BlogJune 22, 2023Michael Covel

“I was jumping from one strategy to another…”

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I use the weekly chart to define the trend. And entry on the daily or 8-hour time frame.
Price action patterns (hammer, bullish/bearish engulfing candles at support and resistance, 50MA, trend line).

My biggest challenge was finding a strategy that fits my personality. I was jumping from one strategy to another. I was more of an impulsive trader. I know I was missing something until I found out what Trend Following is and price actions patterns.

I started 7 years ago with a $2000 account and still have the same account with 40% draw down. Did not blow up my account for 7 years.


I would stop all of that. It’s not valid. It’s not trend following. Start below with my links.

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

See the courses

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

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