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Ep. 492: TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio

TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio
TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio

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

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The New Ideas of Trend Following

Feedback in:

Mike, thanks for all sharing and education you’ve offered over the years. Started out reading your 1st book years ago on a camping trip, then the others, then your course, then the fantastic run of podcasts. Exposed me to great work of Dunn. Among many others. Great people and great results. I’m in for the long haul. I now sleep at night rather than trusting in the talking heads & buy/hold stocks or bonds. Thanks for all the hard work, wisdom and exposure to new people & ideas

Sincerely,
[Name]

Welcome!

Michael Covel
Michael Covel

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.

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Trend Following University.

Ed Seykota
Ed Seykota

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.

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Trend Following Podcast Guests
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Performance
Research
Markets to Trade
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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. 491: Brian Christian with Michael Covel on Trend Following Radio

Brian Christian
Brian Christian

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My guest today is Brian Christian, an American non-fiction author, poet, programmer and researcher, best known for the two bestselling books The Most Human Human (2011) and Algorithms to Live By (2016).

The topic is his book Algorithms to Live By: The Computer Science of Human Decisions.

In this episode of Trend Following Radio we discuss:

  • Optimal stopping
  • What is an algorithm
  • Process vs. Outcome
  • The explore, exploit trade off
  • The multi-arm bandit problem
  • Win stay, lose shift
  • Regret minimization framework
  • Frequency and intensity of mistakes related to age
  • Upper confidence bound algorithm
  • Threading

“There is this argument that could be made, in a number of situations, where mess is not only the easy choice but it can be the optimal choice.” – Brian Christian

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Trend Following in the Zero-Sum Game

Feedback in:

Michael,

I hope you are keeping well since we last corresponded over email. I have been actively listening and going back through all your podcasts and I wanted to say: please do not take the avenue of being more politically correct. I seriously love listening to your podcasts when you dig into people, organizations, and governments. It is really refreshing to hear someone actually saying something with such passion. This being said, you are also so respectful with your commentary and insights during guest interviews which makes your guests feel very comfortable to share their experiences and knowledge. You are achieving your goal of having your podcast content truly timeless as I feel that the content you share with the world will be just as relevant in 100 years from now. Thank you for taking the time to create such an interesting podcast.

One final note I would like to make: I wanted to apologize for how I acted earlier in the course. I went back through some of my emails and realized that I was acting entitled by asking for such detailed information about how you specifically trade and how other investors manage their trades. I was looking for the easy path and for this I am sorry about how I wrote my emails to you. I now realize that this zero sum game is centered around passion for the process that best fits each investors needs. My portfolio heat setting is different from your heat setting because it all depends on my edge, symbol portfolio and strategy I am using. I believe everything happens for a reason and the lesson I learned from going back over my emails was that you were teaching me to think on my own and that there is no set formula that states: “do these five things and then you will be guaranteed to earn this much.” I realize there are some general rules and theory that needs to be followed but there is never a day when you can say, “I am done learning because I know it all.” While I know we have never met or even spoke on the phone, I would like to tell you that I truly value you as a mentor in my life. I look forward to the day when I have done all my homework and familiarized myself with all the reading material, podcasts and commentary you have put out there so that we can meet and have a really good chat.

Hat in hand,
[Name]

Thanks for the nice note!


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.

A Reader Suggests that Ed Seykota’s Govopoly is a Must Read at this Time

Feedback in:

Mike,

Per your email this week on feedback…

I think you’re doing a great job, but there is one request that I have. Given the importance of this election season I would love for you to spend more time discussing the “system” and why it is so important to not bury our heads in the sand. I’m a Libertarian, but will be voting for Trump as a matter of principal to do my part to stop Clinton from controlling our government. Someone like her, who has lined her pockets with the perks of the system, will do nothing but exacerbate the problems Ed Seykota highlights in his “Govopoly” book. Due to your large audience it would be doing our society a service by highlighting how important the stakes are in this election. Even if you do not want to explicitly endorse Trump, I think it would be wonderful for Ed to come on and give us his opinion on the 2016 election if he is willing and able.

Best wishes,
[Name]

Govopoly Book Cover

Thanks for the note. Strange days indeed…


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. 490: Trump the Fed with Michael Covel on Trend Following Radio

Trump the Fed with Michael Covel on Trend Following Radio
Trump the Fed with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

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

Mentions & Resources:

Listen to this episode:

Want a FREE Trend Following DVD? Get it here.

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