Michael Covel: Trend Following Manifesto - Latest Comments

Re: A Journey to Trend Following Wisdom

Mcovel — Wed, 16 May 2012 15:19:43 -0000

Agreed.

Re: A Journey to Trend Following Wisdom

Clint Stevens — Wed, 16 May 2012 14:26:02 -0000

The power of association is huge. Larry Tentarelli is one guy I watch consistently on your page. What he has to say is very informative and I respect what he's done and his insight in a big way.

Re: A Journey to Trend Following Wisdom

Mcovel — Wed, 16 May 2012 10:51:04 -0000

Thanks. All the guests make my job easy. They are all great.

Re: A Journey to Trend Following Wisdom

Rev — Wed, 16 May 2012 04:34:42 -0000

A big thanks to both of you! I'm very grateful for allowing us to listen on these for free, Michael. The nuggets being presented here and in your previous podcasts are invaluable in my opinion.

Re: Was This Really Written in 2005? Not Much Changes!

Jim Rohrbach — Tue, 15 May 2012 15:06:04 -0000

I believe that there are very few people in this world who can identify changes in the trend of the stock market. So that leaves guessing as the most used trend following strategy. My RIX Strategy has been identifying changes in the trend of the stock market for over 40 years. But very few people believe it. It's easier for the "experts" to make predictions and then tell people that the market can not be timed. Unfortunately, most investors believe that.

Re: Trend Follower Mike Shell in Forbes Talking Trends

Jim Rohrbach — Tue, 15 May 2012 14:57:45 -0000

Kate Stalter did an article on me entitled "Using Moving Averages to Spot Trend Changes" it appears on her list dated April 30. For the average investor I think that using moving average crossovers is a simple way to tell how your investment is doing. When used in conjunction with a solid market timing strategy, investing becomes easy.

Re: Market Fragility Ain’t Good News for Those Picking Up Nickels in Front of Steamrollers

Jz — Tue, 15 May 2012 02:33:19 -0000

We used to say that most traders "eat like birds and crap like elephants."

Re: Market Fragility Ain’t Good News for Those Picking Up Nickels in Front of Steamrollers

LMT — Sun, 13 May 2012 21:13:20 -0000

good article.

Re: Reason #3,299,551 For Those Under 40 to Start Trend Following–Now

William — Fri, 11 May 2012 02:55:21 -0000

Same reason works for those over 40 also.............

Re: Standard Risk Measurement Suck (So Does Prediction)

Daledye — Wed, 09 May 2012 11:37:43 -0000

Mandelbrot was a mathematician with no axes to grind in the markets...as pure an objective observer as could be found. And he concluded after looking at overall market data that it has "infinite variability."

That's bad news for the analysts, economists, CNBC's, Bloombergs, etc. etc. who have made a multi-billion dollar industry out of airy nothings. If the public ever wakes up to the fact that they are being conned, these guys are all out of a job.

Re: Trend and Variation: Animated Short on Statistics

Daledye — Wed, 09 May 2012 11:26:25 -0000

Lesson?...When it comes to trades, don't buy dogs!

Re: “Covel, Why Are You Not on CNBC All of the Time?”

Jrohrbach — Wed, 09 May 2012 03:09:28 -0000

On Friday 5-4-12 Becky Quick said. "The market can't be timed" on CNBC They really aren't interested in having market timers or trend followers on their show. I am sure my article "Buy and Hold Is Dead" guarantees that I will never appear on CNBC I like to deal with the small audience that "Get's It". Most investors do not get it when it comes to trend following or market timing. And that's a good thing. Let's not encourage too many people to get into our game.

Re: Don’t Swim with the Fish; Swim Against

Andres A. Marulanda — Mon, 07 May 2012 12:13:31 -0000

Hi Mike,

I am a long term follower of your work. I wanted to give a link to a Ted Talk video: http://www.ted.com/talks/lang/...

I think the video summarizes your point on "group-think".

Re: Don’t Swim with the Fish; Swim Against

Mcovel — Mon, 07 May 2012 11:10:26 -0000

Idea is more about selection of strategy v. assuming all those fish are operating as educated trend followers with a predefined exit strategy.

Re: Don’t Swim with the Fish; Swim Against

Mcovel — Mon, 07 May 2012 09:40:50 -0000

If everyone is buying and holding...

Re: Don’t Swim with the Fish; Swim Against

Praxeologue — Mon, 07 May 2012 04:12:26 -0000

Not very 'trendfollowing advice' is it?!

Re: Rules, Systems, Psychology, Philosophy…All Come Before Software

Robert — Fri, 04 May 2012 12:29:13 -0000

Also a preoccupation with wanting books to have trading systems in them so they do not have to think and do any research. Psychology and Philosophy are the driving force of market profits.

Re: Trend and Variation: Animated Short on Statistics

Robert — Fri, 04 May 2012 12:20:57 -0000

Ride the bucking Bronco

Re: “Covel, Why Are You Not on CNBC All of the Time?”

Andre Veloso — Wed, 02 May 2012 05:24:09 -0000

No Mike, please no porn from you, keep working those podcasts only :)
The day you have 14M twitter followers, I'll be really upset, that will clearly mean you're doing something wrong.

Re: “Covel, Why Are You Not on CNBC All of the Time?”

mcovel — Tue, 01 May 2012 16:21:07 -0000

Thanks for the feedback Ryan. One day we have to sit down...I know you bring fresh eyes.

Re: “Covel, Why Are You Not on CNBC All of the Time?”

Ryan Holiday — Tue, 01 May 2012 16:07:15 -0000

The other way of looking at is: You give out your advice to people who PAY for it (via books, blog subscriptions, dvds whatever) why is it on you to explain why you're not on television, competing in a red ocean of noise and idiots to give it away for FREE more often?

Re: “Covel, Why Are You Not on CNBC All of the Time?”

michael — Tue, 01 May 2012 14:51:57 -0000

Haha..I about spit out my drink. So true about the Kim Kardashian thing. I think your point came out quite nicely.

Re: Emotional State: Trend Following V. Day Trading

JIM — Mon, 30 Apr 2012 09:55:17 -0000

NIKKI = YUMMY

Re: Trend Follower David Harding on Fast Money

Bigjim — Sun, 29 Apr 2012 11:55:58 -0000

Fellow Trend Followers, I love the panel. They create the opportunity, be water, my friends...

Re: Trend Follower David Harding on Fast Money

Chris Maye — Sun, 29 Apr 2012 08:48:25 -0000

CNBC simply plays to the masses and want picks...rather we'd like him to talk about process.