Ep. 551: Jack Schwager with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 5 May 2017

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jack Schwager, the author of the Market Wizards series and just completed his second edition of A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading, Spreads, and Options. Jack has gone into great detail updating his 1984 original edition with over 600 pages of educational insights.

The topic is his book A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading, Spreads, and Options.

In this episode of Trend Following Radio we discuss:

Fundamentals vs. Technical analysis
Risk management
Contrarian view on fundamentals
Charting
Science vs. art in trading
Whipsaws
Exploiting trends
Sharpe ratio
Efficient market hypothesis

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/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.1	My guest today is Jack Swagger.
0:35.6	If you've not read Jack's Works, if you've not read the market
0:40.0	wizards, for example, you clearly don't want to know about markets trading and investing.
0:47.1	That's where you start. That's the first book. Literally. But don't let me beat you up too much if you've not read.
0:55.2	Actually, you know what?
0:55.9	I'm going to beat you up.
0:57.0	If you've not read Jack's works, if you've not seen his books, give up.
1:01.5	It's over.
1:02.0	You're done.
1:03.7	Today we dig into one of Jack's classics, rebooted and updated.
1:08.1	And if you want to know about the futures markets, this 700 page plus Jack Swagger
1:15.3	work is worth your time. I'm always indebted to Jack because he was the first guest that
1:22.1	really helped to propel this podcast to millions and millions of listens. I hope you enjoy this next conversation
1:30.9	with Jack Swager.
1:36.3	I have to say, Jack, you are quite prolific. I'm now holding in my hands. Let me count the pages here.
1:47.2	704 pages. Nobody is going to compete with you on a reference guy for the futures market.
1:53.9	I think you have scared everyone away.
	...

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