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Tag: Trend Following

“I believed you would appreciate my ‘oh shit’ aka ‘aha moment’…”

Posted on by Michael Covel

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Michael,

I am a regular listener to your podcasts. I appreciate the wide variety of incredible guests and the disparate and yet relevant topics that they discuss. I’m impressed by your ability to ask “that” question that the guest responds “no one has ever asked me that before.” It’s recognizable that you must do a lot of research prior to each interview.

One such compelling and yet disturbing interview was with Ed Seykota, podcast #355. Among other things, you discussed some major topics from his book Govopoly. His statement that things, politics/the economy/government/society, are the way they are supposed to be and that there is nothing to be done about them ran counter to my world view. I was shaken by his statement that “I don’t think there is anything to fix.” I’m a person that believes when you realize things have strayed from the correct path you fight to bring them back in line. I guess the real question is what is the correct path.

I shared the podcast with a close friend who I enjoy debating topics like these with. His response was basically that he assumed the game was over long ago and he was resigned to his fate. Again this ran counter to my belief system.

Over two years after listening to you and Ed, I was listening to “The Death of Money,” a book by another of your podcast’s alumni, Jim Rickards. About halfway through the book Jim discusses the Federal Reserve. I know that there are varying opinions on the FED and I didn’t have very much knowledge on the subject so I decided to finally breakdown and listen to “The Creature from Jekyll Island.” Holy shit! I only made it through 3 chapters before I felt compelled to listen to the Ed Seykota interview again. I’m not naïve when it comes to my understanding of how things work in America but even if a small portion of what is said in “…Jekyll Island” is true I now understand where Ed is coming from. The mechanism is too big, too entrenched, and too interwoven into the fabric of our government and society to be fought to any meaningful affect.

I just thought I would share this bit of circular podcast listening with you. I believed you would appreciate my “oh shit” aka aha moment concerning our society. Any thoughts? Have you done an interview with G. Edward Griffin? It may be interesting to hear what he has to say on the Trump era.

Thanks again for your truly insightful podcasts.
[Name]

No thoughts. I just appreciate your feedback!

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.

“I serendiptitously had Ed Seykota as neighbor…”

Posted on by Michael Covel

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Michael,

I started my career with E.D.&F. Man in NYC in the early 1980’s and later in London. I had the pleasure of meeting Larry Hite & Peter Matthews in New York. They started me on my trend following and quantitative asset management journey.

Between NY and London the Man Group had me work for a while in Hamilton Bermuda. While living on an incredible estate on the South Shore I serendipitously had Ed Seykota as neighbor (he lived in the main house and I lived in the guest house on the old J.P. Morgan estate). Ed was generous with his time, whiskey and cigars and I learned a great deal in the short time we were neighbors.

In London, I was around for those exciting years when Man began its initial expansion into the CTA/AI world. One of its first major acquisitions was of AHL (Adam, Harding and Leuck).

Your book is like a walk down memory lane for me and I wanted to thank you for it!

What strikes me as incredible is just how resistant mainstream institutions remain after over 3 decades of evidence as to the efficacy of trend following and the abject failure of EMT based asset management. I work for a major US Bank/Brokerage/Financial Management Firm of the ‘Too Big to Fail” ilk and the policies it pursues are clearly about managing their “liability” as opposed to managing their clients money in a results oriented manner. Fortunately, I have found a team within this environment that is swimming against the current and has fully embraced trend following to develop strategies for its clients. Our activities are viewed as subversive but are for the most part tolerated…to date.

I look forward to devouring your book and the ammunition it will provide me in my personal mission to help as many innocent investors stuck in the EMT trap!

Best regards,
[Name]

Thanks for the great feedback!

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.

“They are absolutely fantastic! There is so much good material…”

Posted on by Michael Covel

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Hi Michael,

I am from [Name]. I am a discretionary trader. I had some success and lot of failures over 10 years that I have been trading. I have tried all sorts of different methods. I have had success with option writing strategies and blown my account up a few times with with the same methods. A few months ago I was googling “Good Trading Podcasts” and I stumbled upon your website. I have listened to approximately 30 to 40 episodes from Trend Following Radio. They are absolutely fantastic! There is so much good material in them and you prepare very well for each episode.

