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“Why do people teach and market all that support/resistance, trendlines, candlesticks and…”

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Hi Michael, I am Vibhour from India. I wanted to tell you that your work has inspired me a lot and trend following is indeed the best strategy to follow which requires no predictions and just rules. I wanted to tell you that I am in my path to become a professional trader and the last 2 years I have spent thousands of dollars to learn trading. I have learned a lot about price action, candlesticks, some other price patterns and couple of indicators too but when I listen to you I think that I have spent a lot on learning things which are more complex than simple trend following. I want to be part of your flagship program and soon I will be. I just think that I’ve already learned so much in past 2 years and that has been working for me fine, but I want better performance and that thought of learning more trading makes me feel a bit overwhelmed. I think the more I learn, the more I will confuse myself. Instead of that I think I should improve what I already know. Can you please guide me on that thought? I’ve worked hard on learning but still am not very much profitable. As it’s just not very much suitable to my mindset to analyse very single candle and use my discretion to trade. That’s why your way of teaching attracted me. Also if I have around 20,000 dollars of trading account would that much capital be sufficient to do trend following?

What have you learned exactly? Time frames you are trading? Candlesticks, for example, are not trend following. Look forward to helping.

I have learned to identify setups and then to analyse the probability of those setups. This is not any kind of intraday trading but more of a swing to positional trading. There are proper rules too but I’ll say there is a lot of discretion involved to identify those setups. I mainly trade stocks and I have learned to choose those stocks according to overall market structure and the best performing sector in line with the market. Then I’ll choose top performing stocks within those sectors, and find those setups. Mainly there are pull back setups like support/resistance areas and other candle patterns and moving averages to enter those stocks. I hold them as long as there is any reversal price pattern or sometimes I have a target in mind. The thing is there is a lot of analysis involved. Which sometime leads to second guessing. If I talk about time frame, I analyse the stocks on weekly and monthly time frame and make an entry on daily.

Definitely not trend following!

Ok got it! I could make changes in my trading then. I am looking for trend following systems that can help me to be disciplined without second guessing and compound my capital overtime. Thanks for helping me out.

My books. My podcast. My flagship product. I help many clients.

I have been reading your books and I guess only one book is left, TF masters vol2. I really loved all of your books and I see now where I need to change my trading approach. I am going to be a part of your Flagship program most probably within a month or so. Like I said, I have spent thousands of dollars learning technical analysis which now I realise was predictive TA and what we do in Trend following is reactive TA. I just have 1 question, if all we needed was simple trend following systems, why do people teach and market all that support/resistance, trendlines, candlesticks and discretionary trading. I mean I have spent 10X more money I am gonna invest in your flagship program to learn these things and still can’t figure out how to make proper use of them. Right now I am using a very simple trend following system, but I want to learn more and grow. So I will be purchasing your Flagship product really soon. Thank you so much for making trading so simple and all the information about trend following you have shared with the world.

Ready to help you!


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

“This is a great skill to leverage and I plan to leverage it to help pay for medical school…”

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Dear Mr. Covel or to whom it may concern,

My name is [name}. I am a first-generation, low-income community college transfer and recent Johns Hopkins graduate. I was already recently admitted to Johns Hopkins for graduate school starting in June and currently applying for medical school. I’m currently at Cedars-Sinai making $20 an hour as an intern in my 2nd year out of undergrad, commuting 2 hours one way – which I will no longer have because my contract ends 3/6/24 and I start grad school 5/2/24.

I knew nothing about turtle trading but used moving averages and stacked them as a form of increasing my probability of “following” the trend of the trade on paper money TOS account. But based on the first line you can assume what I am about to ask… you are correct. I grew up on food stamps and Section 8, I was only able to go to school through need-based aid, and unfortunately, healthcare professions don’t pay much until you are out of med school. Much of my money currently goes to insurance, gas, maintenance, and family obligations. I am not asking for a handout, but asking if there is a way to learn the concepts of turtle trading in a way that is not financially crippling for me at this stage of my life.

