Author: Michael Covel

Feedback in:

Good evening Michael,

I am a day trader with nearly 5 years experience and a swing trader following [name]’s style for nearly 3 years who has only recently learned of the Turtle Trading system in the last few months. I have read your book, The Complete Turtle Trader, and also [name], together with reading numerous blogs, and watching many YouTube Videos. I am interested in purchasing one of your training programs to go deeper; however, a simple question/misunderstanding remains in my mind after all the current reading I have done.

I don’t understand how “turtles” pyramid into a position with max size of 4N, adding a unit at each 1/2ATR above initial entry. I have attached a spreadsheet of “theoretical” trade in MS, based on one of my current profitable swing setups, buying retracement of EPS gap ups. The trade ultimately builds up to nearly 168% of account equity and carries 5% risk on full stop out. This appears to be extremely aggressive, and would not leave room for “diversification” as the account is nearly at full overnight margin of 2x equity on one position. I sincerely would appreciate a simple explanation of what I am missing/doing wrong. Finally, I am working through the resources you have linked on your site, and I am interested in your recommendation for the best training to pursue next to continue my development as a turtle!

Warmest Regards,
Jeff R.

To your question:

–Trend following is not unleveraged.
–Trend following is not day trading.
–Trend following is not straight stocks on typical margin.
–Trend following doesn’t use swing ups or retracements.

That is the start to the trend following education.

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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
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• 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.

Subscribe to Trend Following Radio on iTunes

My guest today is Jeffrey Tucker, the founder and president of Brownstone Institute, a nonprofit organization focusing on public health, economics, and the philosophical foundations of freedom, with a particular focus on post-pandemic rebuilding. He has served as a columnist at Forbes, founder of the Atlanta Bitcoin Embassy, Senior Distinguished Fellow of the Austrian Economics Center, Research Affiliate for the RMIT University Blockchain Innovation Hub, founder and Chief Liberty Officer of Liberty.me, an adviser to blockchain application companies, and author of many thousands of articles and books. He speaks widely on topics of economics, technology, social philosophy, and culture.

The topic is the Covid era.

In this episode of Trend Following Radio we discuss:

• The effects of Covid-19 worldwide
• Lock down effects
• How life was changed by the pandemic
• Challenges with us still
• Vaccine pros and cons
• Financial corruption
• Understanding the principle of money

Mentions & Resources:

• Jeffrey Tucker
• Deborah Birx
• Anthony Fauci
• Andrew Cuomo
• Tyler Cowen
• William MacAskill

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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Feedback in:

Hey Michael, I’m a freshman studying data science and applied statistics at Purdue University. I’ve been listening to your podcast while walking to class for a while now and I love them!

You are welcome. You have a lot more listening to do!

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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Don’t Hide the Numbers with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

Do you have any recommendations? I’ve been trading my own account with good performance but want/need more capital to make it full time.

Everyone I’m coming across wants closed-out positions at 5PM everyday which doesn’t really work well with a systematic trend following approach, where I’m in trades for multiple months.

Any ideas? Thoughts?

Travis W.

1. Stop the day trading.

2. Raising first time capital fifty years ago was friends and family. Still the same.

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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.

Feedback in:

Hello Michael,

I’m a CPA and I’m in the process of retiring. I’ve always been fascinated with investing and the mental side of it all, the moving of markets, cause and effect, human behavior, etc.

In the last couple years, I was dabbling in S&P futures and was basically using a dollar cost averaging approach and doing well till last year. Of course got smashed and did all the wrong things. Looking back, I can’t believe how naïve I was to it all (still am).

However after that experience, I thought to myself there has to be a better way. Started just looking at annual charts and thought “good lord” the charts all go up and they go down (In a trend), there has to be a trigger. Then I thought, this is so dumb surely there is an AI program that is already doing all the analysis. So I purchased an expensive license to [name]. Using a 20-day Simple Moving Average (SMA). I’ve been able to do some fairly time-intensive historical paper trading and trying to create systems that are not time intensive. I think I’ve come up with a system that will risk a small amount (with stop losses in place), and then I’ve been using a weighted formula for how much I would trade per day inside the trend (probably overthinking it). With this system I’ve gone back 4 years in several markets and have made some money, but sporadically. For example actually lost money in calendar year 2019 with US Dollars. So not sure the system I’m using is very efficient. Am I on the right path or am I missing something significant? With the amount I spent on [name], I’m very reluctant to spend any more without some return on my investments.

In [name], I asked my coach about these trends and he gave me your name and an episode to listen to on your podcast (I think episode 400 with Tom Basso). After that, I was like, “I want to be this Tom Basso fella.” I like to golf and as I mentioned I’m retiring soon so I don’t want to spend all day trading. However I’m very disciplined and would love to run trading systems. That just sounds perfect to me. Set up the systems in the evening and go golfing. Hopefully make some money too.

Thanks for any suggestions you might have.

Have a great day!

Todd O.

Start with all links below. That will get you rolling.

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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.

Subscribe to Trend Following Radio on iTunes

My guest today is Lou Kerner, a Founding Partner of CryptoOracle, a Crypto VC and Advisory firm focused exclusively on investing and advising entities leveraging, blockchain, cryptocurrency, smart contracts and decentralization. Kerner has been a crypto enthusiast, investor, public speaker and thought leader since 2013.

The topic is Crypto.

In this episode of Trend Following Radio we discuss:

• Bitcoin
• Capitalism
• Peak dollar competition
• Crypto

Mentions & Resources:

• Lou Kerner
• Brad Rotter
• Warren Buffett
• Marc Andreessen

Jump in!