Subscribe now and watch my free trend following VIDEO.

Category: Trading 101

Finding Opportunity Means Taking Shots: Same for Football, Same for Trend Following

Posted on by Michael Covel

Excerpt from here:

In finding Leach, an alumnus and fellow acolyte of BYU, Mumme stumbled upon the Paul McCartney to his John Lennon. Neither one of them gave a damn about college football’s hallowed traditions. Both cherished the lessons you could learn from heroic iconoclasts like Davy Crockett or Geronimo. And both liked getting in the car, blasting Jimmy Buffett and driving to any football practice in the country where they thought they could snatch up another crazy idea and make it part of their oeuvre.

More:

Well before Gus Malzahn and Chip Kelly were riding their wide splits and hurry-up offenses all the way to the BCS championship game, Mumme and Leach were running the concept on a small practice field in Mount Pleasant, Iowa. “The more shots on goal you get, the better,” Leach says. “That’s how we saw it. And with so many people touching the ball, it elevates the enthusiasm of the whole team.” In their three years at Iowa Wesleyan, the Mumme and Leach show went 25-10 and led the nation in passing once and finished second twice.

“The more shots on goal you get, the better” is the reason why you CAN’T be a trend follower on one market alone. You need opportunity. Trade one market, you are limited to one opportunity. It’s like running the fullback straight ahead for 3 yards every play. Bad strategy. You need diversity in opportunity.

Bruce Lee on Opportunity

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. 275: Joel Mokyr Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Joel Mokyr
Joel Mokyr

My guest today is Joel Mokyr, an economic historian at Northwestern University. He focuses on technological progress, and how it affects growth. From Mokyr’s perspective, we haven’t seen anything yet. He’s not trying to predict what will happen next; he’s just confident and ready that big things will continue to happen.

The topic is technology.

In this episode of Trend Following Radio we discuss:

  • Define technology
  • The notion of playing God with technology
  • How technology and economic growth are intertwined
  • Why screwing up is part of technology
  • The acceleration of technology
  • New ways of measuring growth
  • Anesthesia and antibiotics as technologies and imagining new technologies as revolutionary as them
  • Moving from a wheat and steel economy into an information economy
  • The factory, the separation between firm and household, and the Industrial Revolution
  • The death of distance
  • Why technology is often not reflected in the GDP
  • Solving the language barrier through technology
  • Why the global acceptance of the English language is driven by technology
  • Why innovation isn’t natural to us
  • The declining respect of the writings of previous generations
  • Why the median age will continue to increase
  • Why we are moving into a mass-customization society
  • Changes in material science
  • The best way to think about the future

Listen to this episode:

Jump in!

Ep. 274: Guy Kawasaki Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Guy Kawasaki
Guy Kawasaki

My guest today is Guy Kawasaki. For those of you that pay attention to being an entrepreneur, Kawasaki’s books have been invaluable over the last decade. Currently, he is the chief evangelist of Canva, an online graphic design tool. Formerly, he was an advisor to the Motorola business unit of Google and chief evangelist of Apple.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • Why being a consultant or an investment banker are two of the worst first jobs you can get
  • Working in sales, and Kawasaki’s early experience in the jewelry business
  • Some of the most valuable attributes of a good salesman
  • Marketing, social media, and why you’d want to have a rabid fan with fifteen followers rather than just another blurb on the back of your book from the so-called big name
  • Why a book review in The New York Times isn’t as important as it used to be
  • The Amazon and Hachette conflict, and why Amazon is still the best thing to happen to authors in a long time
  • The two types of people in the world–baker vs. eater
  • How Kawasaki manages his time
  • Looking at your social media presence as core to your existence
  • Disruptive high growth opportunities
  • Introversion and getting better at standing on stage

Listen to this episode:

Jump in!

Ep. 271: The S&P 500 Trading System with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The S&P 500 Trading System with Michael Covel on Trend Following Radio
The S&P 500 Trading System with Michael Covel on Trend Following Radio

Please enjoy my monologue The S&P 500 Trading System 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.

Play the Trend Following Game

Posted on by Michael Covel

Trend following trading is a game indeed, but it is terribly important to avoid becoming the game (a game I have explained in a multitude of ways). In general, think about the three types of players in any game:

• Those who know they are in the game.
• Those who do not know they are in the game.
• Those who do not know they are in the game and have become the game.

Within a half hour of playing any game, if you do not know the patsy, you are it. Said another way: You are the game. That is serious talk for the serious game of your financial health and wealth.

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. 269: Robert Aumann Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Robert Aumann
Robert Aumann

My guest today is Robert Aumann, the fourth Nobel Prize winner to appear on this podcast. Aumann is an Israeli-American mathematician, and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel.

The topic is game theory.

In this episode of Trend Following Radio we discuss:

  • Conflict and cooperation through game theory analysis
  • World via his game theory perspective
  • Meeting John Nash and Aumann’s early background
  • What game theory is trying to accomplish
  • The economic definition of rationality
  • The idea of a strategy matrix
  • The world champions of peace and the best way to maintain peace
  • The 2008-09 bailouts from Aumann’s perspective and a game theory outlook
  • Behavioral economics
  • Game theory, diplomats, and the Cuban Missile Crisis
  • The existence of nuclear weapons and the Cold War

Listen to this episode:

Jump in!

Ep. 267: Dennis Gartman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dennis Gartman
Dennis Gartman

My guest today is Dennis Gartman, the editor and publisher of The Gartman Letter. Gartman appears on CNBC, ROB-TV and Bloomberg television, discussing commodities and the capital markets, and speaks before various associations and trade groups around the world.

The topic is outside the box market perspectives.

In this episode of Trend Following Radio we discuss:

  • How Gartman first got started
  • Chicago trading in the late 70’s to the mid 80’s
  • Why you should never add to a losing position
  • Buying strength and selling weakness
  • Systems from Gartman’s perspective, and keeping your systems simple
  • Being patient with winning trades and impatient with losers
  • Gartman’s daily grind and process
  • Mass psychology, efficient markets, and behavioral economics
  • Gartman’s thoughts on the market today and geopolitical events
  • How we hear about geopolitical events today compared to the past

Listen to this episode:

Jump in!