I bought your book and even reached out to Mr. Parker directly and many others mentioned in the book. I think this is a great skill to leverage and I plan to leverage it to help pay for medical school (or at least part of it). I’m currently studying for my MCAT and preparing my medical school application.

I am not trying to get a handout again, just being brutally transparent with hopes of learning something new. I’ll include some links about me to prove my journey and credibility. I kindly ask for any advice, or assistance, as I’m on thin ice financially.

My books. My podcast. Jump in!


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep. 1280: Joe Davis Interview with Michael Covel on Trend Following Radio

Joe Davis
Joe Davis

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My guest today is Joe Davis, Managing Director and Senior Partner at Boston Consulting Group. He is the Chair of BCG’s Center for Inclusion and Equity and BCG’s North America Regional Chair Emeritus. Joe’s practice area focus includes Public Sector, Retail, and People and Organization. He also serve as the BCG executive sponsor and Vice Chairman of B Capital Group where he is responsible for deepening the partnership between BCG and B Capital.

The topic is his book The Generous Leader: 7 Ways to Give of Yourself for Everyone’s Gain.

In this episode of Trend Following Radio we discuss:

  • Leadership styles and approaches
  • Pivotal moments and experiences shaping individuals’ paths
  • Prominent business leaders
  • Diversity, Equity and Inclusion (DEI)
  • Meritocracy and its implications for equal opportunities
  • Controversies surrounding DEI efforts and societal divisions

Mentions & Resources:

Listen to this episode:

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Ep. 1279: Firehose to the Mouth with Michael Covel on Trend Following Radio

Episode 1279
Episode 1279

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Please enjoy my monologue Firehose to the Mouth with Michael Covel on Trend Following Radio.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

“Kind regards from an Italian reader of the German version of your fantastic book…”

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Thank you for sending me the presentations you wrote in your book!

Kind regards from an Italian reader of the German version of your fantastic book,
Oswald K.

You are welcome!


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

“I will keep getting better at this every day for the rest of my career until I am profitable…”

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Hi Michael,

I have encountered your content during my deep, incredible and wonderful trading study over the last 6 months. I am a new learner Trader (and I’m going to learn forever). My biggest challenge has been to know where to place my stop loss. My strategy has been an entry point when the 5-day moving average crosses the 20-day, my study has led me to believe that it works in at least 70% of cases and on any one day there will be 3-4 opportunities for the stocks I’ve been looking at. It’s a good idea to set the 5DSMA to red on the chart and the 20DSMA to green so it’s like a traffic light system and then it’s a case of red crosses green GO! (LONG) I could chat about this all day! Also, another challenge that I have is trading in isolation, this is a new career for me and I have no contacts. But I’m going to smash this business! Believe me! I will keep getting better at this every day for the rest of my career until I am profitable. It’s impossible to fail really when you think about it. There are so many wise traders of the past that make their knowledge available for me, they did all the work and I just read their stuff and learn from it! I actually can’t believe that more people are not doing this.

Have a great day and I hope you learn something, every day.

Jason L.

P.S. What are you looking at this week?

Trend followers don’t look. They react.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

“Felt like you were directly calling me a dumbass so I said fuck it, I wanna be a better trader…”

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Hey Michael,

First off, I’m a big fan. You introduced me to the world of the turtles and trend following with your books and I can’t thank you enough for that. I’ve also been listening to your podcast on and off for a few years and appreciate the work you’re doing there.

I always hear your plug at the end of each episode saying to send you an email, which I’m assuming triggers some automated response but figured I’d give it a shot. A couple weeks ago you had a wild monologue (pretty sure it was the one after you did a bunch of box jumps) where I pretty much felt like you were directly calling me a dumbass so I said fuck it, I wanna be a better trader and maybe Mike can help.

I’ve been trading (part time) for about 6 years now and learned a lot about the markets and myself but I still do dumb shit all the time. I need a system, I need a process to rely on. After years of bleeding money, I need to try something better. Hopefully you can help me get back on track.

Cheers,
Daniel S.

Start here.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.