Ep. 16: Francisco Vaca Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 May 2012
⏱️ 61 minutes
🧾️ Download transcript
Summary
My guest today is Francisco Vaca, the chairman, CEO, a principal trader for Vaca Capital Management, and a commodity trading advisor (CTA) established in 2000. Vaca began his career in the futures industry in 1996 as an executive researcher for C&D Commodities co-founded by Richard Dennis of "Turtles" fame. His responsibilities included the research and implementation of systematic trading strategies for the futures and equities markets. Dr. Vaca holds a Ph.D. in physics from the University of Illinois at Chicago in addition to his undergraduate degrees in both physics and mathematics.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Bottom of the source of profits in the futures markets
- Why people who are on the losing side of trades still play the game
- Importance of diversification
- Why you should take every signal you can
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/
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!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.1 | Well, you're going to have to promise me today, |
| 0:35.9 | because this is an interesting conversation. |
| 0:38.8 | I just, it's going to be coming up in a few seconds. |
| 0:41.5 | And I kind of feel like it's a little bit of an Easter egg hunt. |
| 0:46.5 | You might not be familiar with my guest. |
| 0:49.2 | He's had a really nice career so far. |
| 0:52.9 | And, but his background is terribly interesting. |
| 0:56.3 | And I think we're both in the conversation a little cagey about it. |
| 1:00.3 | But make sure you listen for the clues. |
| 1:03.2 | Clues like C&D commodities and market wizards. |
| 1:07.7 | I think you're going to enjoy this. |
| 1:20.5 | Music I think you're going to enjoy this. So today on the show, I have an interesting guest, and I, hopefully he'll correct me if I'm wrong but uh Francisco Vaca and I met I believe |
| 1:30.4 | in Key Biscayne Florida at a managed funds association event and I believe he approached me I think |
| 1:37.0 | and I was just standing there probably lost by myself looking at the sky or something you know |
| 1:41.6 | like that effect but anyways, is my memory correct? |
| 1:44.9 | Is that where we met? |
| 1:46.2 | Yes, that's pretty much correct. |
... |
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