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Ep. 33: David Stendahl Interview with Michael Covel on Trend Following Radio

Dave Stendahl
Dave Stendahl

My guest today is Dave Stendahl of Capitalogix, the Managing Partner at Signal Trading Group and the co-author of a number of books. His focus is on trading systems and portfolio construction, specifically within the global futures markets. He tracks and trades 40 individual markets across eight different sectors.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Stendahl’s approach is that a system should have as few moving parts as possible; it should be simple enough to be explained on the back of a cocktail napkin
  • Analogy to cars, and how you can easily fix a simpler car in your garage as opposed to a complex Lexus
  • Everyone is using a system in one way or another
  • Stendahl talks about his beginnings, collaborating with his father in the mid 1970’s
  • When he was introduced to technical analysis, and had the lightbulb moment, he realized he could make money based off of something other than fundamentals.
  • Stendahl’s dyslexia
  • Ray Dalio of Bridgewater, who says that he is 100% systematic, but doesn’t use any technical information
  • Position sizing and money management, and how you can approach this systematically

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Richard Dennis: The TurtleTrader Teacher

Richard Dennis

More information about Richard Dennis Trader.


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. 29: Mike Dever Interview with Michael Covel on Trend Following Radio

Mike Dever
Mike Dever

My guest today is Mike Dever, an American businessman, futures trader, entrepreneur, and author. Dever is the founder and CEO of Brandywine Asset Management, Inc., an investment management firm founded in 1982.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Being an entrepreneur from an early age and making his first investments in his early 20s
  • Some of the myths discussed in “Jackass Investing”
  • How everybody is a market timer
  • The stigma against investing in futures
  • Return drivers
  • The risks you take by being risk averse
  • The shift in attitudes towards volatility in America
  • Why strategies based on sound return drivers are so important to his firm and where he’s at today

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Ep. 28: Entrepreneurism with Michael Covel on Trend Following Radio

Episode 28
Episode 28

Please enjoy my monologue Entrepreneurism: The Importance of Not Doing What You’re Told with Michael Covel 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.

An Investor Checklist

Barry Ritholtz offers an investor checklist of the most common errors investors make:

1. High Fees Are A Drag on Returns
2. Mutual Fund Are Inferior to ETFs
3. Reaching for Yield is Extremely Dangerous
4. Asset Allocation Decisions matter more than stock selection
5. Passive is usually better than Active Management
6. You must understand “The Long Cycle”
7. Behavioral Issues Are Costly
8. Cognitive Errors as well
9. Understand your own risk tolerance
10. Pay Guys Like Me For the Right Reason

White Ritholtz was clearly not writing with only the trend following trader in mind, many of these are spot on for trend following.


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.

Think About the Random Nature of Trends

Trends either up or down are random. You never know when one will hit, but you have to be ready for their unexpected arrival. Here are some recent trend examples:

Chart 1
Chart 2
Chart 3
Chart 4

However, it’s not about one winning chart or two or three. It’s about a portfolio of markets in the context of a complete trend following system. And yes there will be losing charts too.


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. 27: Scott Patterson Interview with Michael Covel on Trend Following Radio

Scott Patterson
Scott Patterson

My guest today is Scott Patterson, an American financial journalist and bestselling author. Patterson has made a career of reporting the subterranean inner-workings of the markets, writing for the Wall Street Journal, Rolling Stone, and Mother Earth News. His first book, The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It, was released in 2010.

The topic is his book Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System.

In this episode of Trend Following Radio we discuss:

  • Trace the history of high speed trading and electronic communication networks (ECNs) back to Josh Levine, who founded Island, the computer system that led to the high frequency trading we see today
  • Technological revolution behind Island, and how its transparency led to dark pools – opaque markets where bids and offers are not made public
  • Patterson goes on to propose that the entire market has gone dark
  • The relation of dark pools to the flash crash
  • The regulation of dark pools
  • How the real New York Stock Exchange is in a data center in the countryside of New Jersey

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