Trend Following With Michael Covel

My guest today is Al Abaroa, the Chief Investment Strategist at Kingsview and has been a registered broker and trader since 1993. He has seen all aspects of the investing industry. The topic is a white paper that Abaroa wrote about trend following. In this episode of Trend Following Radio we discuss: How people forget that anything can and will happen Why we're seeing optimistic behavior in the market The similarities between the WhatsApp/Facebook acquisition and the AOL/Time Warner acquisition Abaroa's wealth formula "Reasonable returns" Long term vs. short term outlooks The advantages of youth in trading Lifespan growth, and retirement Tom Basso and black swan events Looking back on major crashes Development and distribution as the two modalities of price Focusing on price action The Global Volatility Index Looking at black swan periods as a place to profit The asymmetrical return stream and the asymmetrical nature of trend following Why trend following produces returns a minority of the time Position sizi