Author: Michael Covel

Feedback in:

Hello Michael, Love the podcast. Just listened to the Mark Rzepczynski conversation. Could you please share your materials? Very interested in trend following. Much appreciated.

Michael B.

Was Mark your first episode? Why do you like the podcast?

Definitely not the first. I listen sporadically but had a long flight to France and binged in both directions. I am not good with names early in the AM, but my favorite was the guy from Dunkin’ Donuts. He is a humble pragmatic business leader. Of course all of the guests with an investment slant particularly the Turtles. Also liked the psychologist/author that you had some disagreement with. Oh, and your rants/monologues are also great.

Thanks for the feedback!

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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:

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• Frequently Asked Questions
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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.

Feedback in:

My biggest challenge is getting over the fear of trading. Sounds stupid but I’ve been “educating myself” for 11 years and I still haven’t really taken the plunge!

Best wishes,
John S.

Your strategy and time frame now is?

I’m going to start trading options and CFS’s. ASAP. Thank you.

You told me what you will trade. But what is the system? Time frame?

Not sure what you mean by system and time frame is short to medium. Thank you.

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.

All traders 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.

Do you have that? One reader responded:

I guess the answer is no. If we mean my own behaviours, I can explain my system: Find the trend, get a position. (About 10 stocks which are different industries) Put a loos-stop on lowest price of last 5 days. When loss-stop works, I wait trend or look other stocks. When stocks give profit I move loss-stops to on lowest price of new last 5 days. I don’t change loss-stops of loos-making stops. It is working in short terms. I haven’t start futures, I don’t open short positions. That’s why I miss downtrends. But this system is worse. It makes me look like day trader. Worse one.

Your system is a dead end. It’s not trend following.

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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:

My approach to trading in the recent past has been to follow fundamental analysis. I traded the euro us dollar in a long view and entered the market every beginning of only a week when the previous week or weeks there had been a retracement of at least 200 pips since for the theory of parity of the purchasing power of currencies the price of the euro to that relative to the dollar was undervalued. According to Columbia University’s purchasing power currency pricing theory, the equilibrium was around 1.2500 / 1.2700 eur / usd. I was profitable until May 2021 when there was a revaluation of the euro against the dollar up to the price of around 1.2300 and then the price plummeting to parity of (1/1) these days. From May 2021 until October 2021 I continued to trade in the buy euro dollar direction, also averaging downwards and, unfortunately, I suffered heavy losses that canceled out my previous profits. This is the experience I have had on trading trading only one currency pair. doing operations by diversifying between several currency pairs I was able to mitigate the time wasters I was able to obtain some increasing gains or over time. This I cannot say. This is the most important experience I have had in trading. I would appreciate your views on the main mistakes I made in the trading I have carried out. Thanks for the answer that I want to give me.

Best regards,
Stefano D.

Your entire strategy should be tossed. All of it. My FAQs below will give another view.

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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 Bill George, an executive fellow at Harvard Business School, where he has taught leadership since 2004. He was chair and CEO of Medtronic, was an executive with Honeywell and Litton Industries, and has served in the U.S. Department of Defense. He has served as a director of Goldman Sachs, ExxonMobil, Novartis, Target, the Mayo Clinic, and World Economic Forum USA. He received the 2014 Bower Award for Business Leadership and was elected to the National Academy of Engineering in 2012.

The topic is his book True North: Leading Authentically in Today’s Workplace.

In this episode of Trend Following Radio we discuss:

• Today’s world leaders
• Social networks and Facebook chaos
• The essence of True North
• What led Bill to his career?
• Investment knowledge from Warren Buffett
• Bill’s core philosophy
• A message to emerging leaders in the making

Mentions & Resources:

• Bill George
• True North: Emerging Leader Edition
• Warren Buffet

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:

Dear Michael, My biggest challenge has been separating fact from fiction. Now that I have decided upon trend following, it is also just knowing where to start – how to place a trade, what software (if any) is useful, etc. Any practical tips would be welcomed. Is this covered in your course, or is the focus on the system rather than the practical execution of the theory?

Regards,
Chris

My books My Flagship product. Both can get you there.

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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:

Hi Michael, I read a few reports, or articles from hyperlinks in your lessons about futures and options being zero sum, whereas stocks and ETFs are not. Does it make much, or any difference to anyone to invest in one or the other? Thanks, and the best and great articles you have are quotes by the masters, like Kovner and Druckenmiller.

Futures, ETFs, and leaps can all be used to trade as a trend following trader. That said, of course, they are different instruments.

Hi Mike, Thank you for your reply. I don’t think I asked the question correctly based on your answer. I will try again. As investors in any products, do we care if the product is zero sum or not zero sum? Thanks Mike.

I don’t know that caring is the issue. The issue is that you can trade as a trend follower using futures, ETFs or leaps. It’s a choice. They can all work. They are different instruments. More.

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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.