Subscribe now and watch my free trend following VIDEO.

Author: Michael Covel

Author of Trend Following and TurtleTrader.

Finding A Starting Point

Posted on by Michael Covel

Feedback in:

Mr. Covel, I just ordered your free DVD. Have you written a book that goes over your early beginnings in trading, your early thought processes, your early tinkering and experimenting and the steps you went through to that got you to your goals? I am so overwhelmed in my goal of being a successful trader I feel I need to start from the beginning. Just this weekend finished a ‘Rich Dad’ seminar and I am one of quite a few that did not ‘buy in’ right away. Not taking anything away from his program, it was just too much too quick to think about and do and I decided to wait awhile and do more of my own research. We are going to start an investment club here locally. I am tired of thinking “The Machine” is going to take care of me. I have committed to taking my own retirement funds to a new level. And the good thing is I still have a little time (I am 55). Let me know if you have written the above, or something close. Thanks a lot.
Tom G.
Colorado Springs, CO

Tom, all 4 of my books have bits and pieces of a story in them. See 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.

Success… As It Really Works Out

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.

Ep. 95: Chris Kacher and Gil Morales Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Chris Kacher and Gil Morales
Chris Kacher and Gil Morales

My guests today are Chris Kacher and Gil Morales.

Kacher is the co-founder of TriQuantum Technologies, holding company for KJA wherein he is lead portfolio manager. Dr. Kacher’s metrics have called every major top & bottom in bitcoin since 2011 to within a few weeks of the top. He was up in 2018 vs the average performing crypto hedge fund at -54% (PwC).

Morales was personally recruited by Bill O’Neil himself to join William O’Neil + Company, Inc. as a Vice -President and Manager of the Institutional Services Division, responsible for advising over 600 institutional investor clients, and as an internal portfolio manager responsible for managing a portion of the firm’s proprietary, internal assets. From 1997 to 2005 he achieved a return of approximately 2100% in his portion of the firm’s proprietary account. In 2004 he was named Chief Market Strategist at William O’Neil + Company, Inc.

The topic is their book In The Trading Cockpit with the O’Neil Disciples: Strategies that Made Us 18,000% in the Stock Market.

In this episode of Trend Following Radio we discuss:

  • The “O.W.L.” ethos, and the story behind it
  • Reversion to the mean mentality, and how it can often be the kiss of death for traders and investors
  • Trading psychology, the idea that “you must lose to win”, how the least important statistic is your percentage of gains v. losses in your trading account
  • Dealing with emotionalism and why clients often want to hear something that will make them feel better
  • Teaching people to let go of the news and simply watch the price action
  • Why people think that “this time is different”, put their trust in the central economy, and why trend following will survive into the future
  • Understanding that investing is always a process of changing along the way
  • What mental clutter in the way of fears, biases, concerns and more can build up in the mind and get in the way of clear and decisive decision-making

Listen to this episode:

Jump in!

Choppy Market Navigation?

Posted on by Michael Covel

Feedback in:

Hi Michael, I met you at Tim Sykes Conference this year. I am interested to know more about your trend following strategies. Are they applicable in today’s choppy market environment and can we apply it to options trading with time decay working against us with the simple calls n puts? –Monique C.

Time decay is an issue for regular options. But as a trend trader you won’t be trading regular options–just LEAPs options–and time decay is not the issue there.

Choppy markets? One can never predict when a market will be choppy or not. You need a strategy for all markets conditions and trend following fits the bill. It won’t make money during the chop, but it will aim to lose less. Sometimes minimizing losses is much more important v. trying to make money. You can only take what the market gives.

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. 94: Tushar Chande Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tushar Chande
Tushar Chande

My guest today is Tushar Chande, a trader, author,co-founder and head of research at Rho Asset Management in Switzerland. Chande has had a long and distinguished career in technical analysis; he brings a unique perspective on how to look at the markets as a trend following trader. He came to America and earned his Ph.D. in metallurgical engineering from the University of Illinois in 1984. 

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Early influences, and chart the journey from his days as an engineering student to his accomplishments as a systematic trend following trader
  • Analogy between sports and trading, how the best sportsmen rely on having a stable and predictable environment (unlike the markets)
  • Evaluating performance within the context of the market
  • Discretionary trading v. systematic trading
  • Learning through “trial and terror”
  • The Rho Trend Barometer and the ability to quantify the environment
  • The problem of indexes
  • The Sharpe ratio
  • The importance of market movement to trend following trading
  • “The black box disease”
  • Trusting your system
  • Cognitive biases
  • The benefit of the “black swan” and outlier events and why these events are so beneficial to a trend following system
  • Whether “one-hundred Ph.D.’s are better than one”

Listen to this episode:

Jump in!

All You Have Is the Moment of Right Freaking Now, Capisci?

Posted on by Michael Covel

From Behavior Gap:

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.

Trend Following Is Objective, But Many Forms of Technical Analysis Are Subjective

Posted on by Michael Covel

If it sounds too good to be true, it is. Consider this excerpt pulled from “Winner Take All” by William R. Gallacher:

There is little point in exploring the Elliott Wave Theory because it is not a theory at all, but rather the banal observation that a price chart comprises a series of peaks and troughs. Depending on the time scale you use, there can be as many peaks and troughs as you care to imagine. Elliott thought that a bull market consisted of five peaks interrupted by five troughs. Trouble is, no two people can agree on what constitutes a peak or a trough, so there are as many interpretations as there are chartists.

Hmmm… some of my thoughts on day trading.

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.