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Author: Michael Covel

Author of Trend Following and TurtleTrader.

Jim Rohrbach Offers Insight on Darvas

Posted on by Michael Covel

Feedback in:

Mike:

I am so pleased that you discovered Nicholas Darvis. I bought his book “How I Made 2 Million Dollars in the Stock Market” in the early 1960’s. That’s when I first started developing my RIX Market Timing Index. I loved that book and I lent it to someone or gave it to someone. There were many lessons in that book for a young guy trying to figure out how to invest with the trend. Like, “Never Sell A Rising Stock”. His transactions were documented very well I thought. Stay out of market board rooms. He definitely influenced my thinking about identifying changes in the trend of the stock market. I could not put down the subject and I spent 7 years developing my RIX Index which accurately identifies changes in the trend of the stock market. It has worked for over 40 years and it frequently gets me ranked No. 1 in the country on Timer Digest’s Top Ten Timers List. Yes, Nicholas Darvas is the real deal and I am so glad that you are telling your readers about him. He is definitely one of my [mentors]. I am pleased that you are bringing his work back to life. I hope your readers study what he said in that book!

Your friend,
Jim Rohrbach

Thanks Jim!

Note: People can listen 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.

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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. 366: The Statistical Mindset with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The Statistical Mindset with Michael Covel on Trend Following Radio
The Statistical Mindset with Michael Covel on Trend Following Radio

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Please enjoy my monologue The Statistical Mindset with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Having a foundation, a system to get through the noise
  • Developing a statistical mindset
  • Understanding risk and knowing how to deal with it
  • Getting “under the hood” of any trading system
  • Richard Feynman’s lecture on computer heuristics
  • What computer heuristics have to do with systems trading
  • A trait that geniuses have in common
  • The importance of isolation and concentration in learning

“The most important thing is to feel about things you should feel about, and think about things you should think about.” – Penn Jillette

Mentions & Resources:

Listen to this episode:

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Feynman on Scientific Method

Posted on by Michael Covel

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:

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• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
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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.

Feynman: Mathematicians versus Physicists

Posted on by Michael Covel

The physicist trader is the more likely answer (versus Mathematician).

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.

The Fantastic Mr. Feynman

Posted on by Michael Covel

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.

More Feedback on the China Experience

Posted on by Michael Covel

Feedback in:

Hi Michael,

I enjoyed your monologue 358 on Beijing visit very much and could not agree more on being on the ground and be more sensitive to the local customs and norms. I would like to get a copy of the free DVD and would appreciate it if you could send to my address below: (I am a subscriber to your website but it seems to reject me sending feedback message).

[Address]

Best regards
[Name]

Thanks!

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.

Looking to Buy a Money Machine?

Posted on by Michael Covel

Feedback in:

Michael:

I have just finished reading your communication on the “why sell system..” Here is my take on it. It is perfectly honorable to sell [a] system. I think there are two broad groups of people who buy systems.

One group who buys these with expectation that they are buying a machine to print money tomorrow are set up for immediate disappointment. They can’t/don’t follow it and experience it in real life and do only in bits and pieces and eventually abandon it.

The other group buys system as first step towards their education and if it works out for them they work on improving the system to match their needs and personality. Eventually they end up with something that has basic foundation they started with but totally different parameters etc.

So both group ends not using system they started with but they have entirely different outcome in the process. It is like attending High School: some people finish that and some don’t.

This is a complete hypothesis on my part, so do let me know if you have any insight on what happens after people buy your or any other system.

I can’t see how people think that if they buy anything from me that it is a machine to print money. Unless they are delusional. In terms of ‘system learning’ the Turtle experiment proved rules could be taught. Sure, you can modify, but it’s still trend following.

Insight after they buy? https://www.trendfollowing.com/success.

Of course, I am sure some don’t trade for any number of reasons. However, trying to figure that out is like studying fundamentals–a never ending futility.

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.