Michael Covel's Trend Following

Latest Episodes:

Ep. 60: Persistence, Patton and Reincarnation with Michael Covel on Trend Following Radio Sep 20, 2012

Show notes

Please enjoy my monologue Persistence, Patton and Reincarnation 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. 59: Don't Let Them F*** You Around with Michael Covel on Trend Following Radio Sep 18, 2012

Show notes

Please enjoy my monologue Don't Let Them F*** You Around 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. 58: Dirt Off Your Shoulder with Michael Covel on Trend Following Radio Sep 13, 2012

Show notes

Please enjoy my monologue Dirt Off Your Shoulder 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. 57: Dr. Alexander Elder Interview with Michael Covel on Trend Following Radio Sep 12, 2012

Show notes

My guest today is Dr. Alexander Elder, a trader, educator and author. Dr. Elder's unique and inspiring story starts with his dissatisfaction with the system in his home country of Estonia. At 23, while working as a ship's doctor, he jumped a Soviet Union ship in Africa and received political asylum in the United States; he also ended up on the KGB's wanted list. Dr. Elder worked as a psychiatrist in New York City and taught at Columbia University.

The topic is his book Trading for a Living: Psychology, Trading Tactics, Money Management.

In this episode of Trend Following Radio we discuss:

Experience as a psychiatrist provided him with a unique insight into trading
Psychology of trading
How a high degree of education can sometimes be a hindrance
The most dangerous personality traits to have as a trader
The stages of trader development
The importance of money management
The importance of keeping records and diaries of your trades
The notion of exiting long positions and shorting weakness
The similarities and differences between traders in different geographic locations
How financial markets can be like manic depressive patients

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. 56: Steve Brechtel Interview with Michael Covel on Trend Following Radio Sep 07, 2012

Show notes

My guest today is Steve Brechtel. Over the past 20 years Brechtel has worked as a trader for three of the top 100 hedge funds in the world: Trout Trading (now Tewksbury Capital) in Chicago and Bermuda, Crabel Capital in Milwaukee, and now Two Sigma in NYC (a $10 billion fund) -- all short-term systematic funds.

The topic is trading.

In this episode of Trend Following Radio we discuss:

Brechtel's history, from his beginnings roughing it as a Pizza Hut manager while working an insurance job, to finding his way to Monroe Trout, to working at Crabel, to his career at Two Sigma today
History in Virginia
Why he was hired at Monroe Trout in the first place as a new trader and the advantages of having a beginner's mind
The difference between the short term/systematic traders that Brechtel worked for and the longer term trend following Covel talks about
The six strategies Brechtel learned trading the pits
What's changed and what's the same now that technology has evolved
Ayn Rand, objectivism, and Trout
Brechtel's transition from Trout to Crabel, and the differences between these two firms
His work at Two Sigma today
Brechtel's screenplay ("Unhedged") using hedge funds and high finance as its backdrop
Writing the script, how his movie differs from other Wall Street movies
Covel talks with him about his experience in making his own documentary, "Broke: The New American Dream"

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. 55: The Human Marionette with Michael Covel on Trend Following Radio Sep 07, 2012

Show notes

Please enjoy my monologue The Human Marionette 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. 54: Steve Burns Interview with Michael Covel on Trend Following Radio Sep 05, 2012

Show notes

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of this site's top reviewers for books about trading and investing having read and reviewed several hundred books.

The topic is his book New Trader, Rich Trader: How to Make Money in the Stock Market.

In this episode of Trend Following Radio we discuss:

Tech bubble of the late 1990s
Chapter titles in Burns' book
Problems with buy and hold
How "rich" can be a mindset rather than a number
The role of luck and circumstance in trading
Staying away from the need for constant action and waiting for the "fat pitch"
Developing a robust system
Staying away from predictive trading approaches
Viewing the markets as a video game as a means to help with trend trading understandings

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. 53: Catching The Frisbee with Michael Covel on Trend Following Radio Sep 04, 2012

Show notes

Please enjoy my monologue Catching The Frisbee 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. 52: Courtney Smith Interview with Michael Covel on Trend Following Radio Aug 31, 2012

Show notes

My guest today is Courtney Smith, a trader, author, money manager, educator, and speaker. Smith has been trading for forty-plus years. He's written seven books and is a frequent commentator on television.

The topic is trading.

In this episode of Trend Following Radio we discuss:

Smith's start, and his experiences with trend trading and Richard Donchian's systems (and the experience of testing these systems on computers in the mid-70s)
Today's climate for trading, and how it compares to what times felt like in the 1970's
The psychological components to trading systems
The importance of speculators (and why they're often unfairly put in the position as a political whipping-boy)
"Hope" in the marketplace
Drawdowns
How "markets are markets"
High frequency trading
The informational value of studying track records
The idea of being "flat" in the market
The importance of ignoring television
Trading methods that should be avoided

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. 51: Charles Faulkner Interview with Michael Covel on Trend Following Radio Aug 29, 2012

Show notes

My guest today is Charles Faulkner, a trader, mentor and author who has been featured in Jack Schwager's "Market Wizards" series. Faulkner is an international expert on modeling the knowledge and performance of exceptional individuals, teams and organizations, and applying the latest research in cognitive neuroscience and linguistics.

The topic is his book Higher Level Trading: The Five Stages to Trader and Investor Mastery.

In this episode of Trend Following Radio we discuss:

Faulkner's idea of "system one" and "system two" - a dual-process theory of how the brain works - and how it relates to trading
Herding, bubbles, and panics and how they relate to "mirror neurons", group think, and sheep behavior
The idea of making sense of the world through our bodies (and how this might be relevant to trading)
Neurolinguistics (the relationship between the neurology of the brain and the language we use)
How our brains crave stories (and how we have to be careful how we use them)
The importance of using money to buy experiences over objects

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!