Ep. 350: Michael Melissinos & Glenn Graham Interviews with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 1 June 2015
⏱️ 74 minutes
🧾️ Download transcript
Summary
My guests today are Michael Melissinos and Glenn Graham.
Michael has assumed research and trading responsibilities. He also works on his emotional and mental game with the help of his local Trading Tribe. Tribe helps him maintain discipline through tough performance periods, remain inventive and push the envelope of improving the firm's investing and education strategy. He previously held positions at Rothstein Kass, Bear Stearns and J.P. Morgan.
Glenn's firm is Golden Point Capital. Graham has had extensive experience in quantitative trading strategy development in the futures space. He holds the designation of Chartered Alternative Investment Analyst (CAIA), a designation focusing on the alternative asset classes.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Covel and Melissinos discuss Melissinos' career and beginnings; his history with Bear Sterns; Melissinos' introduction to trend following; "find trends, align with trends, and manage risks"; the similarities between crude oil, copper, sugar, the Euro, and wheat; and trading based purely on price.
- Graham and Covel discuss Graham's early trading track record; niche markets and hedging; Graham's early trading experiences and his history at a high frequency trading firm; early influences in trend style trading; the parallels between trading and backgammon; the importance of the size of your winners over winning percentage; and style drift.
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. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:32.8 | Let's call this my emerging trend-following trader episode. |
| 0:38.8 | Two traders today, Michael Melisinos, Melisinos trading in the New York area, |
| 0:44.9 | and Glenn Graham, Golden Point Capital in the Chicago area. |
| 0:50.6 | Two relatively new trend-following traders. |
| 0:53.9 | Two relatively young guys. |
| 0:56.3 | Both of them started their firms in their 20s. |
| 0:59.0 | Both roughly have a four to five year track record in that range. |
| 1:04.8 | Great insights on starting out. |
| 1:09.2 | I hope you enjoy both of these conversations with Michael Melisinos and Glenn Graham. |
| 1:21.6 | Yeah, when you said we work location, you must have assumed that I know what that is. I have no earthly |
| 1:28.9 | idea what that is. Oh, it's a shared, it's a startup that offers shared space to other |
| 1:39.6 | startups, other solopreneurs and just people that are you know working out of their home that want to get |
| 1:46.5 | out of the house so in New York they have tons of locations and they're all over uh you know |
| 1:52.8 | they have some in California uh they have some in Chicago and I believe they have some overseas too |
| 1:59.5 | well you know it's an interesting point to bring up because for the life of me, |
| 2:05.5 | and I've wasted a lot of money on office space, not for over a decade. |
| 2:11.4 | This was when I first started out, but it was amazing that the numbers of people out there |
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