Ep. 185: Tom DeMark Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 27 November 2013

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Tom DeMark, the founder and CEO of DeMark Analytics and the creator of the DeMark Indicators. The DeMARK studies are known internationally for their objective and mechanically-driven approach to both trading and investing, and are designed to anticipate potential price activity in the financial markets.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

How all conceivable market factors are in the price movement
Obsession, passion and practice
Having the "cover story" of fundamentals, but using technical analysis behind the scenes
Elliott wave
The fibonacci sequence
Forecasting
DeMark's thoughts on George Soros, Michael Steinhardt, Paul Jones, Steve Cohen, and others
Thoughts on when DeMark first started computerizing his indicators
Why you'll fail if you rely solely on charts
DeMark's thoughts on the pure price driven, reactive trend following traders
Introducing a new variable into a pure trend following approach

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

Click on a timestamp to play from that location

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 Covel, not filtered, raw, honest.
0:27.3	That's my passion.
0:32.5	My guest today is Tom DeMarc.
0:35.3	Tom is a market timer.
0:36.9	Tom has a wealth of experience, 40 plus years on Wall Street. He's worked with some of the best traders that anyone has seen in the last three to four decades. From George Soros to Michael Steinhart, to Paul Tudor Jones, to Steve Cohen.
1:04.3	A really great conversation to look at how someone who has had so much success to see how they think.
1:06.9	And Tom's very upfront about it.
1:08.3	He's obsessive.
1:10.3	He loves what he does. He's very conversational. So if there's some
1:14.1	aspect of our conversation where you don't feel like, well, that sounded like a piece of
1:19.3	jargon that I don't understand, well, sure, that could be true. Thomas put a lot of words in print.
1:26.5	So if there is anything in our conversation that strikes you as, well, I didn't quite understand that.
1:32.6	Go investigate.
1:34.0	Check out a Tom DeMarc book.
1:35.9	Dig in.
1:37.3	Study.
1:38.8	No one hands you everything for free.
1:41.5	But Tom does do a great service and passing along some of his insights from his many
1:46.8	decades on Wall Street.
1:48.9	I hope you enjoy this conversation.
	...

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