Trend Following With Michael Covel

My guest today is Steve Brechtel. Over the past 20 years Brechtel has worked as a trader for three of the top 100 hedge funds in the world: Trout Trading (now Tewksbury Capital) in Chicago and Bermuda, Crabel Capital in Milwaukee, and now Two Sigma in NYC (a $10 billion fund) -- all short-term systematic funds. The topic is trading. In this episode of Trend Following Radio we discuss: Brechtel's history, from his beginnings roughing it as a Pizza Hut manager while working an insurance job, to finding his way to Monroe Trout, to working at Crabel, to his career at Two Sigma today History in Virginia Why he was hired at Monroe Trout in the first place as a new trader and the advantages of having a beginner's mind The difference between the short term/systematic traders that Brechtel worked for and the longer term trend following Covel talks about The six strategies Brechtel learned trading the pits What's changed and what's the same now that technology has evolved Ayn Rand, objectivism, and Trout Brechtel's tr