Aug 18, 2014
Michael Covel opens up today’s monologue by talking about a music video that he thinks sums up today’s society. Next, Covel highlights a clip of David Harding talking to CNBC. Covel highlights some of the past issues Harding has seen in talking to CNBC and plays the clip. Covel discusses the history of trend following and some of the core big-picture ideas employed by traders like David Harding, Larry Hite, Ed Seykota, Bill Dunn, and others. Covel moves into a Twitter discussion he had recently where he posted a Bloomberg article featuring the most misinformed description of trend following he’d seen yet. When the author responded on Twitter, sparks flew. Covel talks about the lessons learned by the exchange: it’s a great opportunity to clarify what trend following trading is, the question of where one makes their money from, and academic chops. Want a free trend following DVD? Go to trendfollowing.com/win.