Thank you for sharing your knowledge…

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Hey Micheal, I have recently started as an intern at a financial planning business and they invest in and are great believers of trend following. I am looking to learn as much as possible and have started reading your books and listening to your podcasts and I am really enjoying them. Thank you for sharing your knowledge and I hope to keep learning and developing in the future. I was wondering if you could help me get the first 60 episodes of your podcast because they don’t show up on iTunes. Anyway keep up the great work. Hope you hold a conference in Australia in the future.

All episodes.

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Posted in Feedback, Trend Following

Jim Rohrbach Offers Insight on Darvas

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Mike:

I am so pleased that you discovered Nicholas Darvis. I bought his book “How I Made 2 Million Dollars in the Stock Market” in the early 1960′s. That’s when I first started developing my RIX Market Timing Index. I loved that book and I lent it to someone or gave it to someone. There were many lessons in that book for a young guy trying to figure out how to invest with the trend. Like, “Never Sell A Rising Stock”. His transactions were documented very well I thought. Stay out of market board rooms. He definitely influenced my thinking about identifying changes in the trend of the stock market. I could not put down the subject and I spent 7 years developing my RIX Index which accurately identifies changes in the trend of the stock market. It has worked for over 40 years and it frequently gets me ranked No. 1 in the country on Timer Digest’s Top Ten Timers List. Yes, Nicholas Darvas is the real deal and I am so glad that you are telling your readers about him. He is definitely one of my [mentors]. I am pleased that you are bringing his work back to life. I hope your readers study what he said in that book!

Your friend,
Jim Rohrbach

Thanks Jim!

Note: People can listen here.

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Posted in Feedback, Trend Following

Spinosaurus Trading System Now Available

Bonus episode (listen) that discusses new trend following trading system available now. Instructions to receive PDF report can be heard here.

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Posted in Systems Trading, Trend Following

Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio

Richard Feynman

Richard Feynman

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There is often misunderstanding among the general public when it comes to probability and risk. For example, 20% of Americans believe they are in the top 1% of income earners, or are soon to be there. This is, of course, statistically impossible.

Statistical thinking needs to have a bigger focus in our society, especially since the amount of data we have to deal with on a daily basis is constantly increasing. We need systems to help us sift through the noise.

Today’s episode is a selection of excerpts from some of the brightest minds of today and yesterday, and their takes on systematic and statistical thinking. Michael Covel provides the commentary. Though this is not strictly a trend following episode, all the material is very much applicable and relevant for anyone in trading or business.

From Penn Jillette (of Penn & Teller) to Gerd Gigerenzer, to Daniel Dennett, to Richard Feynman, this episode is permeated with wisdom to help you cultivate a trend following mindset.

In this episode of Trend Following Radio:

  • Having a foundation, a system to get through the noise
  • Developing a statistical mindset
  • Understanding risk and knowing how to deal with it
  • Getting “under the hood” of any trading system
  • Richard Feynman’s lecture on computer heuristics
  • What computer heuristics have to do with systems trading
  • A trait that geniuses have in common
  • The importance of isolation and concentration in learning

“”The most important thing is to feel about things you should feel about, and think about things you should think about.” – Penn Jillette

Mentions & Resources:

Want a FREE Trend Following DVD? Get it here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Have a question or comment about this episode? Post it below.

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Posted in Not Wall Street, Podcasts, Statistical Thinking

Feynman on Scientific Method

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Posted in Systems Trading, Trading 101, Vlog

Feynman: Mathematicians versus Physicists

The physicist trader is the more likely answer (versus Mathematician).

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Posted in Not Wall Street, Vlog

The Fantastic Mr. Feynman

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Posted in Not Wall Street

More Feedback on the China Experience

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Hi Michael,

I enjoyed your monologue on Beijing visit very much and could not agree more on being on the ground and be more sensitive to the local customs and norms. I would like to get a copy of the free DVD and would appreciate it if you could send to my address below: (I am a subscriber to your website but it seems to reject me sending feedback message).

[Address]

Best regards
[Name]

Thanks!

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Posted in Feedback, Trend Following

Another Perspective on China: Teach Your Kids Mandarin!

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Afternoon Michael,

I have been meaning to write you for a while. Many thanks for all your suggestions…especially for the Great Wall. I returned from China approximately a month ago and I can say the experience was transformational. There is nothing like seeing it with your own eyes.

Now, I have a better understanding of why you and many others have established footholds in Asia. Regardless of your view on their government, it may be the last free market in the world. In my view, the numbers reported in the financial media do not reflect the productivity and potential that I witnessed.

I’d like to believe that I am not making a hasty generalization, but I spent time in Beijing, Shanghai, Yangshuo, Guilin, Shenzhen and Hong Kong. In every instance, the people regardless of their position seemed extremely open and determined. The only virulent streaks that I could find were their desire to acquire as much market share as possible.

As you know, the West is already heavily invested in China. Once the fog of propaganda is cleared about China’s potential, certain Western players will have quietly accumulated a significant portion of that market.

Some things never change. Keep it coming…

Best,

Did you hear this? I just spoke Beijing to 1100 people. Thanks for great feedback!

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Posted in Feedback, Not Wall Street, Podcasts

Looking to Buy a Money Machine?

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Michael:

I have just finished reading your communication on the “why sell system..” Here is my take on it. It is perfectly honorable to sell [a] system. I think there are two broad groups of people who buy systems.

One group who buys these with expectation that they are buying a machine to print money tomorrow are set up for immediate disappointment. They can’t/don’t follow it and experience it in real life and do only in bits and pieces and eventually abandon it.

The other group buys system as first step towards their education and if it works out for them they work on improving the system to match their needs and personality. Eventually they end up with something that has basic foundation they started with but totally different parameters etc.

So both group ends not using system they started with but they have entirely different outcome in the process. It is like attending High School: some people finish that and some don’t.

This is a complete hypothesis on my part, so do let me know if you have any insight on what happens after people buy your or any other system.

I can’t see how people think that if they buy anything from me that it is a machine to print money. Unless they are delusional. In terms of ‘system learning’ the Turtle experiment proved rules could be taught. Sure, you can modify, but it’s still trend following.

Insight after they buy? http://www.trendfollowing.com/success.

Of course, I am sure some don’t trade for any number of reasons. However, trying to figure that out is like studying fundamentals–a never ending futility.

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Posted in Feedback, Trend Following
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