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Ep. 374: The Death Cross with Michael Covel on Trend Following Radio

The Death Cross with Michael Covel on Trend Following Radio
The Death Cross with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue The Death Cross 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:

  • The importance of ignoring old concepts
  • Trend Following is about taking action
  • Why no one can predict where the market is headed
  • Incorporating the Death Cross into a diversified portfolio
  • Understanding momentum trading
  • The idea of “heuristics”

“Woe to the unwary trader who relies on the urban legends to inform an outlook.” – Barry Ritholtz

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.

Ep. 373: Lasse Pedersen interview with Michael Covel on Trend Following Radio

Lasse Pedersen
Lasse Pedersen

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My guest today is Lasse Pedersen, a finance professor at Copenhagen Business School, principal at AQR Capital Management, and author of the new book “Efficiently Inefficient”. Pedersen earned his Ph.D. in finance from Stanford University and has over a decade of experience in the industry.

The topic is Trend Following.

In this episode of Trend Following Radio:

  • Discretionary vs. quantitative trading
  • The importance of sticking to your financial plan
  • The various investment styles of the successful
  • How reflexivity affects market prices
  • Backtesting to identify effective investment strategy
  • The role of hedge funds

“I think that good quant investment managers can really be thought of as financial economists who’ve codified their beliefs into a repeatable process. They are distinguished by their diversification, sticking to their process with discipline, and the ability to engineer portfolio characteristics.” – Cliff Asness

Mentions & Resources:

Listen to this episode:

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

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

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.

How the Markets Tempt Us Into Making Mistakes

Feedback in:

Hi Michael,

Saw this article and immediately thought about trend following. There are the obvious aspects like being systematic, following the trend lines and thinking for the longer term. The interesting part was the discussion of the retiree and the temptation of the markets to derail his disciplined approach. I see the temptation of the markets being the greatest enemy to the discipline required to be a trend-following trader. Please enjoy.

Thanks,
[Name]

PS. Thanks for you all your work. It’s really appreciated.

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.

Also jump in:

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Frequently Asked Questions
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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.

“Listen, I surrender, you beat me Mr. Market, now where do you want to go?”

Feedback in:

Hey Michael,

Recently I started listening to your podcast and have been researching a bit of what you have been saying. I find your podcast I be extremely informative. I think sometimes it’s the kind of kick in the ass the public needs so I am glad you are out there speaking your mind on a lot of important topics.

I did find a lot of research verifying that trend following is a valid strategy and one where a lot of people have made a decent amount of money. However, I couldn’t find very good information as far as annual returns over the long-term goes. Can you send me some of this?

The trend following system, in general, makes a lot of sense. Trends happen, obviously. Those who want to be a passenger can be and can make a lot of money. Intuitively I like the idea. It appeals to my sense of logic. You’re not trying to figure out anything. You’re merely saying, I don’t know where this will go, it seems to be going somewhere, and you buckle your seat belt. The seat belt is the stop-loss in this analogy.

Anyhow, just wanted to send a kudos your way. Keep up the good work. Would like to hear you talk more about a lot of people that are in boats they never thought they’d be in. For instance, in my case, I got myself into a lot of debt via students loans. It’s not an easy ride in this economy to have a degree no one cares about (I have an MBA). Agree with the entrepreneurial lifestyle. I worked a dead-end job for a bit of time and now am ready to move on to something new and try to get out of the “zombie-like” mindset.

I have subscribed to a while to value investing and found lots of research to show it does work. The problem with value investing, compared to trend following, is that it takes a tremendous amount of work to try to figure out something the market doesn’t already know or find where the market differs from the underlying value of a company. Trend following seems to hold up the white flag and say, “Listen, I surrender, you beat me Mr. Market, now where do you want to go?”

Regards,
Larry H.

Thanks! Data? See.


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.

Trend Following Works Across all Markets

Looking for a system that works in all markets? Consider some feedback:

Hello Mr. Covel from Turkey, I have read your book. I have been interested [in] trendfollowing for 4 years, but I am look[ing] for [a] trading system that work[s] for everything–all markets. I have not found the system that works [for] everything, and it makes me angry. Can you give me advise [on a] system that work[s] everywhere?

Best Regards,
[Name]

Note: I have been back testing for 4 years.

My trading systems work on all markets: read. Have you reviewed? Also, don’t be angry. That won’t help you.


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.

Trend Following Is for Many Markets in Many Countries

Trend following is flexible. You can use it to trade different markets in different countries. Some feedback in:

Hi, I have read Michael’s 5 books and am interested to find out more about the training of trend following. I would like to know in what format is the training to be taught? Online lessons? DVDs? Online webinars? I am only interested in trading stocks and options. Not interested in Forex or other instruments. What is the percentage of materials being taught as pertaining to stocks and options trading with the trend following system? I am somewhat a newbie for 18 months. Read a lot and studied a lot. I am only interested in technical trading, not fundamentals at all. Not interested in trading commodities neither. Is there a detail content index that I can receive from you before I can make my decision in taking the program? I have previously communicated with Michael after Tim Skyes’s Las Vegas Conference last year. Thank you, [name]

As a trend follower you can trade these instruments: ETFs, LEAPs options and futures. ETFs allow one to trade stocks–if that is their familiarity. However, while those are three “instruments” to trade–the selection of markets is much wider. You definitely want to trade currencies and commodities as a trend follower, and you can use ETFs to do that. If you can use ETFs to trade currencies and commodities–does that alleviate fear? If not, I would like to understand your fear.

Content details here. Have you seen that? Our process? Our contents?


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.