Ep. 5: Nick Radge Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 26 March 2012
⏱️ 69 minutes
🧾️ Download transcript
Summary
My guest today is Nick Radge. Nick has been trading and investing since 1985. During this time Nick has worked for numerous international investment banks and spent time on the trading floor of the Sydney Futures Exchange. In 1998 Nick returned to Australia and started his own hedge fund and until 2005 he was an Associate Director at Macquarie Bank.
The topic is his book Unholy Grails - A New Road to Wealth.
In this episode of Trend Following Radio we discuss:
- Nick's beginnings
- The analogy of hitchhiking to trading
- The necessary emotional constitution needed to successfully stick with a trend following trading strategy
- The popularity of algorithmic trading jargon
- Risk management
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. |
| 0:21.2 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:32.9 | So today, as I sit in, I can't really call it sunny today in San Diego, it's kind of wind-swept in 50 or 60. |
| 0:42.7 | I wish it was sunny. |
| 0:43.6 | I mean, I'd be outside getting a tan, which is, I guess, what I'm supposed to have being in Southern California today. |
| 0:49.0 | But joining us from Australia is Nick Rage. |
| 0:53.3 | And Nick is a money manager. He's a trader, long-time trader, |
| 0:56.7 | out of Australia. And we come from a related world in the sense that we both have a fondness |
| 1:06.4 | and an appreciation for the trend following realm. |
| 1:12.6 | And so, Nick, I wanted to welcome you today and appreciate you for coming in on the other side |
| 1:15.1 | of the great blue ball of planet we call Earth. |
| 1:20.1 | Thanks, Michael. |
| 1:20.9 | Thanks for having me today. |
| 1:22.6 | I'm sorry to take up your time on a Sunday. |
| 1:24.7 | No, no, no. |
| 1:25.5 | This is great. |
| 1:26.1 | Well, look, it's a Monday there, Sunday here, right? That's right. Kind of how it works. You got to, you got to roll |
| 1:31.2 | the punches. But I want to be in your neck of the woods soon. I have, I have an interest, |
| 1:35.9 | I don't know where it's going to be. It's Singapore, Saigon, somewhere in that neck of the woods I'd like to be. Well, it's funny you say that because they're still a good, uh, what, eight hours, |
... |
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