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Tag: Trend Following

Man Investments Employee Sounds Off

Posted on by Michael Covel

Someone from Man Investments posted this today:

“As an employee of one of the largest CTAs I can catagorically [sic] state that we do change our models. This is, amongst other things, what us researchers are employed to do. I think that the assumption that all major CTAs run the same or similar models is also fairly amusing. Not all CTAs using EWMAs for example. At our shop we use four types of models to determine the level of momentum from markets, EWMAs being just one.”

Later in the day the same person posted:

“I agree that they are not changed every day but it is not as black and white as you appear to be making it.”

So you have a system that changes the system at Man?

Isn’t that a system?

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Larry Hite, Ed Seykota & Michael Covel Panel

Posted on by Michael Covel

Larry Hite, Ed Seykota & Michael Covel June 21 panel in Chicago:

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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.

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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.

Lao Tzu: A Wise Trend Follower

Posted on by Michael Covel

Lao Tzu was wise:

“A good traveler has no fixed plan, and is not intent on arriving.”

“If you look to others for fulfillment, you will never be truly fulfilled.”

“When I let go of what I am, I become what I might be.”

“People in their handlings of affairs often fail when they are about to succeed. If one remains as careful at the end as he was at the beginning, there will be no failure.”

“Respond intelligently even to unintelligent treatment.”

“If you do not change direction, you may end up where you are heading.”

“The power of intuitive understanding will protect you from harm until the end of your days.”

“When you are content to be simply yourself and don’t compare or compete, everybody will respect 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 Panel Event: Chicago June 21 10am

Posted on by Michael Covel

I will be moderating a panel event at MFA’s Forum 2011. The panelists include Larry Hite and Ed Seykota.

NOTE: Go to http://www.managedfunds.org/forum2011 and register as a guest. Use the the code TRENDS250 and you can register for Hite/Seykota/Covel panel only — for $250.

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.

David Ricardo’s Golden Rules: Trend Following in the 1700s

Posted on by Michael Covel

David Ricardo (19 April 1772 – 11 September 1823) was an English political economist, often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill. According to an 1838 book, The Great Metropolis, Volume 2, Ricardo had certain golden rules:

“As I have mentioned the name of Mr. Ricardo, I may observe that he amassed his immense fortune by a scrupulous attention to what he called his own three golden rules, the observance of which he used to press on his private friends. These were, “Never refuse an option when you can get it, cut short your losses, let your profits run on.” By cutting short one’s losses, Mr. Ricardo meant that when a member had made a purchase of stock, and prices were falling, he ought to resell immediately. And by letting one’s profits run on he meant, that when a member possessed stock, and prices were raising, he ought not to sell until prices had reached their highest, and were beginning again to fall. These are, indeed, golden rules, and may be applied with advantage to innumerable other transactions than those connected with the Stock Exchange.”

Said another way: trend following.

Read 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:

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• Frequently Asked Questions
• Performance
• Research
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• 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.

Mark Rosenberg of SSARIS: ‘Deal with It’ Wisdom

Posted on by Michael Covel

Back in the mid-nineties I met Mark Rosenberg for the first time in his office in Stamford, CT. Rosenberg was/is a trend following trader. Recently, I caught this line from him describing John W. Henry:

“In 1980, Henry told me, ‘I’m going buy the St. Louis Cardinals.’ I told him, ‘You don’t have any money,’ but he always believed he would.”

Such a good piece of wisdom. Well, Henry did not end up with the Cardinals, but the Boston Red Sox were a nice consolation prize!

Fun story about Rosenberg? When I first met him he shared a great trading/entrepreneurial ‘way’ that always stuck with me. Sitting in his private office, and I still remember the book Future Shock prominently displayed, Rosenberg talked about the ups and downs of trading along with the mental outlook needed to excel. He told me that when the down times came, those losing money times, he would always come home and tell his wife that it was back to “franks and beans”. Meaning, he adjusted. He was pragmatic. He always cut back until trends came back.

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.

CNBC’s Joe Kernen Interviews David Harding; Can You Spell No Preparation?

Posted on by Michael Covel

So was Joe Kernen really that clueless before interviewing David Harding? Or was his apparent lack of knowledge regarding trend following done on purpose to try and marginalize Harding?

Either way, Kernen is pathetic.

More here and here. Learn more about Winton Capital Traders Group.

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.