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Bestselling author Michael Covel is the host of Trend Following Radio with 15+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 1200+ episodes.

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  2. Ep. 33: Dave Stendahl Interview with Michael Covel on Trend Following Radio

Ep. 33: Dave Stendahl Interview with Michael Covel on Trend Following Radio

Jul 12, 2012

My guest today is Dave Stendahl of Capitalogix, the Managing Partner at Signal Trading Group and the co-author of a number of books. His focus is on trading systems and portfolio construction, specifically within the global futures markets. He tracks and trades 40 individual markets across eight different sectors.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Stendahl's approach is that a system should have as few moving parts as possible; it should be simple enough to be explained on the back of a cocktail napkin
  • Analogy to cars, and how you can easily fix a simpler car in your garage as opposed to a complex Lexus
  • Everyone is using a system in one way or another
  • Stendahl talks about his beginnings, collaborating with his father in the mid 1970's
  • When he was introduced to technical analysis, and had the lightbulb moment, he realized he could make money based off of something other than fundamentals.
  • Stendahl's dyslexia
  • Ray Dalio of Bridgewater, who says that he is 100% systematic, but doesn't use any technical information
  • Position sizing and money management, and how you can approach this systematically

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/

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