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Michael!

Wanted to say thank you for the time you’re spending doing those thoughtful podcasts on top of the time you spent writing those beautiful books.

It’s refreshing listening to someone talking sense in a world getting dumber and nonsensical by the day.

Genuine “intellectual introspection” is rare nowadays and it’s getting harder to find people or things pushing the boundaries of one’s level of thinking.

On another note, I completely shifted my trading strategy from fundamental analysis which involves, de-facto, a lot of emotions to a fully systematic approach thanks to you. I will give myself 1 year of purely trend following trading in order to have a proper sample showcasing the success/failure ratio. Hopefully more green than red!

In the meantime take care and wish you good luck in your future endeavors!

Jonathan

Great news!

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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 Seth Godin, an entrepreneur, best-selling author, and speaker. In addition to launching one of the most popular blogs in the world, he has written 21 best-selling books. He also founded two companies, Squidoo and Yoyodyne (acquired by Yahoo!). He’s credited as the inventor of email marketing. By focusing on everything from effective marketing and leadership, to the spread of ideas and changing everything.

The topic is his book This Is Strategy: Make Better Plans.

In this episode of Trend Following Radio we discuss:

• Value v. Cost
• Writing process and inspiration
• Strategy and its components
• Systems and their influence
• Email marketing
• AI and human distinction
• Meaningful work v. Chasing trend

Mentions & Resources:

• Seth Godin
• This Is Strategy: Make Better Plans
• Seth’s Blog
• The Gift: Creativity and the Artist in the Modern World by Lewis Hyde
• Zig Ziglar
• L. Ron Hubbard

Listen to this episode:

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

Jump in!

Feedback in:

Thank you again for these exchanges which have the merit of being frank and direct.

To tell you the truth, I have studied and am studying several trading techniques. At the same time, I began training in Market Profile in order to optimize my understanding of market developments, by incorporating cross-referenced data such as the VIX, Buy/Sell volumes, 10-year and 2-year rates. US and other variables which ultimately, I think, will allow me to have a model allowing me to refine a trading plan according to the probability rate optimized during the various backtesting carried out.

My previous question alone did not have the aim or intention of asking you a “test” question because your CV alone is enough to prohibit me from this type of behavior, in my opinion it would be totally disrespectful.

To be broader in terms of the meaning of my question, to your knowledge, what are the best results in trading, in terms of probabilities of winning trades, over 1 year, currently, human and machine combined? The names of the protagonists don’t matter to me at all.

Regards,
Marc B.

40% winners is trend following normal. And winners are typically 3-4x bigger than losers.

On 1000 trades (Dax, Dow, Nasdaq, Cac futures) carried out in 1 year, what is the trading technique that makes it possible to reach 87% of winning trades with a gain of 2% per trade, after brokerage fees and how long does it take to fully master the trading plan?

87% winners at 2% a trade is a scam. Fraud. Nonsense.

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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:

Mike,

As I near my one year anniversary of being invested with a trend following strategy I can reflect and say what a ride this has so far been! In a way I am glad that it has been a year that saw me first enjoy a strong run-up which eventually gave way to the psychological test of a significant drawdown. I’m quite pleased – both with the resiliency of my system, but even more-so with my mental fortitude over these ups and downs.

Over the course of this year I’ve also managed to read the entirety of the Hindu epic called The Mahabharata. One of the concepts that caught my attention was the idea of getting a gift for one’s “preceptor” after completing a stage of learning. Though I still have a ways to go, and have learned from a handful of people, I still consider you to be my primary teacher. So if you’re open to it I would like to honor that tradition and send you something as we approach year’s end. To that end do you drink whiskey?

Lastly, I did have a question towards which I would appreciate your thoughts. When plugging in historic price data into a backtest spreadsheet would you recommend using back-adjusted price to calculate moving averages and ATRs? To date I have only used the straight price. I got to thinking that perhaps this skews both the moving averages and ATRs to the point where any roll dates usually result in significantly higher differences from the prior date.

Thanks,
Mike K.

But real data and real roll dates—that’s the real data. That’s the data you use.

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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:

Dear Michael,

My name is Danny from the Netherlands and a starting trend trader/follower who got lucky a few times in the crypto market but wants to make it, through serious hard work on myself. And perhaps a little push in the right direction in which system to use. I realised that I was acting on emotion and displaying behavior which is responsible for retail traders losing 90+ % of the time. So now I start again.

The biggest challenge in trend trading that faces me is: not knowing where to start and not having a sound trend trading system/strategy which I could follow religiously.

The mental aspect of a trader always fascinates me to a point in which I wage a mental war on myself to see the desired traits and habits fitting and beloning to a trend trader.

I came across your work through a reference in a Dutch trend following/trading book and decided to check out your great work, this is still an ongoing process.

But do-ers beat dreamers, and decided to take up trend trading along the lines. Now the next questions appeared: where do I trade, how do I trade, how much do I trade and which broker does one select. All hurdles that are jumped one at a time every day. But a sound trend trading system/strategy still is missing.

I hope this email finds you well, and forgive me for some grammatical or spelling mistakes since English is not my native language.

Deo volente, all the prosperity and joy in the world to you,
Danny V.

If you are ready — start here.

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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:

Dear Michael,

I hope this email finds you well. My name is Rahul, and I am from India. I recently purchased your book, Trend Following Fifth Edition, and I must say, it has been an incredible read so far.

At the end of Chapter 1, you mentioned sharing the purchase receipt to receive a free interactive trend following presentation. I have attached the receipt/invoice for my purchase. I would greatly appreciate it if you could provide me with the presentation, and if possible, any additional material you may have related to the book.

Thank you for sharing your knowledge through this wonderful book—it’s truly awesome!

Warm regards,
Rahul J.

Video sent!

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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 Think Clearly with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• 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.