73: Trend Following: How to Profit with Michael Covel
By Sam Marks / Johnny FD
Michael Covel is an entrepreneur best known for popularizing the controversial trading strategy Trend Following. This is an investment strategy based on technical analysis of market prices, rather than on the fundamental strength of the companies. He is the author of the bestselling classic, Trend Following: How to Make a Fortune in Bull Bear and Black Swan Markets. Michael joins this episode to explain what trend following is for the “non-techy” people to understand. He discusses the ways to invest and access trend following to generate profits successfully. Listen to the end and learn from the boss on how and why trend following works. Link: Trendfollowing.com/blog Book: Trend Following: How to Make a Fortune in Bull Bear and Black Swan Markets Wiley Trading by Michael Covel Discussed: Investlikeaboss.com/audio Time Stamps: 7:05 – How he got into trend following 11:21 – What is trend following? 16:34 – Trend following strategies 18:23 – Full-time trend following traders 19:41 – Common misconceptions on trend following 25:06 – Trend following system 27:16 – Fundamental information of companies relative to trend following 31:49 – Why trend following works? 32:19 – Who are trend following traders at the present? 34:05 – Do the no. of traders affect the success in trend following? 38:16 – Backtesting 40:04 – Most successful trend following traders 41:36 - Bull Bear and Black Swan Markets 42:54 – Ways to access trend following 49:05 – Contents of his book: Trend Following If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.