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Category: Trend Following

Approach the Market in a New Way

Posted on by Michael Covel

Feedback in:

I want to thank you for writing your books. They got me to approach the market in a new way. I have dived head long into algo/quant trading through trend trading. As long as you trust the system and follow through you will succeed. I think that the simpler systems are better than complex. Also the markets are noisier than they were 20 years ago which make trend trading harder, but it is still the most successful method for trading. Thanks again Michael.

[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.

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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. 350: Michael Melissinos & Glenn Graham Interviews with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Michael Melissinos & Glenn Graham
Michael Melissinos & Glenn Graham

My guests today are Michael Melissinos and Glenn Graham.

Michael has assumed research and trading responsibilities. He also works on his emotional and mental game with the help of his local Trading Tribe. Tribe helps him maintain discipline through tough performance periods, remain inventive and push the envelope of improving the firm’s investing and education strategy. He previously held positions at Rothstein Kass, Bear Stearns and J.P. Morgan.

Glenn’s firm is Golden Point Capital. Graham has had extensive experience in quantitative trading strategy development in the futures space. He holds the designation of Chartered Alternative Investment Analyst (CAIA), a designation focusing on the alternative asset classes.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Covel and Melissinos discuss Melissinos’ career and beginnings; his history with Bear Sterns; Melissinos’ introduction to trend following; “find trends, align with trends, and manage risks”; the similarities between crude oil, copper, sugar, the Euro, and wheat; and trading based purely on price.
  • Graham and Covel discuss Graham’s early trading track record; niche markets and hedging; Graham’s early trading experiences and his history at a high frequency trading firm; early influences in trend style trading; the parallels between trading and backgammon; the importance of the size of your winners over winning percentage; and style drift.

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Ep. 349: Donald MacKenzie Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Donald MacKenzie
Donald MacKenzie

My guest today is Donald MacKenzie, a Professor of Sociology at the University of Edinburgh, Scotland. He works on the sociology of markets, focusing on automated trading, the use of mathematical models, and the evaluation and trading of bonds. MacKenzie has worked in the past on topics ranging from the sociology of nuclear weapons to the meaning of proof in the context of computer systems critical to safety or security.

The topic is his book An Engine, Not A Camera: How Financial Models Shape Markets.

In this episode of Trend Following Radio we discuss:

  • Economic models
  • Self-fulfilling prophecies and economics
  • Our beliefs and the social world
  • The definition of performativity
  • Mackenzie’s analysis and study of the Black-Scholes model
  • Long Term Capital Management
  • Reflexivity
  • The intellectual gap between purveyors of the efficient market hypothesis vs. behavioral economists as reflected in the 2014 Nobel Prize winners
  • The arms race in high frequency trading.

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Ep. 348: Michael Covel Monologue and Interview on Trend Following Radio

Posted on by Michael Covel
Michael Covel Monologue and Interview on Trend Following Radio
Michael Covel Monologue and Interview on Trend Following Radio

Please enjoy my monologue Michael Covel Monologue and Interview on Trend Following Radio. This episode may also include great outside guests from my archive.

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

Don’t Get Sucked into the Junk

Posted on by Michael Covel

Feedback in:

Michael,

I have a friend here who subscribes to [name]. I tried their trial membership but didn’t continue. Now I get all this junk. Your stuff ain’t junk at all and I love how prolific you are with your podcasts. It’s only a matter of time before I buy your Trend Following system to add to my [name]. Funny thing is I discovered you through [name] daily reports. One of the articles from [name] Money Management mentioned your name. Then I bought and read all of your books.

Warmest regards,
[Name]

A followup email:

I forgot to mention the main point of my message: There’s so much junk out there people have no idea what the real stuff is. For example, I personally surveyed more than 300 “advisors” last year and not one, that would be zero, had heard of Michael Covel or your books. Just one of them had heard of [name]. You see, at all these industry events, mainly for CE credits, I casually ask the advisor sitting next to me “what’s your plan for the next bear market? Or Black Swan Event?” Absolutely no clue from any of them, except this one guy who knew about [name]. That’s one out of more than 300 Michael. These people are so called “Advisors”. Selling nothing but MPT, the “Great Intellectual Fraud”. In Canada, that’s about a Trillion dollar fraud. I’m sure glad I’m no longer with a bank owned brokerage. Otherwise this kind of message would be a no no. As it is [name] is owned by a $100 billion mutual fund company, whose compliance people will never approve of what I do. The beauty of being 100% self-employed, merely telling the truth, and having Branch Compliance people who are open minded. After all results Speak.

Thanks!

Read about how Philip Bennett Refco got hit for a $669 million judgment.

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. 347: Kathryn Kaminski Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Kathryn Kaminski
Kathryn Kaminski

My guest today is Kathryn Kaminski, the Director of Investment Strategies at Campbell and Co–the famed CTA started by Keith Campbell. Today, Kaminski outlines her new whitepaper, specifically diving into correlation among traders (CTAs).

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Correlation between fund managers and strategies
  • The media’s misrepresentation of systematic strategies
  • Diversification in the CTA and equity world
  • Why one trend following strategy is similar to just one stock

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“The Secrets Have Finally Been Harnessed!”

Posted on by Michael Covel

Feedback in:

Since I’ve been following your books and podcasts, I view [promotional] email blasts (I must receive 10-15 a day) from the investment community with a whole different attitude. I used to read them with the eagerness of a novice seeking wisdom at the master’s feet. Now, not so much. I’ve been a financial advisor for 25 years and I’ve grown so very tired of the “I wasn’t wrong, I was just early” attitude taken by Wall Street research departments and pundits. The stock market will indeed correct 10%, maybe 15% or 20%, but waiting for [that] while our currency implodes seems not only foolish but downright arrogant. It’s not so much what is [in the promo fluff] that bothers me but the implied subtext that I find offensive and so very wrong. Thank you Mike for all you do – keep shining the light. You are helping me help hundreds.

Welcome!

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.