Ep. 142: Alpesh Patel Interview with Michael Covel on Trend Following Radio

My guest today is Alpesh Patel, a hedge fund manager, Financial Times columnist and Bloomberg TV presenter.

The topic is his book How to Win at Spread Betting: An Analysis of Why Some People Win at Spread Betting and Some Lose.

In this episode of Trend Following Radio we discuss:

  • Comparisons betweens stocks and futures
  • What the winners have in common
  • Trade frequency, and why active traders tended to do better in Patel's study
  • Buy & holders vs. spread betters
  • Academic vs. practical insights
  • Whether Patel finds himself at odds with other Financial Times writers
  • Why people like to imagine that trend following and momentum trading doesn't exist
  • Patel's experience as an expert witness with "trend following on trial"
  • Why the average person has difficulty with betting small, cutting losses, and letting winners ride
  • George Soros, game theory and trading psychology
  • Win/loss ratios
  • A coin flipping experiment performed with Ph.D's, the importance of position sizing, and why systems aren't everything
  • Why gut instinct is the opposite of what professional traders use

Jump in!

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Iā€™m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and Iā€™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? Iā€™d like to give you a great piece of advice you can use in your life and trading journeyā€¦ 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/

Canā€™t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

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Hope you enjoy my never-ending podcast conversation!