Michael Covel's Trend Following

Latest Episodes:

Ep. 120: Taking, Not Trading with Michael Covel on Trend Following Radio May 09, 2013

Show notes

Please enjoy my monologue Taking, Not Trading with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 119: On Being Picked with Michael Covel on Trend Following Radio May 05, 2013

Show notes

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

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 118: The Trends of China with Michael Covel on Trend Following Radio May 03, 2013

Show notes

Please enjoy my monologue The Trends of China with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 117: Charles Faulkner Interview with Michael Covel on Trend Following Radio Apr 14, 2013

Show notes

My guest today is Charles Faulkner, an author, trader, and international expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in "The New Market Wizards" by Jack Schwager. Faulkner has a new book coming out this fall called "Higher Level Trading: The Five Stages To Trading and Investor Mastery".

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

Human behavior and the investor's psyche
How Faulkner came to put together his newest book, and the qualitative differences between the five levels of experience, knowledge, and understanding
Developing the different levels of thinking that lead to expertise, and the correct path to take to developing these skills
Preparation, effort, "doing the work", and the right way to jump into investing
Some of the commonalities between those profiled in the "New Market Wizards" book
Ed Seykota's recent statements on day trading
Behavioral economics
The idea that the less you know about something the more convinced you are that it is true--and how a little knowledge can be a dangerous thing
"Perfection seekers", variation, and letting perfection slow you down
Outliers and the potential to make a change in your thinking
Efficient markets, Vernon Smith, and bubbles
Imagery, stories, prediction, and the skill of conceiving multiple scenarios
Reducing information, and vetting your inputs to find out what information is important and what isn't
Why we are most influenced by parts of our environment that we are unaware of

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 116: Jerry Parker Interview with Michael Covel on Trend Following Radio Apr 10, 2013

Show notes

My guest today is Jerry Parker. In 1983, Parker was accepted into the Turtle Program, a select investment training program developed by successful Chicago portfolio manager Richard Dennis. He appears in Covel's "The Complete TurtleTrader" and has been the most successful TurtleTrader. Parker founded Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Mistake of combining different strategies with trend following, and the importance of having a concentrated strategy that you can rely on
How discretionary moves can get in the way of your system, and "systematized discretion"
The psychological effect of following a trend following strategy for decades
The idea of going for positive expected value over what's least risky
Why Parker doesn't like to use the term "managed futures", and why it doesn't really tell the story of trend followers
Trend followers performing well at different points in time compared to long-only
Using trend following as another strategy for investors who only invest through a long-only value-based system
The importance of not letting your views on politics and society influence your trading, and maintaining a systematic and disciplined approach
The growth of news media since 1984, information overflow, limiting your variables, and using price as your primary indicator
How Parker has learned over the years to deal with drawdowns, loving your losses, and the importance the Turtle program played in his education on drawdowns
Why governments are the ultimate counter-trend traders
Why buy and hold is not a good place to be even if people are saying it's turned around
Parker's stock-only trend following program, and why the diversified program will do better than the stock-only system
Leverage as a tool

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 115: Where Fundamentals Break Down with Michael Covel on Trend Following Radio Apr 08, 2013

Show notes

Please enjoy my monologue Where Fundamentals Break Down with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 114: Distraction, Day Trading and Singapore with Michael Covel on Trend Following Radio Apr 04, 2013

Show notes

Please enjoy my monologue Distraction, Day Trading and Singapore with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 113: Risk, The Unexpected and Black Swans with Michael Covel on Trend Following Radio Mar 29, 2013

Show notes

Please enjoy my monologue Risk, The Unexpected and Black Swans with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 112: Interview with Michael Covel on Trend Following Radio Mar 27, 2013

Show notes

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

---

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 111: Nick Radge Interview with Michael Covel on Trend Following Radio Mar 20, 2013

Show notes

My guest today is Nick Radge. Radge operates The Chartist (www.thechartist.com.au). He began trading in 1985. During a stint working for an investment bank in Singapore Nick dedicated his evenings testing trading strategies; 2 hours a day for 18 months, a total of at least 750 hours. Nick's first book, Every-Day Traders (John Wiley & Sons Australia Ltd, 2003), was written to identify the traits of successful traders.

The topic is his book Unholy Grails - A New Road to Wealth.

In this episode of Trend Following Radio we discuss:

How the trend following world is foreign to many people
The importance of drawing distinctions between traditional value investing and alternative systems like trend following
How the name of the game for many fund managers is not necessarily performance but funds under management
Playing the game of mathematics vs. playing the game of picking the right stocks
Why the US stock market has gone straight up despite all the fear going on elsewhere in the world, and why you shouldn't "fight the tape"
Closet trend followers
Why price can't be faked
Trade restrictions, cultural attitudes, and the importance of being able to step out of the crowd
Why individuals have an advantage over fund managers
The value of understanding trend following even when you don't actually use it as a strategy
Spotting 'trends', how you can't spot a trend until it's started or until it's over, and using hitchhiking as an analogy for trading
How trend following is useful when outlier events and black swans appear
Using rules and strategies to fight fear
The difficulty of using Warren Buffett as an example, and the problems that arise when managing larger amounts of money
Radge's thoughts on being an entrepreneur