Author: Michael Covel

Feedback in:

Without question I always struggle with how and where to set appropriate stop/loss levels for my trades. Without wasting too much of your time, any quick tips/suggestions you are willing to share would be greatly appreciated!

Thanks!

Rich L.

You need a full system:

• 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.

Start with 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.

Subscribe to Trend Following Radio on iTunes

My guest today is Peter Borish, the chairman and CEO of Computer Trading Corporation (CTC). He is also a partner in Adam Hoffman’s natural gas options trading team at Torsion Technologies, and an advisor to Norbury Partners. Previously, through CTC, Borish was the chief strategist of Quad Group and its affiliated companies. In addition, he helped traders develop a methodology to enhance their performance by serving as a trading coach. He formerly worked at the Federal Reserve Bank of New York, was a founding partner and second-in-command at Tudor Investment Corporation, was chairman of OneChicago, LLC, and was chairman of the non-profits Foundation for the Study of Cycles and The Institute for Financial Markets.

The topic is forex.

In this episode of Trend Following Radio we discuss:

• Post the great recession; how has inflation changed the economy?
• Debt
• Leverage
• The trading perspective
• The current state of our monetary and fiscal policies
• Risk management is our system today
• Today and the 1970s
• Perspective on crypto

Mentions & Resources:

• Peter Borish
• Paul Tudor Jones
• Milton Friedman
• Robin Hood Foundation
• Jesse Livermore

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!

Feedback in:

I day trade futures for 2 hours in the morning. You seem to not be a fan of day trading. Would your trend following course just not help with that?

Alexx A.

Trend following allows you to not watch during market hours and it offers a different return stream than what you have now. Trend following also has much more historical proof than day trading.

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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’ve read everything (about market/trading), know all the technical techniques, to a point where I went into “analysis paralysis” state for two years. I came from nothing, lost everything which is nothing to most people, I have run my accounts 1000 percent only to lose 80-90 percent of every time. That happened about 6 times in 8 years and I’m 24. All I know is market and price action. After I read your book (5th edition) and Ed Seykota books. Those helped me get across the paralysis state. Market and psychology are the same I know it deep down. Price is a reflection of human behavior which can be predicted. I just wanted to thank you.

From a Fan

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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue The Invincible Company and Dark Data 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:

Hi Michael, The biggest challenge in my short experience of trading is over analysing and not pulling the trigger, and double guessing in the wrong direction.

Thank You,
Grant M.

You need a system. You need rules. If you don’t have that — the cycle continues.

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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:

Michael, My greatest challenge has been what you discuss so well in Chapter 6: Human Behavior of Trend Following. Sincerely, Arne V.

Do you have a system now?

Yes, I do. My strong influences have been Dennis Wyckoff & Mark Shawzin, and of course your book. I utilize essentially naked charts and assess the market using three charts; Daily, H1, and 15M for refined execution. I trade session to session and am flat the market no later than 1:00 PM PST. 3.5 trades/day average. My hang-up has been summed up in the quote from your book, “The real pattern they miss is the pattern of acting with complete confidence to make decisions right or wrong in the face of the unknown.” Thank you for writing Trend Following. It has been immeasurably valuable.

Thanks for the nice words. But here comes some hard truth. Trend following is not hourly or minute bars.

Thank you for your forthcoming words. I completely understand what you mean, however, aren’t trends really a function of time? I agree smaller time frames are noisy compared to daily, weekly, and monthly charts for sure. Regardless, I believe that the trend following principles you so succinctly describe in your book still apply to me. They have helped me so much. By naked charts, I simply mean few to no technical indicators, just price action. Thanks again.

Trend following uses money management and portfolio strategies. 15-minute bar trading is something else, not trend following. Read.

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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.