Ep. 33: Dave Stendahl Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 12 July 2012

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Dave Stendahl of Capitalogix, the Managing Partner at Signal Trading Group and the co-author of a number of books. His focus is on trading systems and portfolio construction, specifically within the global futures markets. He tracks and trades 40 individual markets across eight different sectors.

The topic is trading.

In this episode of Trend Following Radio we discuss:

Stendahl's approach is that a system should have as few moving parts as possible; it should be simple enough to be explained on the back of a cocktail napkin
Analogy to cars, and how you can easily fix a simpler car in your garage as opposed to a complex Lexus
Everyone is using a system in one way or another
Stendahl talks about his beginnings, collaborating with his father in the mid 1970's
When he was introduced to technical analysis, and had the lightbulb moment, he realized he could make money based off of something other than fundamentals.
Stendahl's dyslexia
Ray Dalio of Bridgewater, who says that he is 100% systematic, but doesn't use any technical information
Position sizing and money management, and how you can approach this systematically

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:
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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	So today on the show I have Dave Stendall, and I think I've asked this to Dave before.
0:40.3	He probably doesn't recall.
0:41.6	But just for some background, Dave's written three books.
0:44.2	He, I think, is going to best describe himself as a system guru.
0:49.4	He is right in the, it has been there forever, whether it's conceptualizing and thinking up systematic approaches to trading the markets, working on the coding side, developing products.
1:05.2	He was with a company, and I'm going to go into this in a second with called Rina back in the day.
1:13.8	Today is with capital logics, and i have to have bet the CEO of capital logics uh at my mta event in april really interesting guy named
1:19.4	howard getson who i will definitely have on the show soon uh because Howard and i shared some
1:25.0	some commonalities that uh i'm not going to go here, but we definitely were on the same page.
1:30.1	But anyways, Dave, thanks for joining today.
1:33.1	I appreciate it.
1:34.3	Mike, thanks very much for having me.
1:35.4	I appreciate it.
1:36.5	So let me just as a little bit of background.
1:39.0	So when I first got started trying to figure things out, I, like a lot of people, was probably going through their futures magazine or technical
1:49.2	analysis of stocks and commodities.
1:51.4	And I would look through, and usually the most interesting thing were the small ads, not
	...

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