Author: Michael Covel

Feedback in:

Hi there,

My biggest challenge is resisting the urge to try and legitimize my emotional responses as other than emotional responses. For example, I take a position and the stock drops immediately. Day 1 is explained by volatility. Day 2 triggers intuition to sell, but I “know” my choice is right so I stay in. Day 3 is a “red day” in the market so the drop isn’t about my decisions; it’s just the market. Day 4….well my decisions were correct so there’s an endless stream of “rational” reasons that allow me to preserve my decision choice while losing money. Now I realize two things 1. It was always about fear, hope, and ego, 2. None of it matters in trend following because, if I had been trend following, I would have had a plan and been out on day 2. Otherwise, a lesser challenge is mining the work of trend following for how to start with smaller account.

Cheers,
Mark

Nice feedback. Sounds like you are on the path. More 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.

Feedback in:

Hey Michael,

This is Roberto. I’ve been listening to your podcast for a few days, I had not listened to it before and I’ve found it very interesting. Your approach of getting involved in whatever market offers an opportunity is something I totally share with you. However, to this day I’m still not a consistently profitable trader and I have been around for quite some time now (on and off for more than 8 years). I have tested some strategies (mostly discretionary) and I have jumped from one to another looking for a right one, but I still can’t manage to find consistent profits. I wanted to write you to see how to get started on trend following trading as I share with you many of the views you have about trading.

Best regards

Stop jumping. Start learning.

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.

Michael Covel Trend Following Resources:

• Trend Following Preface (PDF)
• Michael Covel Interview (PDF)
• Podcast (Listen)
• Trend Following Research Process

Third Party Trend Following Resources:

• A Century of Evidence on Trend Following Investing (PDF)
• Two Centuries of Trend Following (PDF).
• On the Origins and Nature of Trend Following (WEB)
• Speculation as a Fine Art: Dickson Watts (PDF)
• Memoirs of Extraordinary Popular Delusions by Charles MacKay Volume 1; 1841 (PDF)

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’ve been a financial planner, boutique startup venture capitalist, and business leader. I’ve never seen anything that can reliably, consistently, and repeatably generate returns that significantly beat the broader market. I believe most of Wall Street is a scam to loot the poor and middle class. I agree with Michael Burry that a bubble is forming in passive indexing, but am also concerned about exposure to losses from the whims of HFTs or central bank action. That’s why a strategy that can capture the momentum of the crowd without fighting it appeals to me and I want to learn more.

Dive in.

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 Steve Herz, the President and Founding Partner of IF Management, Steve Herz is one of the most influential voices in the broadcast space, as well as a respected business leader.

The topic is his book Don’t Take Yes for an Answer: Using Authority, Warmth, and Energy to Get Exceptional Results.

In this episode of Trend Following Radio we discuss:

• Don’t Take Yes for an Answer
• Confidence and Strength
• Using Authority
• Changing Communication Behaviour
• Energy Definition
• Speaking and Listening

Mentions & Resources:

• Steve Herz
• Don’t Take Yes for an Answer: Using Authority, Warmth, and Energy to Get Exceptional Results
• Filler Words
• Jack Canfield
• @stevenherz

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hi Michael.

The biggest challenge I have is with trading subscriptions. If traders were all that successful, why are they selling subscriptions? If I were a trader making millions in the market place, what is the benefit of offering a subscription service other than to guarantee a steady return?

Dave

I don’t offer a subscription. I give you the rules — you go. Boom. And steady returns? That’s bullshit.

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

Please enjoy my monologue It’s How Good You Want To Be with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Want to learn more Trend Following? Watch my video here.