39 min listen
Ep. 372: Letting Your Systems Run with Michael Covel on Trend Following Radio
Ep. 372: Letting Your Systems Run with Michael Covel on Trend Following Radio
ratings:
Length:
31 minutes
Released:
Aug 17, 2015
Format:
Podcast episode
Description
Many that aspire to be successful investors or traders look up to Warren Buffett as a role model. Yet the chances of anyone amassing that wealth by following the same path as Buffett are extremely unlikely. Debating survivorship bias seems perfectly appropriate, but that's never broached.On the other hand, becoming the next Bill Dunn or Ed Seykota (or fill in the blank with the name of any trend follower) has much more possibility. In the trend following world there are many more successful traders, successful examples, which is much more motivational and inspiring.In this episode, Michael Covel curates excerpts from Kevin Bruce, Jim Simons, and David Harding. All three talking about systems and or trend following. The important point about systems is not just selecting the right one, but also sticking to it once selected. Often people are tempted to make discretionary calls and override a system, defeating its original purpose. Instead, the potential rewards and risks inherent in a trend following system should be evaluated at the beginning, discretionary calls made at the outset, then let the system run without interference. That is the path to potential success.
In this episode of Trend Following Radio:
The importance of practice and persistence in trading
Finding trends mathematically
The importance of not overriding systems
Being prepared for drawdowns
Looking at the S&P 500 as a trading system
Dispelling the myths of the mainstream financial world
Get a FREE Trend Following DVD here.
In this episode of Trend Following Radio:
The importance of practice and persistence in trading
Finding trends mathematically
The importance of not overriding systems
Being prepared for drawdowns
Looking at the S&P 500 as a trading system
Dispelling the myths of the mainstream financial world
Get a FREE Trend Following DVD here.
Released:
Aug 17, 2015
Format:
Podcast episode
Titles in the series (100)
Ep. 20: Timothy Sykes Interview with Michael Covel on Trend Following Radio: Covel talks to entrepreneur/trader Timothy Sykes. While their views differ on trading approaches, they agree on certain base principles--especially their skeptical nature and not trusting the system. Sykes is not a trend following trader, but Covel... by Michael Covel's Trend Following