Ep. 215: Al Abaroa Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 26 February 2014

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Al Abaroa, the Chief Investment Strategist at Kingsview and has been a registered broker and trader since 1993. He has seen all aspects of the investing industry.

The topic is a white paper that Abaroa wrote about trend following.

In this episode of Trend Following Radio we discuss:

How people forget that anything can and will happen
Why we’re seeing optimistic behavior in the market
The similarities between the WhatsApp/Facebook acquisition and the AOL/Time Warner acquisition
Abaroa’s wealth formula
“Reasonable returns”
Long term vs. short term outlooks
The advantages of youth in trading
Lifespan growth, and retirement
Tom Basso and black swan events
Looking back on major crashes
Development and distribution as the two modalities of price
Focusing on price action
The Global Volatility Index
Looking at black swan periods as a place to profit
The asymmetrical return stream and the asymmetrical nature of trend following
Why trend following produces returns a minority of the time
Position sizing
Fixed contract allocation vs. fixed fractional contract allocation and their role in position sizing
Trend following investors and market timing
Seeking immediate gratification in trend following investments
Looking at trend following track records

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.
0:33.1	Today in the show I have Al-Al Al-Baroa.
0:36.2	Al is chief investment strategist trading and portfolios.
0:40.8	With King's View, Al has been a registered broker and trader since 1993.
0:45.7	He has seen all aspects of the investing industry.
0:51.6	Today, we're going to talk about a white paper that Al put together about trend
0:56.3	following. Quite interesting. I think you'll enjoy. For those new to trend following,
1:01.4	something to learn, and for those of you very familiar with trend following, I think
1:06.4	Al has put together an interesting piece. Please enjoy.
1:24.9	Hey, so I was just thinking we last saw each other at Searsucker in San Diego.
1:26.4	That would be a restaurant for those listening.
1:28.2	Is that a fair memory?
1:32.3	That is a fair memory and a great restaurant, by the way.
1:33.3	It is. I actually grabbed lunch there in January before I ventured back off to the farther east.
1:44.1	So yeah, it's a nice place. How's Asia? Yeah. back off to the farther east.
1:45.8	So, yeah, it's a nice place.
1:47.7	How's Asia?
1:49.1	No complaints.
1:51.6	So far this year, I've been in Singapore and Vietnam.
	...

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