Author: Michael Covel

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Trends can only be seen clearly if you stand far enough away. So the trend itself is a probability problem, many people talk about it, and there are always a few people who can get close to the trend. There are factors such as technical analysis, but there are also issues of influence intervention. It’s hard to get rid of all the factors and just say trends.

In addition, trends look for traces in history, but in reality there are too many variables, and the complexity between variables is not predictable. Just as we know the big trends are local wars, we certainly didn’t know Russia and Ukraine were going to war in March of this year. And we understand trends in order to avoid as much harm as possible from the big crisis.

A trend is a constant review of human behavior.

Ally H.

But you need a rock solid system to trade trends. It’s more than philosophy.

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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
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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.

Subscribe to Trend Following Radio on iTunes

My guest today is Stefan Falk, a professional advisor, and executive performance and development coach. His proven and unique expertise is centered around themes such as change and transformation, organizational effectiveness, performance management, and behavior development. His industrial experience spans most industries and sectors, from financial institutions to traditional industrial companies to leading professional services firms.

The topic is his book Intrinsic Motivation: Learn to Love Your Work and Succeed as Never Before.

In this episode of Trend Following Radio we discuss:

• How to master your inner environment
• How the human mind operates
• The pre-configured mind and its priorities
• Explaining a deeper self-understanding
• Leveraging risk in the entertainment industry
• Our cognitive reserve

Mentions & Resources:

• Stefan Falk
• Intrinsic Motivation: Learn to Love Your Work and Succeed as Never Before
• Dan Pink

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• Free Video.

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Michael,

The dude who hammered your book and likes predictive technical analysis is and IDIOT and does NOT understand the CMT.

I used to like JC Parets (TA Radio) who is a CMT. He would never tell you he could predict the future. Stopped listening because I had to cut back on the number of podcasts I listen to.

JC would use market sentiment to develop a thesis to help make a decision of “potential” direction and classic patterns just help determine consolidation areas, and break outs as a jumping point (IOW reaction point).

Stop losses are always part of his plan and he is always ready to admit he is wrong when the market tells him. I even think he admits a typical trend following win rate of 40%.

True technical analysts are surfers and not fortune tellers.

Trend following is reactive technical analysis, not predictive technical analysis. Big difference. Most technical analysis is the predictive type (a waste of time).

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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:

I have your latest book on my kindle. I will eventually read and learn the difference between TA and TF. I assumed, I guess incorrectly, they were the same. Though haven’t you interviewed Peter Brandt? I’ve been listening since episode 1 (might be confusing your podcast w/ Chat w/ Traders). He’s a classic chartist, jumps in at the breakout and hopes a trend develops, stops out early as soon as the market turns around.

Oh wait, you’ve mentioned on the podcast the terms “price” and “quantitative” approach. Jesse Livermore did not chart, he kept track of price and price action. I think he even used a type of sector trend as confirmation. I am looking forward to reading your book to learn what the differences are.

Love the quote in one of your episodes – “Covel is the devil and his ideas are shit” – that was hilarious.

I listen all the time.

Danny

TF is not charting.

I interview everyone. But TF is still not typical TA.

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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 How Did They Know 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.

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Hello Michael.

Just signed up on your site and read through your turtle trading book. Historically, my biggest challenge is just finding a proper stock to go long. I’ve bought higher highs which might go up a bit and then they drop (eg. DINO). I buy deep lows within a range at support and they drop anyway. I’m ok with drawdowns but amazingly, it seems they’ll get hit no matter how far away I might place them. I’m on board with trend following 100%, seems that I just don’t know how to find the correct candidate to trade. I’d like to be sure that what I’m doing isn’t just wrong (I think I’m doing things correctly but maybe really I’m not).

Thanks!

Dan T.

I see it more than timing. A lot more. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS below.

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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:

I just finished reading the Complete Turtle Trader last night. Great work! I visited here to see what more there was to learn about exit points/conditions and position allocation sizes. The book provides a good primer in chapter 5, but I wanted to backtest some of these ideas against some of the markets I am trading to see how I would have fared. Just dipping my toes in the water at this point.

Thank you,
Bob T.

Keep dipping. Links galore below.

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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.