Ep. 338: K.D. Angle Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 24 April 2015
⏱️ 55 minutes
🧾️ Download transcript
Summary
My guest today is K.D. Angle. Angle began trading the futures markets in 1979 and developed his first rules-based trading strategy in 1984. In 1985 he created a newsletter called "The Timing Device" that specialized in making specific trade recommendations in the futures markets. After 1995, Angle retired the newsletter and went into asset management on a full time basis while investing the majority of his time and resources into researching and developing rules-based strategies.
The topic is trading the futures market.
In this episode of Trend Following Radio we discuss:
- Angle's father's history, who turned a two million dollar gold investment into a hundred million in just six months, and the lessons learned
- Whether there was an early trend trading influence beyond looking at Angle's father's career; Angle's experience with Dunn Capital
- Freedom of location
- 100% rule-based and systematic trading vs. adding discretionary elements to your system
- Why the client part of the business is so important
Jump in!
---
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. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.1 | My guest today is Katie Engle, |
| 0:35.6 | a trend following trader with experience going back to the 1970s |
| 0:38.9 | up to today. |
| 0:41.4 | A wide, wide cross-section of wisdom KD. brings to the table. |
| 0:47.9 | I hope you enjoy this conversation. |
| 1:00.1 | Explain to me, though, your father and just briefly his business. |
| 1:06.2 | You know, he felt like the best way to solve a problem in a business meeting was just take off your jacket. |
| 1:07.4 | Let's go. |
| 1:14.4 | And so he had this kind of instinctive, very kind of old school John Wayney, |
| 1:21.6 | you know, approach to dealing with people. He went into the war, became a fighter pilot, |
| 1:29.9 | and flew P-51s in northern Italy. I love that. He came out and by then had started finding oil on his own. |
| 1:36.8 | And so it was pretty much, he believed that he used to remind people, I feel like a wolf and a world full of sheep. |
| 1:45.1 | And so he was very aggressive and very hell-bent to do whatever he wanted to do. No one was going to tell him what to do. |
| 1:52.6 | He was very successful in the oil and gas business. He then had drilled up or at least up a 120 square mile gas field and discovered a gas field with healing in it. No one would buy his |
| 2:00.5 | gas, his natural gas, because it was |
| 2:02.6 | too low in BTU. So you said, well, what can I sell the helium? You know? When there was a helium market, |
| 2:08.5 | we sold helium in Voyager and Pioneer space probes. They used it for insulation. There's angled helium |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.