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Category: Trend Following

Speculation Breakdown

Posted on by Michael Covel

Article from ZeroHedge titled Doug Casey’s 9 Secrets for Successful Speculation. Nine points made worth driving home:

Secret #1: Contrarianism takes courage.
Secret #2: Success takes discipline.
Secret #3: Analysis over emotion.
Secret #4: Trust your gut.
Secret #5: Assume Bulshytt.
Secret #6: The trend is your friend.
Secret #7: Only speculate with money you can afford to lose.
Secret #8: Stack the odds in your favor.
Secret #9: You can’t kiss all the girls.

All issues expanded in original article. #4? Not trend following.

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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. 221: Howard Lindzon Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Howard Lindzon
Howard Lindzon

My guest today is Howard Lindzon, a Canadian entrepreneur, author, financial analyst, technical analyst and angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight’s Bridge Capital Partners, and is the co-founder of StockTwits. He’s also known for the satirical podcast Wallstrip.

In this episode of Trend Following Radio we discuss:

  • The commonalities between the angel investing world and trend following
  • Over-diversification
  • Diversification in private investments vs. stocks
  • How Lindzon got the entrepreneurial “bug”
  • Lindzon’s early career as a stockbroker
  • The beginnings of Wallstrip
  • Lindzon’s comedy influence
  • How Wallstrip led to the next four years of Lindzon’s investments
  • How Lindzon’s mistakes helped him grow as an investor
  • Lindzon’s experience with fraud committed by a business partner
  • Keeping your business drama-free
  • The issue of distraction
  • Lindzon on the birth of StockTwits
  • The investment that changed Lindzon’s financial life in 2005
  • The future of StockTwits as Lindzon sees it
  • Social leverage
  • The art of curation and verticalization
  • Thinking of the financial web as a social bank account

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Trend Following Goes By Many Names

Posted on by Michael Covel

Feedback in:

Hi Michael, I just sent you a friend request, I don’t really use Facebook, not very schooled up on appropriate. Facebook told me I should know you personally to friend you…guess I’ll find out.

You’re on it. I have been listening to you for the past couple months and all I have to say is AMEN brother. Trend following has always been my goal though it hasn’t been until recently I knew it as “trend following”. I’d love to chat sometime but I know you’re a busy guy bringing to light the best for a lot of people.

Learning/trading/systems testing has been my life for the last year and a half. Lonely…nobody gets it. And yet, they are all heading for the same inevitable retirement scenario…there isn’t one, at least for your conventional 9-5er’s. I could rant, but you know it already…

At the sure chance I’ll be preaching to the choir, I would love to hear something on managing 401k’s from a trend following perspective. There are some interesting challenges in 401K’s. Holding periods/penalties and most only offer a specific list of investment options. This is something I am currently beginning to work on for mine and my wife’s retirement accounts, I am sure I can increase the returns with backtested timing models.

Anyway, thanks for your work.

Justin

Welcome! Some retirement information on the podcast in the near future. Good point.

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. 219: Carl Richards Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Carl Richards
Carl Richards

My guest today is Carl Richards, a Certified Financial Planner and creator of the Sketch Guy column, appearing weekly in The New York Times since 2010. Carl has also been featured on Marketplace Money, Oprah.com, and Forbes.com.

The topic is finance.

In this episode of Trend Following Radio we discuss:

  • Richards’ new radio venture
  • How Richards came to start The Behavior Gap
  • Outliers, and living your own bell curve
  • Risk on a daily, weekly, and monthly basis
  • The definition of radical self-awareness
  • Mindfulness and awareness as applied to our financial decisions
  • Habit, action, feeling, and thought
  • Simplicity and effectiveness
  • Government intervention in the markets
  • Quantitative easing
  • Buy and hold in Japan
  • Loss aversion and the pain of loss
  • Feeling loss more than the joy of gain

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carl-richards-behavior-gap

Stops. Just Stops.

Posted on by Michael Covel

Feedback in for a new podcast idea:

Podcast idea: How do you reconcile “Let your profits run” with “Pigs get slaughtered?”

Easy — a stop.

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. 216: Jack Schwager Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jack Schwager
Jack Schwager

My guest today is Jack Schwager, a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Schwager is one of the founders of Fund Seeder. Previously, he was a partner in the Fortune Group, a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities.

The topic is his book The Little Book of Market Wizards.

In this episode of Trend Following Radio we discuss:

  • How Fund Seeder acts as a liason for traders and investors
  • The difficulty of starting out as a new trader
  • How Fund Seeder is a global opportunity
  • Schwager’s last book, Hedge Fund Market Wizards
  • The timeless quality of the Market Wizards books
  • Jesse Livermore’s Reminiscences of a Stock Operator
  • How human nature is the only thing that will never change
  • Looking for a “secret recipe” in the Market Wizards book
  • “The Upside of Down: Why Failing Well Is The Key To Success” by Megan McArdle
  • Why failure is smart and an essential part of success
  • The importance of failure in the context of education
  • Behavioral economics
  • Jack Horner and thinking outside of the box
  • The importance of loving what you do for a living
  • The importance of travel

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