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“My biggest challenge: To take profits, even partially. I always hope the price keeps increasing…”

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My biggest challenge: To take profits, even partially. I always hope the price keeps increasing.

1. You need a system. Hope is not a system.
2. You need a system to take profits or not.
3. A trend following system is not typically about taking profits. If you are taking profits regularly how are you following trends?
4. My FAQs.

“I consider myself a trend follower in terms of my approach to trading and I really enjoy all the work that you do in promoting this philosophy…”

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Hello Michael, I hope all is well. My name is Nico P. I am a research analyst from Toronto Canada, with a masters of finance and pursuing my CFA and CMT designations. However, I am a huge fan of all your work, I have read all of your books and listen to your podcast religiously. I really appreciate all your work and efforts. I consider myself a trend follower in terms of my approach to trading and I really enjoy all the work that you do in promoting this philosophy, as I believe in it as passionately as you. I never thought to reach out, but I wanted to introduce myself and see what some of the best ways to increase my trend following trading approaches, whether it be learning to code trend following systems or books/courses that you believe would help me progress. Again, I thank you for all you’ve done and would love to connect with you to gain even more from all of your insights.

Some links: 1, 2, 3, 4, 5, 6.

“My biggest challenge as a trader is myself. I have unfortunately followed the trend of cutting profits too soon and letting my losses run…”

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My biggest challenge as a trader is myself. I have unfortunately followed the trend of cutting profits too soon and letting my losses run. I recently discovered one of your audio books, and now I am totally sold on the trend trading concept. Trend trading really makes sense to me and I can’t think of any other system more equipped to turn a black swan into the goose that lays the golden eggs.

My FAQS and resources are good jumping off points too.

Right, but I have gone through your book and you provide not one speck of info on what to actually do. I then figured out that the promised video was the intro video which is only about selling your book and tools without one speck of info on whether to tell if you actually have a working system.
It seems that all you are doing is selling your books and tutorials, but without any hint that you actually know how to make money. It’s easy to say I am wrong with no info on what is right. I am sorry I got so excited about what I thought was going to be some good information.

Both my TurtleTrader book and Trend Following book provide system examples.

I had an issue with my flip phone way back and my phone company said that if I switched to their better more expensive service and expensive phone that I would have a decent signal. Why would I want to pay more money if they couldn’t provide a good signal for a simple flip phone? so I switched to a different company which provided good service for flip phone, so I then upgraded my phone and service with the company which provided me with service and not just talk. I’ll find someone I can trust and then pick them.

If you had listen to my podcast you know full well I will call your criticism lazy whining. When you change your attitude the world will open.

Ep. 1030: Jonathan Hillman Interview with Michael Covel on Trend Following Radio

Jonathan Hillman
Jonathan Hillman

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Subscribe to Trend Following Radio on iTunes

From the ocean floor to outer space, China’s Digital Silk Road aims to wire the world and rewrite the global order. Taking readers on a journey inside China’s surveillance state, rural America, and Africa’s megacities, Jonathan Hillman reveals what China’s expanding digital footprint looks like on the ground and explores the economic and strategic consequences of a future in which all routers lead to Beijing.

If China becomes the world’s chief network operator, it could reap a commercial and strategic windfall, including many advantages currently enjoyed by the United States.

It could reshape global flows of data, finance, and communications to reflect its interests. It could possess an unrivaled understanding of market movements, the deliberations of foreign competitors, and the lives of countless individuals enmeshed in its networks.

However, China’s digital dominance is not yet assured. Beijing remains vulnerable in several key dimensions, the United States and its allies have an opportunity to offer better alternatives, and the rest of the world has a voice. But winning the battle for tomorrow’s networks will require the United States to innovate and take greater risks in emerging markets. Networks create large winners, and this is a contest America cannot afford to lose.

Bio: Jonathan E. Hillman is a senior fellow with the economics program at the Center for Strategic and International Studies, the director of the Reconnecting Asia Project, and the author of The Emperor’s New Road: China and the Project of the Century.

In this episode of Trend Following Radio:

  • Digital Technology
  • China Tech Industry
  • EU Regulations
  • Negative v. Positive About China
  • China’s Global Infrastructure
  • QR Codes

Mentions & Resources:

“The ones who have lived inside the matrix all their lives in big corporations or the public service where group think was rewarded…”

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I enjoy your podcast. I also listen to a couple of other trading related podcasts (Alpha Mind and Chat With Traders). They have had a couple of guests who have written books on those podcasts who i thought were interesting and their books were pretty good too. Brent Donnelly who has written a book called Alpha Trader (Probably the best book on trading i have ever read). Jared Tendler who has written a book called The Mental Game of Trading which is pretty good too. James A. King who has written a book called Accelerating Excellence. Also, see if you can get Alex Berenson on there to talk about his book Pandemia. I gather from your FB posts that you don’t believe the lies we have been being fed for 18 months now either. Berenson’s Twitter account (before he got banned) and not his Substack have been one of a few things keeping me sane whilst being surrounded by people who believe all the lies and are now shocked that printing massive amounts of money to prevent riots during lockdowns might lead to inflation. One of the trends I have noticed is that the people who believe all the lies are the ones who have lived inside the matrix all their lives in big corporations or the public service where group think was rewarded and challenging the narrative meant being cast out of the tribe for being a heretic. Since your audience will mostly be the opposite of that it might be a good fit for Berenson to sell books to.

Thanks.

“Thanks for democratising information that helps traderprenerenurs every day…”

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Hi Michael, thanks for democratising information that helps traderprenerenurs every day. Wanted to follow through on your offer for the trend following info and video. How can I access the data? Thanks again for all and love the idea of the continuous diverse podcast with snippets full of wisdom. Thanks and regards, Kuldip

More to dive into here.

“The biggest hurdle for me currently is how to bring it all into practice…”

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I have bought the book yesterday and it is a very interesting way of trading and one that is in line with the way I want to live. I don’t want to be exposed to the huge negativity bias in day to day news, glued to my screen following graphs and the need to wake up at 4 am to start reading financial reports. The biggest hurdle for me currently is how to bring it all into practice. What are the next steps? Data subscription, learn how to code etc. How to build your own trading system and which software and data providers do u need. Affordable courses to learn this etc.? Many thanks in advance and keep up the good work!

Kind regards,
Dave W

1. Stop watching news.
2. Trend following is not about glued to the screen.
3. Trend following is not financial reports at 4am.
4. Some reads here and here to start.

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