendations for your upcoming trip (which I look forward to following on the blog/podcast). I am also very likely to be in SE Asia starting fairly soon, so it’s possible that our paths will cross. I’m in LA now, for about 2 more weeks. Anyway, I’ve long wanted to reach out and tell you this stuff, though I have no idea why. I hope you didn’t read this and think “this guy’s some kind of crazy stalker,” because I’m not. But the commonalities have definitely contributed to your podcast resonating so strongly with me.

Regards,
Paul

Thanks for the note Paul. Definitely working toward the SE Asia venture and will definitely want your insight soon! Thanks for reaching out.

From Dec 5, 2012:

I’m in Ubud now, for about 10 days. I imagine that when you talk of coming to Bali, you’re probably talking about Ubud. You must know that the Kuta area, where the bombs have gone off, is pretty much 20 year old drunken Aussie tourist hell. Ubud is a great spiritual place, just lacking a beach (which kind of sucks, but it has lots of other attributes that make up for it in the short term.) I’m basically doing 4-6 hours of yoga a day at an awesome studio called Radiantly Alive, which I highly recommend. No need to go to an expensive yoga retreat here. You can create your own for about 1/4 the price and have more flexibility. Given your path in yoga, you’ll love it here. And the food is great too.

PS: I’m reading Tony Iommi’s autobiography right now. It’s pretty boring, as is Tony himself. Ozzy’s was much better. I hope a Dio biography comes out at some point.

Thanks Paul, perhaps once I get to new year and clear through holidays I circle back for some more great insights!

From May 6, 2013:

Michael, I just wanted to follow up with you on a couple of notes I made listening to your podcasts. First, I love how you used the old school version of NIB, with the long slow bass intro, in the podcast with the John Wooden recording. Nothing like drawing it out at the beginning, before it would really be identifiable as Sabbath style music (unless you know the song, of course.) What could go better together than Wooden and Sabbath?

Second, you talked about Lemmy in another podcast. It reminded me of how I saw Motorhead open for Sabbath twice, including once in 1995 in a small club in West Hartford, CT. I was front row center for Sabbath, though with Tony Martin singing, it was only moderately good. But the club itself had two sides. The other side was a really low grade strip club. My buddies and I wandered over there after the show, and it was mostly deserted. The Sabbath guys were sitting up in a balcony area, and Lemmy was down admiring and interacting with the heinous strippers. He was in all his glory. If it wasn’t so funny, I’d have to say it was sad. But Lemmy isn’t picky.

I hope you’ve enjoyed your Asian trip as much as it sounds on the podcasts. I’m at the beach in Thailand now after a month long tantric yoga course in Rishikesh, India (the “Yoga capital of the world”) and then a few weeks in Nepal, trekking in the Himalayas.

I still recommend Ubud, Bali highly for a place to go nuts with yoga, great food, and good looking western yoga chicks from all over the world.

Cheers,
Paul

Thanks Paul! Sounds like I will definitely have to be checking out Ubud!


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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. 121: Jason Russell Interview with Michael Covel on Trend Following Radio

Jason Russell
Jason Russell

My guest today is Jason Russell, the President and CIO of Acorn Global Investments in Canada. Russell brings a unique perspective to the show with a very clear strategy on how his firm makes money for their clients.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Russell’s background and how he came to form Acorn Global Investments
  • Russell’s strategy for Acorn and “the baker analogy”
  • The idea of “winners stay, losers go”
  • Showing his investors every position that Russell has
  • How the terms “commodity trading adviser”, “trend follower”, “quantitative trading” don’t exactly describe what many traders do
  • Ed Seykota and the “trading tribe”
  • Letting go of “why” and simply riding out trends
  • Where strategies like Russell’s fit in the context of a portfolio
  • The importance of delivering uncorrelated results to the S&P 500
  • Drawdowns and the psychological effect of going through one alone, uncorrelated to other markets
  • How there’s nothing more important than risk management

Listen to this episode:

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Ep. 120: J.P. Morgan with Michael Covel on Trend Following Radio

J.P. Morgan with Michael Covel on Trend Following Radio
J.P. Morgan with Michael Covel on Trend Following Radio

Please enjoy my monologue Taking, Not Trading with Michael Covel 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.

Ep. 119: On Being Picked with Michael Covel on Trend Following Radio

On Being Picked with Michael Covel on Trend Following Radio
On Being Picked with Michael Covel on Trend Following Radio

Please enjoy my monologue On Being Picked with Michael Covel 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.

Ep. 118: Trend Following in China with Michael Covel on Trend Following Radio

Trend Following in China with Michael Covel on Trend Following Radio
Trend Following in China with Michael Covel on Trend Following Radio

Please enjoy my monologue The Trends of China with Michael Covel 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.

Listen to my interview with Jed Rothstein creator of the China Hustle Film here.

Ep. 116: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

My guest today is Jerry Parker. In 1983, Parker was accepted into the Turtle Program, a select investment training program developed by successful Chicago portfolio manager Richard Dennis. He appears in Covel’s “The Complete TurtleTrader” and has been the most successful TurtleTrader. Parker founded Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988.

The topic is Trend Following. 

In this episode of Trend Following Radio we discuss:

  • Mistake of combining different strategies with trend following, and the importance of having a concentrated strategy that you can rely on
  • How discretionary moves can get in the way of your system, and “systematized discretion”
  • The psychological effect of following a trend following strategy for decades
  • The idea of going for positive expected value over what’s least risky
  • Why Parker doesn’t like to use the term “managed futures”, and why it doesn’t really tell the story of trend followers
  • Trend followers performing well at different points in time compared to long-only
  • Using trend following as another strategy for investors who only invest through a long-only value-based system
  • The importance of not letting your views on politics and society influence your trading, and maintaining a systematic and disciplined approach
  • The growth of news media since 1984, information overflow, limiting your variables, and using price as your primary indicator
  • How Parker has learned over the years to deal with drawdowns, loving your losses, and the importance the Turtle program played in his education on drawdowns
  • Why governments are the ultimate counter-trend traders
  • Why buy and hold is not a good place to be even if people are saying it’s turned around
  • Parker’s stock-only trend following program, and why the diversified program will do better than the stock-only system
  • Leverage as a tool

Listen to this episode:

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Day Trading Podcast Feedback

Feedback in:

Michael, Hope you are enjoying your journey. I really enjoy the great guests you have on your podcasts. Let me provide some constructive feedback.

1.) You could enhance your podcast by listening to a master interviewer like [name] who really gets the most out of his guest with well prepared and carefully thought out questions.

2.) Given diversified trend trading systems have similar performance it adds value to run many different types of systems with non-correlated returns. Sharing your research on what does not work would be more constructive than your current comments about day trading systems. A great place to start researching other systems is attain and striker which provide hundreds of systems with both backtested and actual track records since go-live. It would be great material for another book to focus on summarizing the 100 most popular trading systems across all strategies with a correlation matrix between them.

3.) It would also be great to have a futures broker as a guest to get their perspective about the pros and cons about having the system executed exactly as specified. If you are aware of another program that has this please pass it along.

4.) Your material is geared toward validating one approach which a good start for the novice. However for those already doing this it would add value to discuss complementary systems/approaches with system developers.

Thanks,
Steven

Thanks for the feedback on interviewee questions. Agreed improvement always possible!

As for other issues:

1. Brokers don’t do much for me. That is for someone else.
2. My recent day trading criticism originated with trend trader Ed Seykota. It was spot on.
3. If my business was all hard core systems types–there would be no business.

As for other complimentary systems what do you mean exactly?