Trend Following With Michael Covel

My guest today is Brad Rathe, a trader, and programmer. Rathe allocates funds to other traders, as well as operates his own global macro fund. Rathe has worked at such firms as EMC (original Turtle), Northbourne, and Rotella. Rathe moved to Chicago the day he graduated college and immersed himself in the pits of the Chicago Board of Trade, initially working in the "meats" pit (pork bellies, live cattle, live hogs, and feeder cattle). The topic is Trend Following. In this episode of Trend Following Radio we discuss: Practical/physical factors involved in the futures pit in the late 80's/early 90's The move to screen-based exchanges (computer trading) replacing floor trading Working at Globex How the CTA business grew under the Turtles The importance of programming Tweaking and changing your trend following system MF Global, Madoff, Wasendorf and other cheaters The importance of being unemotional during a big blowup Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have deliv