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Please enjoy my monologue Four Trend Players with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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Feedback in:
Dear Michael, I don’t want to take up your time. I have a 7am-4pm accounting job that I want to quit as soon as possible. I know I can replace my income day trading. I like the tax advantages of futures. Can you send me some educational alerts for 30 days and tell me what I need to send you to continue the alerts past 30 days. After that milestone, step me up sending me more and tell me what my next payment is. Make me a Master Trader. I’ll do all the work. I have TradeStation and Thinkorswim. I follow the gold 34 EMA for ES. Buy when price is on top of the 34 EMA. Sell later. I may put you on my permanent Christmas list.
Sincerely,
David C.
Leave the day trading dream. Go trend following.
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.
Feedback in:
Michael,
Thank you for all this great info. I had to think for a few days about how to answer your question, but I’ve finally come up with the answer. Consistent profits is my biggest challenge. Growing my account, not diminishing my account.
Thanks Again,
Larry S.
Strategy is mandatory. Trend following is an option. An extremely wise option.
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 would like to receive trend following performance going back decades. Thanks, excellent book.
You can see that across my books and here and 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.
Subscribe to Trend Following Radio on iTunes
My guest today is Charles R. Chaffin. He writes and speaks on a variety of topics related to cognition, attention, and human behavior. His research focuses on multitasking and its relationship to human performance in a variety settings.
The topic is Numb: How the Information Age Dulls Our Senses and How We Can Get them Back.
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Feedback in:
Hanging onto winners [is my problem]! I see profits and get too excited and take them early. Your book is helping my mindset to let the winners run and more importantly why. I will get better!
Thank you!
Beau
What is your system and time frame?
I aim to keep it as simple as possible. I focus on companies growing revenues 15+% per year. I initiate a position when the 20 day simple moving average crosses above the 50 day simple moving average. Then I double the position once the 50 day SMA crosses above the 200 day SMA (if it has been below 200 SMA). I like to continue to pyramid into the big winners (e.g. 100-100-50-25-10-5 shares or something like that). I am going to get better at letting winners run out long term though! I have in the past picked the juicy looking fruit too soon. (I’m determined to improve at this, your book is helping my mindset a ton! I cannot thank you enough.) I risk 0.5% to 1% of my total account per trade and I use a 10% stop loss. Some trades I will use a 15% stop loss depending on how volatile it is. I take profits if the price drops 10% or 15% off the peak price of the trend. Being born and raised in Texas, I can’t help myself from buying oil and gas stocks after it has been in the dumps and starts an up trend (same method as above). I have also traded with GSG (commodity etf). Time frame holding depends on what happens with the price. I’ve never shorted anything, but am becoming interested in that from studying your materials. It just makes too much sense to follow the price action up or down instead of trying to guess at valuations. I previously studied lots of value investing stuff and found it just didn’t sit with me well when actually participating in the markets. I felt lost with no real plan. However, having a system based on actual prices like mentioned above makes it much more robotic and I really like that.
Sorry got a little long winded!
Beau
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.