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Author: Michael Covel

“One of my problems is I have a hard time letting profits run…”

Posted on by Michael Covel

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I like being at my desk and trading micro e-mini futures. I watch the markets and I study a lot of trading and investing related topics. In studying the Turtles I heard you on a couple of podcasts. Among many items of concern, one of my problems is I have a hard time letting profits run. After reading about the turtle method of adding to winning positions I see my method of trading 2 contracts and exiting at 16 ticks for the first contract and at 40 ticks for the second is counter productive. As the singer says, I need a new drug, meaning a way to take my futures to a higher success rate.

Sincerely,
Michael B.

Some truth and questions to present:

1. If you can’t let profits run — hard to ever be successful.
2. Profit targets — bad
3. Day trading or tick trading — bad.
4. Which markets do you trade and why?
5. What is your exact system?

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.

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• Performance
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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.

Ep. 1080: Sarah Fay Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Sarah Fay
Sarah Fay

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My guest today is Sarah Fay, an author and mental health advocate. Her devotion to changing the conversation around mental health led her to create Pathological: The Movement, a public awareness campaign devoted to empowering people to make knowledgeable decisions about their mental health.

The topic is her book Pathological.

In this episode of Trend Following Radio we discuss:

  • Fay’s six psychiatric conditions
  • Diagnostic and Statistical Manual of Mental Disorders (DSM)
  • Attention Deficit Hyperactivity Disorder (ADHD)
  • Psychiatric industrial system
  • One of the most common diagnoses is Major Depressive Disorder

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“Trend following always innately made sense to me. I just have no idea how to do it…”

Posted on by Michael Covel

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I’ve never traded. The biggest challenge was finding a system that works from someone that is legit. The legit part was the hardest by the way. I do have a few investment letters that I follow as well as a smattering of index funds and I do have an average (+) understanding of the stock market. But trend following always innately made sense to me. I just have no idea how to do it which is obviously why I’m here. And not to blow smoke up your ass but I think you have one of the most interesting podcasts out there.

Thanks & have a great night,
Jason B.

Worry about the content being legit. People come and go!

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.

“In your opinion, who will be around killing the game 20 years from now…”

Posted on by Michael Covel

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I listened to your audiobook 30 times until it became etched into my being philosophically. I listen to your podcast, I have books by everyone you have ever mentioned, just wanted to say thank you. You changed my perspective and my life with your work. I just had a son, my first, I want to invest with a CTA [trend follower] as part of his portfolio. In your opinion, who will be around killing the game 20 years from now?

Thanks, but I can’t make that prediction!

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.

Ep. 1079: Technical Analysis Nonsense with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Episode 1079
Episode 1079

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Please enjoy my monologue Technical Analysis Nonsense with Michael Covel on Trend Following Radio.

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

“In my humble opinion, one can successfully trend follow using 10-minute bars…”

Posted on by Michael Covel

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Michael, Just listened to your Paul Tudor Jones rant. In my humble opinion, one can successfully trend follow using 10-minute bars. I know because I have been doing it for many years now. I trade metal futures primarily (former Comex member). My win to loss ratio about 40/60, average profit about 3x average loss. I use moving averages. Just my 2 cents, take it or leave it. Love your work.

Best,
George K.

You are welcome! But 10 min bars on one market is not trend following. It’s another strategy. Not trend following by any known definition.

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.

Ep. 1078: Bill Dreiss Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Bill Dreiss
Bill Dreiss

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My guest today is Bill Dreiss, a scientist and a seasoned trading veteran with a multi-decade trading track record. He graduated from MIT with a degree in Electrical Engineering. After obtaining an MBA from Harvard, Dreiss worked at a think tank in the late 1960s. Dreiss is a systematic trend follower and uses his own proprietary methodologies, the Fractal Wave Algorithm (FWA) and the Choppiness Index (CI).

The topic is trend following.

In this episode of Trend Following Radio we discuss:

  • Benoit Mandelbrot
  • Donchian strategy
  • Daniel Kahneman
  • Mental benefits of surfing
  • Geometrical aspect of traditional technical analysis
  • Fractal Wave Algorithm (FWA)
  • Bayesian decision theory
  • Fundamental characteristics of human psychology and economics

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