Please enjoy my monologue Efficient Market Thinking with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
I’m a huge fan of your podcasts and have finished your books Trend Following, Little Book of Trading and Trend Commandments. I also listen to your podcast pretty religiously and am working through your early episodes with the fund managers. I’m currently in medical school living off loans so I use the public library for books whenever possible. I’m using just 50 day and 200 day moving averages and reading some of [name] works now. Do you have any advice on sources and ideas for trading systems and rules? Or any advice on the application of trend following.
Sincerely,
[Name]
Here is one way to start and another way to start.
Hi Michael! I have read a couple of your books and I find them really interesting. So one approach is to learn trend following and trade yourself. Another approach is to invest your money with a money manager/fund doing trend following. I’m doing some small trading myself, but I was wondering if you know if there are any good trend following funds that are open to personal investors from Europe (Sweden)? I’m looking for funds that doesn’t require a very large initial investment.
Best Regards,
[Name]
I don’t have a list, but you can find names across my books and podcast.
My guest today is Roger Housden, an author, speaker, and writing guide. He writes for “living and writing wild.” He has authored 22 books and has been featured everywhere from the New York Times to the LA Times. His latest book is titled, “Dropping the Struggle.”
The topic is his book Dropping the Struggle: 7 Ways to Love the Life you Have.
In this episode of Trend Following Radio we discuss:
Reflective contemplation
The moment of now
The fantasy of control
Imperfections with love
Buddhist culture
Individuality in western culture
“Failure humbles us. It makes us softer .” – Roger Housden
“Life is a constant process of remembering, forgetting, remembering, forgetting.” – Roger Housden
My guest today is Jenny Blake, an international speaker, career and business strategist and executive coach with expertise on systems, efficiency and career fluidity in the rapidly-evolving knowledge economy. Formerly a Career Development Program Manager at Google (and author of the book Pivot, and before that, Life After College). She help leaders, employees and entrepreneurs achieve greater clarity, engagement, fulfillment and impact.
The topic is her book Pivot: The Only Move That Matters is Your Next One.
In this episode of Trend Following Radio we discuss:
Ditching the cognitive junk food
Efficiency
The pivot method
Mindfulness practice
The happiness formula
Rejection is a stepping stone
“As we become better at pivoting, we also become better at experimenting.” – Jenny Blake
In baseball, even the best hitters fail most of the time. A player with a batting average of .300 actually hits the ball, on average 3 times out of 10. That means only 30% of his swings are successful hits! (The batting average (BA) is defined by the number of hits divided by ‘at bats’. It is usually reported to three decimal places and pronounced as if it were multiplied by 1,000: a player with a batting average of .300 is “batting three-hundred.) A player with a batting average above .300 is considered exceptional. One of the games most recognised players, Babe Ruth, had a batting average of .342 (34.2%). The ability to cope with this constant failure requires a strong mind, a short memory, humility, and a sense of humour. Each miss means the next home run is one step closer.
Players need to be able to process new information during the game in a dynamic and changing environment. They need a coach or mentor who they listen to and respond to. They also need to be able to adapt to changing life situations (marriage, children, divorce etc etc) whilst still operating at a high level. They need to be able to control the level of intensity and keep everything in perspective.
These same habits apply to our endeavours as traders and investors in the financial markets. By being aware of these psychological skills we can better master the traits required to achieve long term success.
