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Ep. 153: Trend Following In An Insane World with Michael Covel on Trend Following Radio
Ep. 153: Trend Following In An Insane World with Michael Covel on Trend Following Radio
ratings:
Length:
23 minutes
Released:
Sep 1, 2013
Format:
Podcast episode
Description
Jim Quinn has a blog called "The Burning Platform", and Michael Covel reads a blog post of his called "Trying To Stay Sane In An Insane World". It's tough to disagree with as Quinn hits the mark. This is a fantastic way to think about Covel's world, the trend following world, in the context of trading. In Covel's world, if Quinn is describing the world accurately, there is no better solution for the chaos than trend following. Quinn makes the case that the chaos isn't going to end anytime soon. Covel goes on to read a short excerpt from CBS MarketWatch that dovetails in nicely to the end of Quinn's piece. This piece discusses the blind optimism of many investors. Covel notes that if this is the landscape that we're facing, if this boom-bust cycle is here in perpetuity, then there's only one strategy that makes any sense. There's only one strategy that has any proof of success: trend following. Trend following is the strategy that takes advantage of societal insanity: whether it's the politicians and the bankers, or the people that blindly follow them. At the end of the day once you've accepted the wisdom of these two articles, you can't really get upset about it. That's the world, the hand dealt. So what can you do? You can pretend to know all and be a fundamental follower, but if you've got a rigged system, the fundamentals don't matter. Or you can accept our upside down world and take advantage of it with a trend following mindset and strategy. Free trend following DVD: trendfollowing.com/win.
Released:
Sep 1, 2013
Format:
Podcast episode
Titles in the series (100)
Ep. 13: Mark Melin Interview with Michael Covel on Trend Following Radio: Michael speaks to Mark Melin, a managed futures expert, editor/writer for Opalesque, and author. Melin has become a defacto investigative reporter for the MF Global scandal. Covel and Melin consider the MF Global story from the very beginning, back to... by Michael Covel's Trend Following