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Please enjoy my monologue The Prince of the Pits with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.
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Mr. Covel,
I have listened to your to books on audio. I maybe should actually buy a copy maybe I can get the info I am really look for in there.
Let me tell you my trading journey. In 2020 during COVID I started following markets all my friends at work were saying get in now it is low. Buy now. I was skeptical about it so I just looked at it made and account. Did one trade on an oil EFT made a quick $500. Then I witness the fall of crude oil to the negatives. I got into another oil trade made $15,000 from that. I thought this shit is easy. And of the story always repeats after that all the winning gone going negative. Realizing this is not easy, but there has to be away.
I see people make money. I mean there are professionals out there making money. Surely I can make money doing this. So I looked in to learning. I got some more gains from the market on some lucky trades so I put that towards my education. I consider myself a Trend Following trader. I have spent money on education of the markets. I did not just but anyone’s course I followed them looked them up trying to determine for myself they are who they are.
I have learned about all sorts of ways to use fib ratio, elliot wave analysis, support and resistance, supply and demand wyckoff theory. All of these have improved my understanding of markets but not to the point to get me in profit. I am tired of hearing my friends just getting into trades not knowing why they do it like assholes and just make money. I mean what the fuck am I doing wrong. I did back test and realized if I trade like an asshole I make money but I would have to endure I huge draw down of more than 60% of my capital or more who knows what markets will do in the future. I cannot fathom trading without a stop loss. But a lot of people do it. Every time I hear my friends telling they are in a trade I say where is your stop loss they always say ‘What is that?’ Then I proceed to ask ‘How much you down?’ They tell me. I say ‘What is your initial account size?’ I always tell them they are crazy. But they make money. Am I just too scared?
I just want to know are you gaining in these current market conditions. I do not remember anything in your books about how to determine trends I feel like it was just a huge plug for your system to get me to pay for it. Are you real? I look up google trying to get any info on your system and nothing, somehow you are keeping it a secret very well. I am not looking for rich quick I am just wanting to be profitable and take one trade at a time. I have visited your site. I am looking at your Flagship program. All the mentors always say you will make your money back but I have yet to do that. I am not looking for a promise from you … I really want to make this work for me. I am trying but I am failing. I hope you will respond to me. Thank you for your time.
Respectfully,
Gregory C.
Unfortunately, “fib ratio, elliot wave analysis, support and resistance, supply and demand wyckoff theory” are all useless. Jump into one of my books first. Those will set you on the right path.
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:
Hello sir.
I trust you are doing amazingly well.
Trading with the trend means if in a trending bullish market, wait for drop in price to the low trendline to buy, buys should be what should be targeted. And this is trading with the trend, if trend lines are the guiding lines.
What’s your experience about this sir?
Abimbola A.
Trend lines are nonsensical predictive technical analysis. All the links below will set you on the path.
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:
Hi Michael,
The biggest challenge I face with my trading is how to control my emotions while seeing a loss in MTM.
I am in my “fear” mode. So, to keep MTM at small loss, I keep the stop loss very tight and eventually it gets hit most of the time.
Could you give me an insight… a work around?
Regards
SM
A work around? How about a system! Start with my FAQs below.
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 Edward Lee who teaches international intellectual property law, copyright law, and trademark law. He joined IIT Chicago-Kent’s faculty in 2010 as a professor of law and director of the Program in Intellectual Property Law. His research focuses on the ways in which the internet, technological development, and globalization challenge existing legal paradigms. He also writes extensively about the Framers’ understanding of the Free Press Clause as a limit on using the Copyright Clause to restrict technologies.
The topic NFTs.
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Feedback in:
Michael,
My biggest challenge is trading while working a 9-5 job. And of course consistent profitability.
Tod N.
Your strategy now? Time frame? Trend following doesn’t require market hours.
I appreciate your reply. Current strategy is day trading options, mostly scalping, rarely holding overnight. Impossible with recent job change.
Stop all of that. A dead end.
I really don’t have a choice based on job changes and schedule. I love trading and want to keep up with it though.
Day trading is a dead end. Trend following uses daily closes or weekly closes. No staring at screen all day. Read my faqs below. You have a choice.
First, I want to thank you for your emails, from the podcast it sounds like they’re real, and not a bot/etc. If that’s truly the case, it is incredible that you take the time to chat with people like this. Second, I’ve perused your info and it sounds like you know what you’re doing, and something I would benefit from. Here’s the problem, in my 18 month trading journey I’ve paid hundreds of dollars to a guy who promised “winning trades”, that turned out to be a waste. Then I realized I needed “community” so I paid thousands to a service that “gave winners daily” and then offered some “community” another waste. Then I thought I could do the trading part on my own but enjoyed the community so paid more money to join a chat room. Humorously you point this out in your ‘must listen to‘ podcast and it made me laugh really hard because I had done the exact same thing. Now I’m faced with quitting or spending more money, of which I’m running thin at this point, to turn my trading journey around. I realize there’s a guarantee but I’m hard pressed to make this type of move now. If you have any suggestions of alternate routes (or scholarships!) I am open to hearing them.
Life is about sunk costs. In terms of time or money. If you spend time or money it’s gone. Can’t worry about the past or let past mistakes govern your future. I have books, a podcast and courses. Lots of ways everyone can learn from my world.
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 Big Events with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.