Ep. 287: Toby Crabel Interview with Michael Covel on Trend Following Radio

My guest today is Toby Crabel, a tennis player who is now a commodities trader. In 2005, the Financial Times called Crabel "the most well-known trader on the counter-trend side".

The topic is commodity trading.

In this episode of Trend Following Radio we discuss:

• Crabel’s history as a pro tennis player
• Longevity and consistency in tennis and trading
• Where Crabel stands with the total number of systems he employs
• The source of Crabel’s profits and the philosophy behind it
• Price action
• Winning and losing volatility
• Why Crabel needs price movement and volume
• The idea of price shocks and the importance of being aware of them
• The process of moving from high drawdowns to a much lower drawdown
• The importance of diversity
• Early lightbulb moments that informed Crabel’s trading style
• Crabel’s experience with Victor Niederhoffer
• How the philosophy of Objectivism has informed Crabel’s life
• The liquidity of futures markets
• The importance of persistence

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

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Hope you enjoy my never-ending podcast conversation!