Subscribe now and watch my free trend following VIDEO.

Tag: jim cramer

Ep. 369: Market Predictability with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Market Predictability with Michael Covel on Trend Following Radio
Market Predictability with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

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

In this episode of Trend Following Radio:

  • Recognizing when you are being misled by the experts
  • What to look for in trend analysis and what to be wary of
  • Considering bubbles and other unpredictable global factors in the markets
  • Finding an objective approach to investing based on quantifiable information
  • Considering timeless human investment psychology elements
  • Making investment decisions without being blinded by rigid economic processes or political ideologies

“It’s mind numbing to study financial history, because it is so repetitive: we do the exact same things over and over. We have followed this pattern in every major bubble, starting with the coin mania in the Roman empire.” – John Galbraith

Mentions & Resources:

Listen to this episode:

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

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Have a question or comment about this episode? Post it below.

Mainstream Financial Media & Wrestling: Hip Tied

Posted on by Michael Covel

Great connections from Ben Hunt:

My point is not that mass-mediated financial advice is kinda like professional wrestling. My point is that mass-mediated financial advice is EXACTLY like professional wrestling. And I know that it must seem like I’m slamming Cramer and CNBC and the rest of the mass media financial guru-sphere by equating their efforts with professional wrestling, but I’m really not. I just want to call things by their proper names. I LOVE professional wrestling. Second only to professional politics, professional wrestling demonstrates Narrative creation and execution at an extremely high level of artistry, with hundreds of millions of dollars at stake. And it’s NOT a fake representation of wrestling in the way that an episode of “Marcus Welby, M.D.” is a fake representation of medical practice. Professional wrestling is scripted and choreographed, like a TV medical drama, but there are actual athletic feats executed here. It is “real wrestling” in that sense, where there is no “real medicine” being practiced in the filming of “House”. But no one in his right mind believes that professional wrestling is the same thing as Olympic wrestling or collegiate wrestling. Professional wrestling is its own thing – a marvelous and entertaining thing – and it deserves to be understood in that light. Well … mass-mediated financial advice is its own thing, too, where Narrative creation and execution is the only thing that matters, and everything you see or read is driven by the economic diktat of driving the Narrative du jour forward. No one in his right mind should believe that mass-mediated financial advice is the same thing as professional, individuated financial advice. And yet here we are, in a world where the notion of trust has become so warped that every day, thousands of investors question the trustworthiness of their flesh-and-blood financial advisors and tens of thousands more act on their own because they trusted a piece of Narrative-driven advice they heard on the TV or read in the newspaper. Why is it so important to distinguish between real people and mass media representations of people when it comes to matters of trust? Because in the wise words of J.K. Rowling, never trust anything that thinks for itself if you can’t see where it keeps its brain.

More.

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.

Manipulation, Talking Heads and Holy Grails

Posted on by Michael Covel

Once you see how the system is trying to manipulate you, you can’t go back to your old way of thinking. The talking heads and holy grails are everywhere you turn:

Michael, I saw this on the front page of the Yahoo finance page this morning and got a good laugh. After listening to your podcast I notice these little nuggets all the time.

Bill

Thanks Bill!

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.

Jim Cramer Supporter Stalks Me; I Always Wanted a Stalker!

Posted on by Michael Covel

In April of 2010 this guy wrote me about my critique of Jim Cramer (he was reading intro to my 2nd book?). Almost a year has passed with no contact and now today this ditty comes rolling in from Dave Loevner:

I have so far skimmed the information you have to offer, and intend to go back, and read verbatim. What bothers me specifically about you, and certainly not your material is your opinion of me. Obviously, with the fact that I do watch Mad Money w/ Jim Cramer makes me an idiot. Why do you waste energy slamming someone else when, that energy could be used more productively? Why even bring up Jim Cramer when you have so much to offer? Put the energy there. Every time I see your name on the internet, it’s never about you, and what you have to offer. It’s you, slamming Jim Cramer.  Much rather hear more of what you have to offer. Are you so filled with jealousy over not having a TV show that, you have reduced yourself to this playground nonsense? That was rhetorical, only asking that you give yourself an honest answer. You have value, and much to give but, not because, in your opinion Jim Cramer doesn’t. Knock it off, and focus on the information you have to offer. Yes, I enjoy Mad Money. One thing Jim Cramer emphasizes is, due diligence! I take him at his word as he has been wrong more than once. He emphasizes that because he, admits he has been wrong. It is entertaining to me, and I do get some valuable information to at least enable me to continue looking at the market. I have learned much on analyzing my market activity. I intend to learn more from you, as well but, it is difficult learning from someone who thinks I’m an idiot, and focuses so negatively on someone else. Both of you have different styles but, much to offer. When you finally free yourself from focusing so negatively on someone else, and referring to me as an idiot perhaps, I can feel a little better about reading your material word for word. Hopefully, you will move forward with an emphasis on you, and your work. Thank you, Dave Loevner

Let me get this straight Dave, you don’t want to read about trend following because a small part of my job is to slam your boy Cramer? I recommend sticking with him. Working with lost clients is not my cup of tea. Here are two more shows to add to your watch list: 1 and 2. When done there start at about the 27:00 minute mark here.

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.