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Tag: michael covel

Trend Following Podcast Praise

Posted on by Michael Covel

Feedback in:

Hi Mike, I just wanted to say Happy New Year and thanks for responding with a quote for my post in 2013. I’ve seen some great growth in the first year of my blog and I really appreciate the support. I hope 2014 treats you well and thanks for all of the awesome podcast interviews as they’re incredibly valuable.

Best Regards,
Dan

Thanks Dan!

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.

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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.

Breathe of Fresh Trend Following Air

Posted on by Michael Covel

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Mr. Covel, thank you for the breathe of fresh air. My goal this past year was to instructively listen to all your podcasts. Many, I have listened to twice. I have 5 more to go. I have seen your documentary and I am finally reading Trend Commandment[s], the last of the your books I need to read. I have been back-testing for many years now starting with Mr. Seykota’s Project page.

Sincerely,
Daniel

PS. The link below is an informative poster showing how Michael Jordan Failed many times yet still became a basketball legend: view.

Thanks Daniel.

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. 200: Tom Basso Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tom Basso
Tom Basso

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My guest today is Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager’s “New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, “Panic-Proof Investing” and “The Frustrated Investor”. Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Location independence
  • Making sure trading doesn’t take up your entire life
  • Stoicism
  • Trend following in the emotional arena
  • Mental exercises
  • The psychology of trend following
  • The “observer self”
  • The mental aspects of success
  • The importance of being able to lose small amounts of money
  • Why trend following does so well when the black swans hit
  • Basso’s daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start
  • Money management v. trading
  • Tinkering with current systems
  • Knowing when it’s a regular drawdown v. something really going the wrong way
  • Whether Basso is a one-system kind of guy v. multiple systems

In this episode of Trend Following Radio:

  • How to use mental exercises to improve yourself as a trader
  • Why the tolerance for losing small amounts of money can make you almost invincible
  • Tom’s daily trading routine: how to ensure you don’t spend the whole day making trading decisions
  • Why understanding strategic planning is key to being a successful trader
  • Trading for clients vs. trading for yourself, and the regulations that go along with that
  • Understanding the difference between a normal draw down vs. something really going wrong
  • Separating facts from opinions, and why it’s important in trend following trading

Listen to this episode:

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No More Bloomberg Radio!

Posted on by Michael Covel

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Hi Michael, Just thought I would drop you a note to say a big thank you for all the work you and your team are doing with the podcasts, not to mention your books as well. I stumbled upon your work whilst searching for information on Nick Radge who I have been learning from over the last 12 months, and listened to your interviews with him and have been hooked ever since.

I have been attempting to find my feet in the trading world for the last 4 years and have learned more in the last 12 months from Nick and yourself than I have since I started my journey. I used to listen to Bloomberg Radio (don’t judge me) and was really struggling to find relevant information that cuts through the bullshit and gets to the essence of what we need to know as new traders, thankfully I have found it.

The other comment I would like to ad in reference to your podcasts is the variety of people and the topics you cover is wonderful. I am going back into business in the near future and love hearing entrepreneurial tales and words of wisdom form those that have succeeded. Keep up the great work, you’re a true inspiration.

Cheers,
Troy Johnston

Welcome Troy!

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.

Making It Happen in 2014

Posted on by Michael Covel

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Dear Michael, I have recently discovered your work via your website and the Trend Following Bible. Wow! So many lightening bolts! It’s as if I’ve arrived at the shores of a New World. I’m in the process of learning, absorbing and immersing myself into the world of trend following and my mind is in over-drive thinking of how I can create a life and a living in trend following trading. I simply wanted to say thank you for the work you have done, and are doing, to educate and inform people about this fascinating field. Genuine life altering experiences are rare but this has been one for me, for this I am truly grateful. Here’s to a thriving 2014 and making it happen.

Best regards,
Alex
Maidenhead
England

Thanks Alex.

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.

The Schooling of Trend Following

Posted on by Michael Covel

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Dear Mr. Covel, I am a First-Year MBA student at the University of Virginia and I am very interested in trading and trend-following. I enjoy your books and your podcast very much and learn a great deal from them. Ever since reading Trend Following four years ago, I have researched and developed trend-following systems and I currently trade a trend-following system for my personal account. After business school, I would love to conduct research for a quantitative investment firm while apprenticing under a fund manager/system developer. I would love to speak with you about what I could do to realize this ambition. Would you be available for a 30-minute phone conversation on January 9th at 11 a.m.? If that time does not suit you, please feel free to suggest another.

Thanks and I hope to hear from you!

All the best,
Jake

Once I get back to Asia in February we can schedule a call.

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.

Getting Started with Your Trading Business Advice

Posted on by Michael Covel

A recent email exchange:

Justin: I’m not sure if you’d be willing to help, but I’m struggling with the next step(s) for a trading related software/app project I want to pursue. I have the idea/functionality and ideas for pricing models in mind but I haven’t taken the step of getting someone to actually write the application/develop the site. It’s not a terribly complex idea, but it’s related to one of the key areas of success for all traders & I have yet to see a service meet this need. I have no experience in dealing with intellectual property issues so I’m concerned about protecting the idea (if it’s even possible at this early stage). I was wondering if you might be able to provide any insight/advice since I know you’ve had great success in creating proprietary systems. If you need more info to help please just let me know. If you’d be willing to take some time to Skype & talk through it I’d love to have the chance to pick your brain. Thanks for any help you can offer.

Covel: Not sure I follow. Can you be precise what you are doing and how I can help?

Justin: Sorry. I have a trading service/application I want to develop. But I don’t know how to protect the idea or if I even can at this stage as it’s only an idea. I’d love to give you an overview of what it is so you can better understand what I’m talking about but also for honest feedback on the potential value it could provide to other traders but I am very ignorant when it comes to IP. When you were getting your projects going in the past did you protect the idea by something akin to a non disclosure agreement? Or did you have some other means to protect the idea while working with other people to get it from the idea stage to reality? I apologize as I know I’m being vague but I hope this makes more sense.

Covel: There is not a short answer. Best answer? IP attorney time. If not, you probably pay more later than less now.

You may also wish to read my article on Andrew Carnegie’s adress on the keys to success in business and to my David Burkus podcast interview.

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.