Category: Trend Following

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My guest today is Seth Goldenberg, a designer, curator, and entrepreneur who harnesses the power of questioning to catalyze innovation and cultural change. He is the founder and CEO of Curiosity & Co., a one-of-a-kind bookstore, experience laboratory, and design-ventures studio, and the creator of the Ideas Salons, invitational thought-leader retreats that tackle the essential questions of our time. Goldenberg has led high-profile projects with clients such as Apple, American Express, the Oprah Winfrey Network, and the governor of Rhode Island.

The topic is his book Radical Curiosity: Questioning Commonly Held Beliefs to Imagine Flourishing Futures.

In this episode of Trend Following Radio we discuss:

• Importance of a curious mindset
• The philosophy of our economy
• Cultural interregnum
• Gene Wilder’s portrayal of Willy Wonka
• Economic inequality
• Current sustainability issues

Mentions & Resources:

• Seth Goldenberg
• Radical Curiosity: Questioning Commonly Held Beliefs to Imagine Flourishing Futures
• Daniel Kahneman

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hey Michael, thanks for all your insights. I’ve been listening to your podcast for a long time and I’ve purchased your books. Something I’ve been wondering about that I haven’t yet seen in your books (I’m still reading your books, Trend Following, and Trend Commandments, so there’s a good chance it’s in there and I’ll find it), is these top traders, trading client money or perhaps only trading their own money now, like Tom Basso: How much total exposure do they have in their holdings at any one time? Lets say they will risk 2% per trade on any one position. Have you seen that they will typically deploy all their capital / the entire fund into however many markets they’re trading for that program, and have 100% exposure? So at 2% risk per trade that would be about 50 markets they are trading at once in order to deploy the entire account. Is that how they typically do it? Or do they leave some cash or structure their portfolio another way?

Jay A.

You need a unit strategy for money management. There are max unit rules. One unit for 50 markets? That’s not the strategy. Two places to start: here and here.

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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.

Feedback in:

Hello, finding accurate ways to predict the trend is my biggest challenge.

That’s impossible. I don’t know anyone who does that. How can you?

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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue The Philosophy with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Want to learn more Trend Following? Watch my video here.

Feedback in:

Hello Michael, Love the podcast. Just listened to the Mark Rzepczynski conversation. Could you please share your materials? Very interested in trend following. Much appreciated.

Michael B.

Was Mark your first episode? Why do you like the podcast?

Definitely not the first. I listen sporadically but had a long flight to France and binged in both directions. I am not good with names early in the AM, but my favorite was the guy from Dunkin’ Donuts. He is a humble pragmatic business leader. Of course all of the guests with an investment slant particularly the Turtles. Also liked the psychologist/author that you had some disagreement with. Oh, and your rants/monologues are also great.

Thanks for the feedback!

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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.

Feedback in:

My biggest challenge is getting over the fear of trading. Sounds stupid but I’ve been “educating myself” for 11 years and I still haven’t really taken the plunge!

Best wishes,
John S.

Your strategy and time frame now is?

I’m going to start trading options and CFS’s. ASAP. Thank you.

You told me what you will trade. But what is the system? Time frame?

Not sure what you mean by system and time frame is short to medium. Thank you.

You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS below.

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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.

All traders need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Do you have that? One reader responded:

I guess the answer is no. If we mean my own behaviours, I can explain my system: Find the trend, get a position. (About 10 stocks which are different industries) Put a loos-stop on lowest price of last 5 days. When loss-stop works, I wait trend or look other stocks. When stocks give profit I move loss-stops to on lowest price of new last 5 days. I don’t change loss-stops of loos-making stops. It is working in short terms. I haven’t start futures, I don’t open short positions. That’s why I miss downtrends. But this system is worse. It makes me look like day trader. Worse one.

Your system is a dead end. It’s not trend following.

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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.