I am just about to go for a 7 hour drive home now and I will be listening to 7-10 more episodes on my way. They make long drives go by so fast. I am interested in the methods you are promoting and am looking to find out more about them. Since you have done so much good work with the podcasts I am going to be purchasing the 4 books you have published (I believe you have 5 books but your newest Trend Following Book covers everything from the first edition. Correct?). You also have me interested in Jack Schwager’s material along with many other people’s material who you have interviewed. Anyway I will be purchasing your books this evening when I return home. Thanks again for the great podcasts and the amazing guests you have on them. You just made another sale because of it.

Thanks!

Starting steps: www.trendfollowing.com/start

PS. Yes, newest edition of TF (Wiley; 2017) is what you need.

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.

“If you have your mind made up without finishing the book, best of luck…”

Posted on by Michael Covel

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Hi Michael,

I am interested in getting into Trend Following and am trying to find good entry and exit signals but I haven’t found anything good yet. I am also reading your book, about 40% through, and find that it is very generalized and more defending trend following without helping someone who is already convinced.

Appreciate your advice!
[Name]

Have you read Chapter 10? Have you read Section III? Why the fixation on entry/exit alone over other parts of trend following that are clearly far more important? Please also define good. You have narrowed your focus to one item that you perceive withheld from you and all else is apparently superfluous. I am open to a discussion, but if you have your mind made up without finishing the book, best of luck.

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.

“Systematic trend-following may well be the best kept secret in finance…”

Posted on by Michael Covel

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Hi Michael:

I’ve just submitted a brief review to Amazon UK [for Trend Following]. I’d do the same for Amazon.com but the site keeps redirecting to the UK website. If there’s some way round this I’d be happy to post it there too. Feel free to use this in any way that might be helpful.

“Systematic trend-following may well be the best kept secret in finance. A friend of mine recently crunched the numbers on the best funds in the world. To make the final cut, a fund had to have an audited 20 year track record, and over that period also had to have earned net annualised returns of at least 20%. That’s an almost impossible hurdle. 11 funds made the final cut. Six of them were trend-following funds.

It’s not just about returns, it’s also about diversification. Trend-following funds tend to zig when other, more traditional funds, zag. And in 2008, for example, one of the worst years for financial markets in living memory, trend-following funds generated high positive returns. Given the egregious overvaluation of most stock and bond markets today, trend-following funds almost certainly have a role to play in anyone’s portfolio.

Intrigued? Want to know more? This book will likely become the bible with regard to the trend-following sector. In writing it, Michael Covel has, once again, acted as the ambassador for the industry. A great job, and an excellent introduction to one of the most fascinating – and successful – forms of trading out there.”

Best
Tim Price

Thanks Tim!

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.

“Who are these people who disagree?”

Posted on by Michael Covel

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Hi Covel, want to give a suggestion to your podcast. I bought & read your book and I’m 99% converted into trend following. Great book, great info. However I would love to listen to a podcast episode where you interview someone intelligent who disagrees with both 1) you and 2) trend following. Its good to hear and know the 2 sides of the argument before I embark on this road. I think many of your listeners would also love to hear that. It would add to your credibility having the guts to bring someone who might expose you.

[Name]

Who are these people who disagree?

Seriously.

Names?

And what exactly are they coming on to disagree about? Cause they are not disagreeing with just me, they are disagreeing with every trader, academic and fact in my book.

Bottom line, this is not just Michael Covel v. the investing world.

Note: Ideas for a real person who fits his 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.

Ep. 568: Steve Burns Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Burns
Steve Burns

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My guest today is Steve Burns. He started investing in 1993, and trading his own accounts in 1995. It was love at first trade. A natural teacher with a gift for cutting through the bull and making complex ideas simple, Steve took to blogging and social media by founding New Trader U in 2011. New Trader U has attracted hundreds of thousands of visits a month, becoming the go-to resource for people who want to build a strong trading foundation. New Trader U offers an extensive blog resource with more than 1,000 original articles, as well as online courses and best-selling books covering a variety of topics.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Trend following
  • Taking a loss
  • Risk management
  • Proper psychology
  • Mindset

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