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Tag: covel

Manage Your Money or Someone Else Can

Posted on by Michael Covel

Not interested in trading your own money? There are plenty of trend following firms out there to choose from. Some feedback:

I’m reading your book Trend Following, and I’m a believer. I’m not interested in becoming an expert. I would rather have someone do the investing for me, but I don’t see on the website any links for investors who want someone else to manage their funds. Have you got any options for me?

Thanks,
David

My five books are filled with ideas for those who might manage your money. I am not currently in the recommendation game.

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
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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. 121: Jason Russell Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jason Russell
Jason Russell

My guest today is Jason Russell, the President and CIO of Acorn Global Investments in Canada. Russell brings a unique perspective to the show with a very clear strategy on how his firm makes money for their clients.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Russell’s background and how he came to form Acorn Global Investments
  • Russell’s strategy for Acorn and “the baker analogy”
  • The idea of “winners stay, losers go”
  • Showing his investors every position that Russell has
  • How the terms “commodity trading adviser”, “trend follower”, “quantitative trading” don’t exactly describe what many traders do
  • Ed Seykota and the “trading tribe”
  • Letting go of “why” and simply riding out trends
  • Where strategies like Russell’s fit in the context of a portfolio
  • The importance of delivering uncorrelated results to the S&P 500
  • Drawdowns and the psychological effect of going through one alone, uncorrelated to other markets
  • How there’s nothing more important than risk management

Listen to this episode:

Jump in!

Ep. 120: J.P. Morgan with Michael Covel on Trend Following Radio

Posted on by Michael Covel
J.P. Morgan with Michael Covel on Trend Following Radio
J.P. Morgan with Michael Covel on Trend Following Radio

Please enjoy my monologue Taking, Not Trading with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

Ep. 119: On Being Picked with Michael Covel on Trend Following Radio

Posted on by Michael Covel
On Being Picked with Michael Covel on Trend Following Radio
On Being Picked with Michael Covel on Trend Following Radio

Please enjoy my monologue On Being Picked with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

Spread the Trend Following Word

Posted on by Michael Covel

Trend following in Canada feedback:

Greetings Michael, My name is Abbas xxx and I am a 27 year old trend following advocate from Mississauga a small suburb just 20 miles outside of Toronto in Canada. Since I was 14 years old I knew I wanted to be in control of my own destiny and I developed an obsessive passion to learn as much as I could about the markets and what it would take to become a successful trader. My journey led me to the story of the turtles and the bet between Richard Dennis and William Eckhardt on whether or not trading was a learnable skill or if it was a special talent you had to be born with. I was so fascinated by the story that I wanted to learn as much as I could about the turtles and more importantly trend following. Trend following was a subject that was not covered by many resources and trying to learn more about the subject appeared to be quite the challenge until I found an author by the name of Michael Covel. My quest to master the body of knowledge that is trend following led me to your books and materials. Michael the work you have done to spread the word of trend following has changed many lives including my own. You have shed so much light on trend following that you have become to trend following what the sun is to our solar system. Every time I listen to your podcasts I always get goose bumps when you make your plea to your listeners to spread the word of trend following and help you assemble your team. Listening to you speak I wanted to do my part to spread the message of trend following and I see first hand how your voice has not yet even scratched the surface here in Canada. Then an idea came to me on how I could do my part to spread the message of trend following while being a part of team Covel. Michael I want to be an ambassador for trend following here in Canada; I want to spread the message through your materials…The message of trend following is almost non existent in Canada and I know there are many people whose lives could be changed in the same manner that mine was. Michael I would love to hear your thoughts on my proposition. Any feedback is welcome, I am not afraid to hear no, but I want to hear what you think.

Kind regards,
Abbas xxx

Thank you for your nice feedback. Let me consider options!

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.

Ray Dalio’s Words Of Wisdom That Sound Trend Following-Like

Posted on by Michael Covel

Some feedback:

Michael, congratulations on your work to date. I have your books and they are wonderful resources but I must say your work in the podcast is truly undervalued and trades way below fair value (one for the Ben Grahamites). I have noted you discussing the possibilities of Bridgewater/Dalio actually being the biggest trend followers on the planet. Clearly they don’t openly admit to this but there is plenty of anecdotal evidence to strongly suggest it. Anyway I found the following direct quotes from Dalio that firmly made my mind up. I’m sure you and your followers will also decipher them accordingly.

“Bad opinions can be very costly. Most people come up with opinions and there’s no cost to them. Not so in the market. This is why I have learned to be cautious. No matter how hard I work, I really can’t be sure. I wrestled with my realities, reflected on the consequences of my decisions, and learned and improved from this process.”

Keep up the truly outstanding efforts. More than appreciated.

Regards
Steven

Nice find Steven. When people wonder how some hedge funds might really trade they should consider the film Argo. Subterfuge ain’t a new concept. I don’t know Dalio’s exact strategy, but it is my understanding he calls it a mechanical no discretion all fundamental approach. Well…

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.

Interview with Dan Ariely: The Upside Of Irrationality

Posted on by Michael Covel

Feedback in:

Michael, I heard on the podcast you are visiting my adopted city of Beijing where I have lived for the past 8 years. If you need anything while there, places to go eat, see, my friend has great Israeli restaurant there etc. Whatever you need let me know. My local China mobile number is below. We are out of town so can not meet but can help. Glad you enjoy Asia. I moved there from Wall Street about 8 years ago. Life never been the same ever since. Also, you will love this interview. Full link below. Best of luck with CLSA.

Miguel: Continuing from this definition of decision making you write about the Lancelot story where he’s a fighter and claims that the key to fighting well is not worrying about the outcome but rather focusing on having perfect concentration (minimal stress). How can you relate this story to decision making?

Dan: What is interesting about this story is that by not valuing his life Lancelot became much more rational in a standard way. Basically, the way we think about it is that emotion makes people irrational. Not bad necessarily, but irrational, and if you can disassociate yourself from your emotions you can make more rational decisions. That is exactly what Lancelot was able to do-So during a sword-fight where you want to fight to the best of your ability you don’t want any stress, and to do so you don’t want to think about anything besides the immediate fight. By detaching yourself from emotions you are able to do that.

Thanks for the nice words and words of wisdom!

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.