“I thought I’d share my trend following journey to date…”

Feedback in:

Hi Mike,

I thought I’d share my trend following journey to date.

It’s been nearly 9 months since I originally contacted you. At that point I had read half of your book Trend Following and I was blown away by the research and the attention to detail. I had a feeling that maybe you could help me but in all honesty I wasn’t sure how. By the time I found you I had been struggling for 4 years and getting nowhere. I was frustrated, I knew that what I was doing was not right and the knowledge I had gained studying for a Bachelor of Commerce was great in theory, useful in earning a salary but totally useless in trading world.

You responded to my initial email with a few simple words, “Stay in my world for a while. I can help. Mike”. I had no idea where this was going to go but I had nothing to lose if things didn’t work out and everything to gain if they did. I signed up for your Flagship program. My simple plan was to stick with it for 18 months and finish up being consistently profitable in the markets. I really had no idea what I was truly buying and the journey that I was about to embark on.

I was happily reading your material, doing the work, listening to your podcasts and things began to change; so slowly at first that I hardly even noticed and then after listening to one of your podcasts something changed, it wasn’t the specific content of that podcast (by the way they’re all interesting and thought provoking) something just clicked; all I could hear was you saying, “Trust and verify” and everything changed.

I realised it wasn’t about whether I was trading commodities, ETFs, stocks or pink polka dotted umbrellas, it was all about price, liquidity and having a system with a positive expectancy, a suitable return to draw down ratio for me and just consistently following it. It’s not about the charts, candlesticks, Fibonacci levels etc etc etc , it’s about making money and managing risk.

Now I’m working on being a trend follower; it’s spilled over from the markets to my life. I do more of what works less of what doesn’t and just keep going. Your work has opened my mind to so many ideas which has brought about change to not only my life but to that of my three children. I am not the typical mum that says study hard, get good grades and get a job; they’re now hearing a different message, to look at what they can learn from a job not the dollars it pays, to develop a side hustle, invest, look at the reward to risk, don’t risk too much and expect to fail many,many times happily. It’s not about the ratio of wins to losses it about the size of each, trend following 101.

I can’t thank you enough for the impact you have had on my life and my children’s lives. I think back to my mindset a year ago and I can’t believe that was me. Trend following will always be a part of my life and I am truly grateful for the work you do and the way it has changed me. I hoped to become a consistently profitable trader at best what I got was a different way of looking at the world.

With my sincerest thanks,
Julie

Thanks for those kind words!

“Have you seen compression of returns [in trend following]?”

Feedback in:

Michael:

Enjoying your book. Read some info on the internet that trend following has lost some luster (performance) over the last several years. Have you seen compression of returns? Maybe your book has become too popular…

Thank you.

Wrong conclusions. Someone every few years pushes this angle…

Review:

trendfollowing.com/resources/
trendfollowing.com/charts/
trendfollowing.com/markets/
trendfollowing.com/events/

“I bought your book when it first launched and I loved it!”

Feedback in:

Hi Michael,

I bought your book when it first launched and I loved it!

I was an award winning mutual fund manager but unfortunately I made big mistakes and lost everything. I got involved in building businesses and brands and I lost investors their capital. I’m probably going to jail for a long time.

In order to keep my mind active and in order to find a way to make my family money one day, I want to trade. I’m following [name] as I agree with his short term strategy, but for the long term its trend following.

I didn’t realize I was subscribing to a course. I just bought the latest edition of your great book and I’m looking forward to reading it.

Regards

Thomas

Jail? That sucks. Don’t bend down to grab the soap!

“I am also going through all your podcasts…”

Feedback in:

Hello Mr. Covel

My name is [name] and I bring news that word of Trend Following has reached as far as north as Dawson City, Yukon, Canada. I am writing you to sincerely thank you for all your work, as you have changed my life by shattering any illusions I had of working for the next 40 years in hopes that there will be some pot of gold at the end of the rainbow, i.e. retirement/pensions. I initially bought Turtle Trader on Audible, which prompted me to buy not one but two copies of Trend Following, ebook and hard copy. My current front runner for strategies is the [name] rule since it is easy to implement on my trading platform.

I started simulating in January of this year and continue to do so, while slowly easing into putting on positions with my own money. I am currently an account holder with [name], which gives me exposure to 100-150 markets to track, read simulate without risking the inevitable draw downs. I focus on currencies, commodities and indices, since those are the most accessible markets with my broker, and most liquid for a beginner like myself.

I am also going through all your podcasts, currently on episode 73, they are an excellent supplement to my reading providing insight from those who have come before me. I am currently struggling with setting stops so that I don’t wipe out, while giving the position “room to breathe” and perform. I still have much to catch up on as I am late to the party, but somehow still earlier than most people my age and even older. Thank you again for all you do, as for the nay sayers out there, like we say in the Yukon, “fuck’em.”

Best Regards,
[name]

Thanks! Yes, fuck ’em.

Ep. 787: Matt Kepnes Interview with Michael Covel on Trend Following Radio

Matt Kepnes
Matt Kepnes

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Ten Years a Nomad is author Matt Kepnes’ poignant exploration of wanderlust and what it truly means to be a nomad. Part travel memoir and part philosophical look at why we travel, it is filled with aspirational stories of Kepnes’ many adventures.

Kepnes knows what it feels like to get the travel bug. After meeting some travelers on a trip to Thailand in 2005, he realized that living life meant more than simply meeting society’s traditional milestones, such as buying a car, paying a mortgage, and moving up the career ladder. Inspired by them, he set off for a year-long trip around the world before he started his career. He finally came home after ten years. Over 500,000 miles, 1,000 hostels, and 90 different countries later, Matt has compiled his favorite stories, experiences, and insights into this travel manifesto. Filled with the color and perspective that only hindsight and self-reflection can offer, these stories get to the real questions at the heart of wanderlust. Travel questions that transcend the basic “how-to,” and plumb the depths of what drives us to travel ― and what extended travel around the world can teach us about life, ourselves, and our place in the world.

Ten Years a Nomad is for travel junkies, the travel-curious, and anyone interested in what you can learn about the world when you don’t have a cable bill for a decade or spend a month not wearing shoes living on the beach in Thailand.

In this episode of Trend Following Radio:

  • Ten Years a Nomad

Mentions & Resources:

What is your biggest challenge?

I ask the question: what is your biggest challenge?

One answer:

Michael,

Focus on one system, or strategy, and filtering out the noise. I get distracted trying to find information on the latest new thing, tech, cannabis, crypto, EV, autonomous cars, etc.

Tom F.

I just imagine all the channels turned on, all the papers delivered and magazines everywhere.

Doesn’t work.

Some starts: 1, 2, 3, 4.