BlogJune 6, 2024Michael Covel

“I really like the simplicity of the trend following approach since it has a lot in common with momentum trading…”

Feedback in:

My biggest challenge [in trading] is selling winners too soon.

Anthony

What is your trading strategy and time frame as of now?

My main strategy has been momentum day and swing trading small cap stocks with low floats experiencing high relative volume.

I closed 2022 and 2023 with losses of about 2k each year so I’ve taken a break from trading serious money until I can be consistently profitable in a simulator and with small amounts of cash.

Most of my losses came from getting in at the top of stocks moving way too fast and most of my gains were quick swing trades, completed in 2-3 days.

Most of my education so far has come from [names]. So I’m still very much a beginner.

I recently bought your main book Trend Following – I really like the simplicity of the trend following approach since it has a lot in common with momentum trading strategies.

Let me be blunt — I would toss your current strategy asap. It’s a dead end. Day trading, a dead end.

Trend following is the path.

Learn the rules behind trend following, and the systems to apply them.

See the courses

More from Michael Covel: Books · Podcast · Trend Following course

Filed under Trend Following

Join Trend Following™ today.

Get the free trend following video and Michael's newsletter. Unsubscribe any time.