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Category: Podcasts

Ep. 59: Don’t Let Them Fuck You Around with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Don’t Let Them Fuck You Around with Michael Covel on Trend Following Radio
Don’t Let Them Fuck You Around with Michael Covel on Trend Following Radio

Please enjoy my monologue Don’t Let Them F*** You Around 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. 57: Dr. Alexander Elder Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dr. Alexander Elder
Dr. Alexander Elder

Alexander Elder is on the podcast:

My guest today is Dr. Alexander Elder, a trader, educator and author. Dr. Elder’s unique and inspiring story starts with his dissatisfaction with the system in his home country of Estonia. At 23, while working as a ship’s doctor, he jumped a Soviet Union ship in Africa and received political asylum in the United States; he also ended up on the KGB’s wanted list. Dr. Elder worked as a psychiatrist in New York City and taught at Columbia University.

The topic is his book Trading for a Living: Psychology, Trading Tactics, Money Management.

In this episode of Trend Following Radio we discuss:

  • Experience as a psychiatrist provided him with a unique insight into trading
  • Psychology of trading
  • How a high degree of education can sometimes be a hindrance
  • The most dangerous personality traits to have as a trader
  • The stages of trader development
  • The importance of money management
  • The importance of keeping records and diaries of your trades
  • The notion of exiting long positions and shorting weakness
  • The similarities and differences between traders in different geographic locations
  • How financial markets can be like manic depressive patients

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Ep. 56: Steve Brechtel Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Brechtel
Episode 56 Steve Brechtel

My guest today is Steve Brechtel. Over the past 20 years Brechtel has worked as a trader for three of the top 100 hedge funds in the world: Trout Trading (now Tewksbury Capital) in Chicago and Bermuda, Crabel Capital in Milwaukee, and now Two Sigma in NYC (a $10 billion fund) — all short-term systematic funds.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Brechtel’s history, from his beginnings roughing it as a Pizza Hut manager while working an insurance job, to finding his way to Monroe Trout, to working at Crabel, to his career at Two Sigma today
  • History in Virginia
  • Why he was hired at Monroe Trout in the first place as a new trader and the advantages of having a beginner’s mind
  • The difference between the short term/systematic traders that Brechtel worked for and the longer term trend following Covel talks about
  • The six strategies Brechtel learned trading the pits
  • What’s changed and what’s the same now that technology has evolved
  • Ayn Rand, objectivism, and Trout
  • Brechtel’s transition from Trout to Crabel, and the differences between these two firms
  • His work at Two Sigma today
  • Brechtel’s screenplay (“Unhedged”) using hedge funds and high finance as its backdrop
  • Writing the script, how his movie differs from other Wall Street movies
  • Covel talks with him about his experience in making his own documentary, “Broke: The New American Dream”

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Ep. 55: The Human Marionette with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The Human Marionette with Michael Covel on Trend Following Radio
The Human Marionette with Michael Covel on Trend Following Radio

Please enjoy my monologue The Human Marionette 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. 54: Steve Burns Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Burns
Steve Burns

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of this site’s top reviewers for books about trading and investing having read and reviewed several hundred books.

The topic is his book New Trader, Rich Trader: How to Make Money in the Stock Market.

In this episode of Trend Following Radio we discuss:

  • Tech bubble of the late 1990s
  • Chapter titles in Burns’ book
  • Problems with buy and hold
  • How “rich” can be a mindset rather than a number
  • The role of luck and circumstance in trading
  • Staying away from the need for constant action and waiting for the “fat pitch”
  • Developing a robust system
  • Staying away from predictive trading approaches
  • Viewing the markets as a video game as a means to help with trend trading understandings

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Ep. 53: Frisbee with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Frisbee with Michael Covel on Trend Following Radio
Frisbee with Michael Covel on Trend Following Radio

Please enjoy my monologue Catching The Frisbee 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. 51: Charles Faulkner Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Charles Faulkner
Charles Faulkner

Market Wizard Charles Faulkner makes his 2nd appearance on the podcast:

My guest today is Charles Faulkner, a trader, mentor and author who has been featured in Jack Schwager’s “Market Wizards” series. Faulkner is an international expert on modeling the knowledge and performance of exceptional individuals, teams and organizations, and applying the latest research in cognitive neuroscience and linguistics.

The topic is his book Higher Level Trading: The Five Stages to Trader and Investor Mastery.

In this episode of Trend Following Radio we discuss:

  • Faulkner’s idea of “system one” and “system two” – a dual-process theory of how the brain works – and how it relates to trading
  • Herding, bubbles, and panics and how they relate to “mirror neurons”, group think, and sheep behavior
  • The idea of making sense of the world through our bodies (and how this might be relevant to trading)
  • Neurolinguistics (the relationship between the neurology of the brain and the language we use)
  • How our brains crave stories (and how we have to be careful how we use them)
  • The importance of using money to buy experiences over objects

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