57 min listen
Ep. 25: Michael Covel Monologue on Trend Following Radio
Ep. 25: Michael Covel Monologue on Trend Following Radio
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Length:
30 minutes
Released:
Jun 14, 2012
Format:
Podcast episode
Description
Michael Covel lays out 25 selected Trend Commandments. While these principles aren't all-inclusive, they're guidelines to help get you to understand the trend following mindset. Covel also brings up a recent review of "The Little Book of Trading" in the Financial Times and offers a response. This critic has a hard time wrapping her arms around the benefits of trend following; however, if you don't "get" trend following, you can't be beaten over the head with it. Covel disputes the criticism that, if you teach something, the sheer act of being compensated to provide information to people disqualifies you from having a valid opinion. If Nobel prize winner Daniel Kahneman gets paid to teach at Princeton, does that invalidate his work? The company Covel keeps with other traders might give a clue that he's speaking the truth. Covel also plays a clip from Nigel Farage on the genius of mutual indebtedness, the bailout of Spain, and the failure of the Euro. In a clearly volatile market, what are you going to do to prepare? How do you prepare for uncertainty when you can't trust just about anything? Trend following is the only trading strategy that has rational basis to it; it allows you to participate in the profits and protect yourself on the downside. Isn't that the goal? Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.
Released:
Jun 14, 2012
Format:
Podcast episode
Titles in the series (100)
Ep. 24: Tony Bazile Interview with Michael Covel on Trend Following Radio: Tony Bazile of Intrinsic Capital Management is a trend following trader specializing in stocks. Michael Covel talks to Bazile about his background, which is unlike anybody profiled on the podcast so far: He was a professional water skier into his 20s.... by Michael Covel's Trend Following