Trend Following With Michael Covel

My guest today is Courtney Smith, a trader, author, money manager, educator, and speaker. Smith has been trading for forty-plus years. He's written seven books and is a frequent commentator on television. The topic is trading. In this episode of Trend Following Radio we discuss: Smith's start, and his experiences with trend trading and Richard Donchian's systems (and the experience of testing these systems on computers in the mid-70s) Today's climate for trading, and how it compares to what times felt like in the 1970's The psychological components to trading systems The importance of speculators (and why they're often unfairly put in the position as a political whipping-boy) "Hope" in the marketplace Drawdowns How "markets are markets" High frequency trading The informational value of studying track records The idea of being "flat" in the market The importance of ignoring television Trading methods that should be avoided Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to ha