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Please enjoy my monologue If It Keeps Giving Your More Love Go with It More with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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My guest today is Walter Williams, a professor, economist, commentator and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.
The topic is Thomas Paine’s pamphlet, Common Sense.
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Food for thought:
Enjoy.
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Hey Michael
My name is [Name] (age 45), we briefly did speak at the beginning of 2017 or 2018 I think.
I’m a forex & Options trader and worked for quite a few investment banks as a proprietary trader (last 20yrs). My “inspiration” has always been Ed Seykota, Soros (Market Wizards 1 alumni) Elder and pretty much every trading book on the planet, Joe Di Napoli, Larry Williams and of course my favorite Reminiscences of a Stock operator quote (The money is in the sitting).
I did a deep dive into my career as I’m really frustrated with my performance over the last few years and basically tried to understand, how on quite a few occasions I made really “big” money trading (+100-200% ) returns. The only conclusion I came to was: on those occasions I traded long term trends.
Recently, (last 3yrs ) having moved over to the asset management arena, my performance have to say the least been terrible. I’ve felt the pressure as some clients have wanted monthly returns and out of desperation to keep assets v. a rampant equity market, I’ve accommodated by trading short and shorter time frames. Needless to say my performance have gone under with it, and of course I lost assets anyways.
I’ve purchased a few of your books, TurtleTrader and 2x Trend Following books.
I think my subconscious mind eventually pushed me back on the correct/trend following path.
I’m hoping to continue on this path with you.
I am not able to purchase your course just yet, as I’m in the process of cancelling my Bloomberg, CQG subscriptions and have unfortunately still a few months to run on it. But after will definitely look to do so. I guess all that remains is a big THANK YOU.
KIND REGARDS,
[Name]
Thanks!
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:
Episode 728 was GREAT – one of your best!
Thank You!
[Name]
Why did you like it?
You were very sincere in your enthusiasm for serendipity! Serendipity is something nobody ever talks about! There’s an odd belief in “structure” and A –> B –> C. Life is not so simple.
Thanks.
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
Michael takes a journey through the wisdom of Dickson Watts.
“In practical life we are compelled to follow what is most probable; in speculative thought we are compelled to follow truth.” –Baruch Spinoza, The Letters
“Most areas of intellectual life have discovered the virtues of speculation, and have embraced them wildly. In academia, speculation is usually dignified as theory.” –Michael Crichton
“There can be a reserve demand for a depletable resource, just as there is speculative reserve demand for any other stock of goods on the market. This speculation is not simple wickedness, however; it has a definite function, namely, that of allocating the scarce depletable resource to those uses at those times when consumer demand for them will be greatest. The speculator, waiting to use the resources until a future date, benefits consumers by shifting their use to a time when they will be more in demand than at present.” –Murray N. Rothbard, Man, Economy, and State / Power and Market: Government and Economy
More.
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Michael,
I have taken your advice again and have not regretted it! I started a regular yoga practice a few months ago and I am seeing and feeling the benefits. I have wanted to do this for some time but finally got going. The instructor of the class I am taking likes to do a reading each class. This particular reading stuck with me and made me immediately relate it to trend-following and some things you have said before in your podcast. I feel like you can replace yoga with trend-following.
Meditations on Intention and Reading by Rolf Gates – Day 129 (p.120)-2nd paragraph:
“It seems a simple enough thing to say, but really it’s the hardest part of coming to yoga. If we can admit that we do not know something, then we can learn anything. If we cannot admit that we do not know, we will remain blind to what we could learn. I think we are afraid to say “I don’t know” because we think in terms of black and white. Either I say I know and I retain the power of choice, or I say I do not know and I give my power away. In this scenario, retaining choice seems preferable even if it is at the expense of remaining stuck in a life that does not work. What yoga offers is another option, one in which learning does not degrade the learner, nor does it take away her power of choice. In yoga, learning happens by degrees, and each degree is another turning point in the student’s life, another moment of choice.”
[Name]
Nice!
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.