Ep. 94: Tushar Chande Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 28 December 2012

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Tushar Chande, a trader, author,co-founder and head of research at Rho Asset Management in Switzerland. Chande has had a long and distinguished career in technical analysis; he brings a unique perspective on how to look at the markets as a trend following trader. He came to America and earned his Ph.D. in metallurgical engineering from the University of Illinois in 1984.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Early influences, and chart the journey from his days as an engineering student to his accomplishments as a systematic trend following trader
Analogy between sports and trading, how the best sportsmen rely on having a stable and predictable environment (unlike the markets)
Evaluating performance within the context of the market
Discretionary trading v. systematic trading
Learning through "trial and terror"
The Rho Trend Barometer and the ability to quantify the environment
The problem of indexes
The Sharpe ratio
The importance of market movement to trend following trading
"The black box disease"
Trusting your system
Cognitive biases
The benefit of the "black swan" and outlier events and why these events are so beneficial to a trend following system
Whether "one-hundred Ph.D.'s are better than one"

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.
0:32.5	Today in the show I have Tushar Chande, and he is the co-founder, head of research at Ro Asset Management in Switzerland.
0:40.8	Tushar has had a long and distinguished career in technical analysis and is a trend following trader.
0:46.2	So I think we're going to have a really good conversation.
0:48.8	Definitely a perspective, a perspective especially on how to look at markets when you're a trend following trader,
0:56.6	that I think will really resonate with a lot of you out there.
0:59.4	So, anyways, enjoy.
1:08.0	Hey, how are you?
1:09.4	Hey, how are you?
1:10.6	Not too bad. So we're reaching you today.
1:13.9	Right now I'm in Des Moines, Iowa.
1:16.0	Oh, okay. Well, that's far less interesting than Switzerland.
1:21.5	Yeah, I know. Well, usually I'm in Switzerland, but, you know, holiday is so we're just spending some time here.
1:27.6	Gotcha, gotcha, gotcha.
1:28.7	How have you been?
1:29.4	Not too bad, not too bad.
1:30.8	How are you?
1:31.8	Excellent.
1:33.0	You're recovering in the snowfall you had or?
	...

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