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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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/
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Hope you enjoy my never-ending podcast conversation!
