73: Trend Following: How to Profit with Michael Covel
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 9 October 2017
⏱️ 68 minutes
🧾️ Download transcript
Summary
Michael Covel is an entrepreneur best known for popularizing the controversial trading strategy Trend Following. This is an investment strategy based on technical analysis of market prices, rather than on the fundamental strength of the companies. He is the author of the bestselling classic, Trend Following: How to Make a Fortune in Bull Bear and Black Swan Markets.
Michael joins this episode to explain what trend following is for the “non-techy” people to understand. He discusses the ways to invest and access trend following to generate profits successfully. Listen to the end and learn from the boss on how and why trend following works.
Link:
Book:
Trend Following: How to Make a Fortune in Bull Bear and Black Swan Markets Wiley Trading by Michael Covel
Discussed:
Time Stamps:
7:05 – How he got into trend following
11:21 – What is trend following?
16:34 – Trend following strategies
18:23 – Full-time trend following traders
19:41 – Common misconceptions on trend following
25:06 – Trend following system
27:16 – Fundamental information of companies relative to trend following
31:49 – Why trend following works?
32:19 – Who are trend following traders at the present?
34:05 – Do the no. of traders affect the success in trend following?
38:16 – Backtesting
40:04 – Most successful trend following traders
41:36 - Bull Bear and Black Swan Markets
42:54 – Ways to access trend following
49:05 – Contents of his book: Trend Following
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Transcript
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| 0:00.0 | Hey bosses, this week's sponsor is Audible. If you haven't been listening to audiobooks yet, go to |
| 0:05.0 | invest like a boss.com slash audio and get your first audiobook for free. |
| 0:10.2 | Welcome to the Invest Like a Boss podcast. I'm Sam Martz and I'm Johnny FD. We're self-made |
| 0:14.8 | entrepreneurs who invest our own money and use modern technology to invest like a boss. |
| 0:18.6 | Join us each week for exclusive interviews with our network of modern investors, |
| 0:22.0 | business owners, and multimillionaires to discover new ways to invest our hard-earned cash. |
| 0:28.0 | Hey guys, this is Johnny and welcome to episode 73 of the Invest Like a Boss podcast. |
| 0:32.5 | I'm here Sam Marks. |
| 0:33.8 | Guys, Johnny, greeting salutations. |
| 0:37.4 | And we have a new topic, new category alert today. Johnny, talking about trend following. Ding, ding, ding, new category alert. I like it. I like how just when we think all there is is in real states or stocks or some kind of, you know, |
| 0:57.7 | I guess technically this isn't going to be a new category as a more of a way to invest in these categories. |
| 1:05.8 | New topic, I'll say. |
| 1:07.4 | So I think this is kind of cool because it kind of is a follow up on option trading. It's a follow |
| 1:13.4 | up on 4x. And now we're talking about trend following, which is just another strategy that you |
| 1:19.7 | can apply daily, you know, and try to figure out ways to outbeat the market. And the first time we |
| 1:26.3 | heard about this was actually on the Mb Faber episode way back when. |
| 1:30.7 | Yeah. |
| 1:31.1 | So, I mean, it's basically going to be the exact opposite of investing in a low-cost index fund |
| 1:37.6 | and just holding it and not, you know, trying to beat the market. |
| 1:41.7 | But the reason why this is so exciting is because even though I |
| 1:45.6 | know it's probably the more rational, smarter thing to do to just put my money in Vanguard and not |
| 1:51.3 | touch it, part of me also wants to be able to, I don't want to beat the market, but find some |
... |
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