Earlier in May FundSeeder’s very own Jack Schwager visited with legendary trader Michael Covel on his radio show. For those who have not yet heard Michael and Jack’s discussion you may do so now here. The following is a summary of what was discussed during the episode:

Jack gives a short summation of the basics of futures trading and how they can be used by traders. He also discusses how skilled and unskilled traders compete within the market space.  Michael and Jack finish talking about how trading is more of an art vs. science, whipsaws, failures in exploiting major trends, draw downs and the efficient market hypothesis. Other topics touched upon during the discussion are:

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

Jack’s FundSeeder project is discussed towards the end of the interview.