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Category: Trend Following

“Thanks for your most interesting Ep: 571: Jimmy Soni and Rob Goodman Interview!”

Posted on by Michael Covel

Feedback in:

Hello Michael,

Thanks for your most interesting ‘Ep: 571: Jimmy Soni and Rob Goodman Interview’ re Claude Shannon.

I’ll admit that his paper was mostly over my head when I read it as a grad student in the Interdisciplinary Telecommunications Program at the University of Colorado, but certainly the idea of applying wide interests to supposedly specialized fields is something I do understand, having gone from a BA in another interdisciplinary program, a great books program as an undergrad, to doing software development and architecture at Nortel in the 90s, by way of a long period of budget travel in Europe in-between.

Re your exchange w/ the authors re collaboration: the below podcast is a glimpse into Penn & Teller’s collaboration over 40yrs, not so smooth as the collaboration that Soni & Goodman describe among themselves. May your collaboration be as fruitful as P&T’s, and more in-sync at a personal level!

https://www.thisamericanlife.org/radio-archives/episode/619/the-magic-show?act=1

Best,
[Name]
Dallas

Thanks.

“The views expressed… make me feel both encouraged and uncomfortable…”

Posted on by Michael Covel

Feedback in:

Mr. Covel,

I would like to sincerely thank you for your massive contributions to the world of finance. I have been listening to your podcast for almost a year, and I just read your latest edition of Trend Following. Each of these has been life changing. The views expressed in each piece of work make me feel both encouraged and uncomfortable.

I am encouraged because many of your trend following and life philosophies match my own. I am uncomfortable because some of them are the exact opposite of my own.

Being that discomfort creates growth, I am excited about further exploring the views that make me feel this way. In that spirit, I would like to ask a question or two about how my current trading system does not match up with some of the trend following principles,

1. As a rule, I do not short companies whose PPE outweighs their market capitalization. My reason for this is that they become prime candidates for acquisition or restructuring which could really hurt my short position. Do you have any rules in your system where fundamentals or external factors will cause you to not take a position even when the trend is strong? Do you think any kind of rule like this is justifiable?

2. I currently use a 5% trailing stop to exit a winning trade with 10%+ profit. After reading your book, I think this is too conservative. What are your thoughts on the use of trailing stops to exit winning trades?

I know that you are a very busy man, and I will not be offended at all if these questions go unanswered. I will continue to listen to older episodes of your podcast and read more books on trend following in the hopes that I can find them myself.

Keep up the great work. Your passion shines through and is very inspirational.

Thank You,
[Name]

Thanks for your nice note.

Let me ask out of the gate: Why the need for fundamentals, a trailing stop and a profit target?

Let’s start there.

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.

“If you have your mind made up without finishing the book, best of luck…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I am interested in getting into Trend Following and am trying to find good entry and exit signals but I haven’t found anything good yet. I am also reading your book, about 40% through, and find that it is very generalized and more defending trend following without helping someone who is already convinced.

Appreciate your advice!
[Name]

Have you read Chapter 10? Have you read Section III? Why the fixation on entry/exit alone over other parts of trend following that are clearly far more important? Please also define good. You have narrowed your focus to one item that you perceive withheld from you and all else is apparently superfluous. I am open to a discussion, but if you have your mind made up without finishing the book, best of luck.

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. 575: Tyler Cowen Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tyler Cowen
Tyler Cowen

Subscribe to Trend Following Radio on iTunes

My guest today is Tyler Cowen, the author of “The Complacent Class: The Self-Defeating Quest for the American Dream.” Tyler first noticed a problem in America when he began traveling after the financial crisis and saw how “comfortable” life had become for many Americans. People were not taking risks anymore and when risk is taken away, what is left?

The topic is his book The Complacent Class: The Self-Defeating Quest for the American Dream.

In this episode of Trend Following Radio we discuss:

  • Complacency
  • Elon Musk
  • Innovators
  • The millennial generation
  • Democracy as a medium
  • American culture on the decline
  • Illegal and legal drug use
  • Online matching from dating to shopping goods
  • Lifting people out of poverty
  • Jack Ma

Mentions & Resources:

Listen to this episode:

Jump in!

Ep. 574: Gimme Danger with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Gimme Danger with Michael Covel on Trend Following Radio
Gimme Danger with Michael Covel on Trend Following Radio

Please enjoy my monologue Gimme Danger with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Bitcoin
  • Trading process
  • Two strategies: Buy and hold and trend following
  • Prediction
  • The goal: To get ahead
  • Fear mongering

Mentions & Resources:

Listen to this episode:

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

“I have slowly arrived at podcast 138…”

Posted on by Michael Covel

Feedback in from an email conversation spanning over a few months:

Dear Michael Covel,

Thank you for your work. I recently found your podcast, and I’m listening to each one from the beginning in chronological order. So far I am up to number 28, Entrepreneurism: The Importance Of Not Doing What You’re Told. Excellent work, excellent podcast.

Best wishes,
[Name]

Thanks!

I’m still making my way through the podcast archives, and finding much value there. I note that you sometimes make references to films (delighted with the mention of Reservoir Dogs), and I wonder, have you seen the John Carpenter film, “They Live”? If you haven’t, I am sure you will enjoy it, it is a “them and us” satire on the state of capitalism, with most of “the people” in a dream-like state. Great soundtrack, too.

Is that the one with all the messaging? And Roddy Piper?

That’s the very one! I have slowly arrived at podcast 138. Up until now I tried not to email about the fact that I am a repeat visitor to Thailand, yes, I love the energy of Bangkok, and it just so happens that I will be spending two weeks in Krabi in the next couple of weeks, but you went and did a Pulp Fiction thing. I had to email. That’s it. I have an email following system. There are rules. That’s it.

Much love,
[Name]

Thanks!

Note: My newest edition of Trend Following has an audio book version out now.

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. 573: Jon Gordon Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jon Gordon
Jon Gordon

Subscribe to Trend Following Radio on iTunes

My guest today is Jon Gordon, an author and speaker on leadership, culture, sales, and teamwork. He has worked with numerous athletic organizations, academic institutions, and corporations. His latest book is “The Power of Positive Leadership.” He teaches people how to focus on weeding out the negative and not letting that energy poison the team.

The topics are his books The Power of Positive Leadership: How and Why Positive Leaders Transform Teams and Organizations and Change the World and The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy.

In this episode of Trend Following Radio we discuss:

  • Leadership skills
  • Energy vampires
  • Negativity is contagious
  • Grit is the biggest predictor of success
  • Overcoming challenges
  • Pushing forward through adversity

Mentions & Resources:

Listen to this episode:

Jump in!