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“What’s missing today that the Turtles had in spades…”

Feedback in:

Hey Michael,

Your story hit me—not because of the Wall Street glamour or the Massey name—but because of that precise moment when pretense gets stripped away. I’ve felt that moment. Different context, same weight. And like you, I didn’t come from pedigree or connections—just obsession and an allergic reaction to mediocrity.

Here’s my challenge, and it’s not the usual cocktail of fear, discipline, or impulsive trades. It’s deeper. It’s structure. More specifically: a total absence of credible, direct mentorship in a time when we’re drowning in “information.”

Today, every algorithm-chasing TikToker with a brokerage account calls themselves a mentor. And yet, ironically, despite unprecedented access to data, forums, books, and backtests—I’ve found it harder than ever to find the signal.

I’ve studied the greats—Schwager’s interviews, Kovner, Seykota, even Darvas. But what they had wasn’t just systems. They had environments. Rigid, high-pressure crucibles where skin in the game was non-negotiable, and intellectual honesty was demanded. That doesn’t exist anymore—not in a meaningful way.

I’m not after another course. I’m not asking for a play-by-play. I’m looking for the scaffolding that separates journeymen from killers—something that cuts through the noise and builds actual edge. Turtle-style.

What I’d love to know from you is this: What’s missing today that the Turtles had in spades? What can’t be downloaded, Googled, or ChatGPT’d?

Appreciate your time—and your candor. It’s rare.

Best,
Jan

Knowing that you know, and relaxing. That’s what’s missing. That’s how I help clients.


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“Breakout isn’t the holy grail…”

Feedback in:

I read your all of your stuff. I’m aware of all breakout funds. I was simply asking that’s all. Breakout isn’t the holy grail, pal.

This is called fundamentally not understanding what trend following is AND reducing it to the great indicator chase. I’ve known this since you first emailed. Took you a while to finally say it.

Reading is one thing, understanding another.


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.

“My biggest fear is overcoming my instinct to jump back into the market prematurely…”

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I’m reading your book, The Complete TurtleTrader now, and have Trend Following on my table to read next.

My biggest fear [on trading] is overcoming my instinct to jump back into the market prematurely and buy the dip now, when I see that the futures are up, but that the trend is still down. First thing I did this morning was to check out the futures. Up over 300 already. Trend might be turning, but it is still down. Until I see the trend turn positive, ten over twenty, twenty over fifty, I have to keep reminding myself to stay out. I’m not selling anything, because I do believe that this market eventually will turn. But when that happens, I don’t know. Could be today. Could be six months from now.

Nicholas J.

Trend following solves your indecision!


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.

“I am on a quest now to gain as much information on trend following…”

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Hello Michael. I’ve been listening to your podcast for about a year now and have read a few of your books. I feel a commonality with your outlook on things. I am on a quest now to gain as much information on trend following and the markets in general to get out from under the boot of the financial system that everyone is brainwashed to believe in and become free. I’m a sponge ready to absorb any information that you would find useful for someone that is trying to find their way. Thank you for all the great content you have put out over the years.

Chad B.

Sent!


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. 1335: Thinking for a Living with Michael Covel on Trend Following Radio

Episode 1335
Episode 1335

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Thinking for a Living with Michael Covel on Trend Following Radio.

Listen to this episode:

“Do an episode on what the “data driven” experts have to predict…”

Feedback in:

Hello Mike,

Hope you are doing well.

Someone sent me this video and I couldn’t stop thinking–what would be your response? https://www.youtube.com/watch?v=IzZ-P26eyFQ

I am quite sure that it’s likely to be very straight forward as your other podcasts are.

Would it be possible for you to do an episode on what the “data driven” experts have to predict?

With regards,
Umesh

That video is not related or connected to trend following trading. Start here.


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.

“I have been working with your system for a year now…”

Feedback in:

Hi Mike,

I have been working with your system for a year now. One of the final things I’m struggling with is when to exit a trend that starts to reverse.

Hypothetically, I identify a buy signal from an end of day high compared to the last X end of day highs.

Over the next week the trend is up past 1.5 ATR. I add another contract. Over the next four weeks I add another four contracts. As I understand the system, no additional contracts are to be added after five 1.5 ATR increases, or contract additions to the initial entry contract.

Over the next two weeks, hypothetically the trend reverses and moves downward. This results in giving back 2% in gains.

What would be your recommendation? Or, better, with the system I have come to believe in and followed what is the rule to riding trends, but not giving gains away. Want to add, I’m looking at a case five contracts have been added and as I understand the rule is we don’t add more than that.

Thank you for your time and continuous contribution.

You have truly changed my vision of what can be.

Darnell F.

Your answer is in your in box!


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.