Michael Covel's Trend Following

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation. The topic is his book The Art of Thinking Clearly. In this episode of Trend Following Radio we discuss: Availability bias Statistics The sunk cost fallacy The difficulty of logical thinking Authority bias and outcome bias Process vs. outcome The irrelevancy and "white noise" of news Information overload Neomania and the obsession with the "new" Nassim Taleb, outliers, and the black swan J.P. Morgan, banks, and looking behind the facade Why watching and waiting is torture for people (the action bias) The idea that "the boat matters more than your rowing" The paradox of choice, closing doors, and settings fire to ships The "it will get worse before it gets better" fallacy and stop loss Applying these lessons to daily life Jump in! --- 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!

My guest today is Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. The topic is his book Shareholder Yield: A Better Approach to Dividend Investing. In this episode of Trend Following Radio we discuss: State of quant investing in Asia How asset allocation is like "bullets" The benefits of quantitative-style systems Protecting yourself against your own behavioral biases Connections between biology and trading Behavioral finance Keeping yourself from making irrational decisions Boom-bust cycles and bubbles Quant views on the efficient market theory and buy and hold Japanese markets compared to US markets "Cheap" and "expensive" countries and markets Asset class agnosticism Avoiding the big losses Investing based on dividends Momentum as a return factor Exit strategies Jump in! --- 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!

Please enjoy my monologue Bubble Pop with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!

My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms. The topic is Trend Following. In this episode of Trend Following Radio we discuss: What it was like working within the big firms Boorman's beginnings and how he found his way to where he is today What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today How regardless of your access, success comes down to the individual Price-based trend following vs. other technical analysis Boorman's early "a-ha" moments towards trend following Trend following complexity, and why it can be "simple, but not easy" Trading your own personality Van Tharp, risk management and position sizing Trend predicting vs. trend following The fantasy of calling tops and bottoms Why the major media outlets don't give trend following proper coverage, and why trend followers don't make good "copy" Mistaken emphasis on entries rather than exits The idea that Boorman "no longer having a need to be right" after he left Lehman Brothers Alpha capture Acceptance of trend following amongst the larger financial community Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker Jump in! --- 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!

Please enjoy my monologue Doing More With Less with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!

My guest today is Alpesh Patel, a hedge fund manager, Financial Times columnist and Bloomberg TV presenter. The topic is his book How to Win at Spread Betting: An Analysis of Why Some People Win at Spread Betting and Some Lose. In this episode of Trend Following Radio we discuss: Comparisons betweens stocks and futures What the winners have in common Trade frequency, and why active traders tended to do better in Patel's study Buy & holders vs. spread betters Academic vs. practical insights Whether Patel finds himself at odds with other Financial Times writers Why people like to imagine that trend following and momentum trading doesn't exist Patel's experience as an expert witness with "trend following on trial" Why the average person has difficulty with betting small, cutting losses, and letting winners ride George Soros, game theory and trading psychology Win/loss ratios A coin flipping experiment performed with Ph.D's, the importance of position sizing, and why systems aren't everything Why gut instinct is the opposite of what professional traders use Jump in! --- 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!

Please enjoy my monologue Trading Places & Nature v. Nurture with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!

My guest today is Tom Asacker, an artist, writer, inventor, and philosopher. He writes, teaches, and speaks about radically new practices and ideas for success in times of uncertainty and change. The topic is his book The Business of Belief: How the World's Best Marketers, Designers, Salespeople, Coaches, Fundraisers, Educators, Entrepreneurs, and Other Leaders Get Us To Believe. In this episode of Trend Following Radio we discuss: Choice and distraction/distrust Belief and its connection to how people make decisions and habit Faith healers and how information can change our beliefs and perceptions How the supermarket works as a metaphor for belief and choice Vernon Smith and Daniel Kahneman The instinctive "feeling" mind vs. the slow, deliberate thinking mind Leading people to choose themselves vs. just getting a job Thinking like a child Comfort vs. desire Why those that have nothing to lose can put themselves in the best position for success Pulling the curtain back on your own mind to determine what your own mind is doing to prevent you from living a full life The power shift to the individual via the internet Why we see what our minds are conditioned to see Practice, hard work, and passion The metaphor of baseball, perception, belief, and behavior Thinking your way to a change vs. acting your way to a change Alan Watts, and the question of "What if money was no object?" Jump in! --- 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!

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 the top reviewers for books about trading and investing, having read and reviewed several hundred books. The topic is trading. In this episode of Trend Following Radio we discuss: Risk management Position sizing The magic of compounding Why individual trades have very little meaning Turning down the volume on your emotions in your trades How your losses can be an education Concept and theory with regard to trend following Quantifying and capturing trends "Just trading the numbers" Greed and fear in the context of trends The common attitudes and misconceptions of novice to trend following traders Trading against the market vs. trading against yourself Drawdowns, and the importance of studying the track records of the great traders Entry and exit strategies The importance of starting "right" in every enterprise The curse of laziness Ignoring the talking heads Why you don't need 20 screens on your desk to trade optimally Cutting your losses The 1% rule Being blinded by the fundamentals Why if you diversify, control your risk, and go with the trend, it just has to work I.Q. vs. emotional intelligence (E.Q.) Technology and long term trend following Jump in! --- 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!

Please enjoy my monologue Gimp Investing with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!