Author: Michael Covel

Feedback in:

Hi Michael. Thank you for sharing some of your words of wisdom. A brief history of my trading so far… I have studied a few books:

1. Trend Following, Trend Commandments, Trend Following Mindset, Complete Turtle Trader, Michael Covel
2. Trade Your Way to Financial Freedom, Trading Beyond the Matrix, Super Trader, Van K. Tharp
3. Market Wizards, Jack Schwager
4. How to Trade in Stocks, Jesse Livermore

I started trend trading a little in 2018 starting with a £5k balance. I traded by spread betting mainly indices and forex with a few commodities using 10 min candles. I entered and exited on an EMA crossover and used a 20 Donchian channel for my stop risking 1% of my balance per trade. One of my challenges was realising that it would be rather difficult to make this my main source of income with such a small opening balance and I had the comfort of an income from working in our family business which I didn’t want to jeopardise. My biggest challenge was position sizing. Entering a trade was ok as was exiting. I have just re-read Van Tharp’s ‘Trade Your Way to Financial Freedom’ and ‘Trend Following’ by your good self but would like some real coaching ideally.

All the best,
Jonathan R.

10 minute candles? Stop that. Time for a reset.

Your biggest issue is far beyond position sizing.

Dive in below.

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Feedback in:

Hi Michael, I was out for my daily walk and listened to your podcast on Beauty vs Ugly. Ironically as I’m doing some reading this evening I stumbled across this article. Fortunately your podcast helped brace me for all the BS. I’m guessing you’ve already seen this article. If not, enjoy.

Take care,
Mike D.

Thanks!

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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, Hope all is well for you. I wanted to say thank you for what you do, it changed my life as an 18 year old. I feel like I look at the world through trend following lens, including my protection dog training business, down to sports gambling strategies. It has allowed me to keep gambling as a game and hobby, instead of an addiction. Originally, I thought your way of thinking was only important because I could make lots of money. Now I appreciate how it has evolved my thinking patterns outside the world of financial markets.

Thank you,
Kellen P.

You are welcome!

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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:

The biggest challenge I have faced in trading is not knowing what I don’t know. I’ve invested for a long time but started truly trading a year ago. With all of the “furus”, rooms, indicator products and more out there, I didn’t know where to start actually learning about trading. You simply can’t use the tools if you don’t know how. I know a lot after a year but it’s been like being thrown into the lake to learn how to swim. I somehow managed to stay alive and eventually even completed some casual races but I have never known what I was doing right or wrong. If I want to be an Olympian, I need to really learn how to do it and that means starting at some beginning and seeing where there are places to improve and even learn altogether.

I hope that helps you and I hope you help me.

Rich A.

Jump in 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:

Consistent with other articles talking about how we’re wired for pattern matching. This talks about our prediction wiring. https://neurosciencenews.com/prediction-brain-21183/

Best,
Dean

Except if you put a person in front of screen and say trade like this? Failure will follow.

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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 Train the Body and Train the Mind 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.

Subscribe to Trend Following Radio on iTunes

My guest today is Colin O’Brady, an American professional endurance athlete, motivational speaker, and adventurer. He is a former professional triathlete, representing the United States on the ITU Triathlon World Cup circuit, racing in 25 countries on six continents from 2009 to 2015. Colin is a four-time world record holder. In 2016 he set the Explorers Grand Slam (Last Degree) and Seven Summits speed records, the latter of which has since been broken. He became the fastest person to complete the adventurer’s challenges in 139 days and 131 days respectively. In the summer of 2018, he set the speed record for the 50 US High Points in 21 days. On December 26, 2018, he completed a solo crossing of the land mass of Antarctica, excluding the ice shelves, using the South Pole Traverse (SPoT) vehicle road during the last 366 miles (589 km) of the journey.

The topic is his book The 12-Hour Walk: Invest One Day, Conquer Your Mind, and Unlock Your Best Life.

In this episode of Trend Following Radio we discuss:

• What led Colin to begin his adventure?
• An incredible experience on Mt. Everest
• A horrible fire in Thailand
• How did he recover from third-degree burns and ligament damage?
• Winning the Chicago triathlon
• Pain management strategies
• How do change your life and move it in the direction of you living your best life?
• Limiting self-beliefs
• The volatility and fascinating experience of trading in 2008

Mentions & Resources:

• Colin O’Brady
• The 12-Hour Walk: Invest One Day, Conquer Your Mind, and Unlock Your Best Life
• Lehman Brothers
• Goldman Sachs
• Into thin Air: Death on Everest
• Haruki Murakami
• Sumner Redstone

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.

Jump in!