Trend Following With Michael Covel

Paul Britton is a portfolio manager at Apollo Systems Research Corporation. What got Paul going down the trend following path? In high school Paul’s dad put him into a stock that went from $5 to $60. He took his profit and put money into a couple more stocks that turned out to be winners as well. These lucky trades peaked his interest in markets. Shortly after making these initial trades, Paul’s dad also gave him a copy of “Reminiscences of a Stock Operator.” He started working and looking at data trying to see if he could get a system of his own to work. He quickly learned that you can play around with entry and exit points, markets, etc., but as long as you pick up on the big trends and ride them until they lose–that was the #1 way to make money. Paul lets the experts in different markets such as milk, coffee, orange juice, sugar, stocks, currencies, etc. “tell him how to trade” by showing their opinions hidden within the price. “You don’t need a fundamental expertise to be trading any of these markets.” Pa