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“I am interested in the financial markets, despite already 2 years I am still looking for a strategy that suits me…”

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Hello Mr. Michael,

I am glad that I found your website and immediately bought the Polish version of one of your books — “trend following“. I am interested in the financial markets, but 2 years later I am still looking for a strategy that suits me. A method that would allow me to earn a steady income (small percentage but stable). Perhaps your blog, recordings will help me focus. I got interested in the turtles some time ago after reading [name] book. It made me think about speculation. So once again I’m glad that I found your website.

Best wishes

Welcome! Read up on trend following here.

Ep. 922: Dan Sullivan Interview with Michael Covel on Trend Following Radio

Dan Sullivan
Dan Sullivan

Subscribe to Trend Following Radio on iTunes

Have you ever had a new idea or a goal that excites you…but not enough time to execute it? What about a goal you really want to accomplish…but can’t because instead of taking action, you procrastinate? Do you feel like the only way things are going to get done is if you do them? But what if it wasn’t that way? What if you had a team of people around you that helped you accomplish your goals?

When we want something done, we’ve been trained to ask ourselves: “How can I do this?” Well, there is a better question to ask. One that unlocks a whole new world of ease and accomplishment. Expert coach Dan Sullivan knows the question we should ask instead: “Who can do this for me?”

This may seem simple. And it is. But don’t let the lack of complexity fool you. By mastering this question, you will quickly learn how billionaires and successful entrepreneurs like Dan build incredible businesses and personal freedom. Dan teaches you how to make this essential paradigm-shift so you can:

• Build a successful business effectively while not killing yourself
• Immediately free-up 1,000+ hours of work that you shouldn’t be doing anyway
• Bypass the typical scarcity and decline of aging and other societal norms
• Increase your vision in all areas of life and build teams of WHOs to support you in that vision
• Never be limited in your goals and ambitions again
• Expand your abundance of wealth, innovation, relationships, and joy
• Build a life where everything you do is your choice-how you spend your time, how much money you make, the quality of your relationships, and the type of work you do

Making this shift involves retraining your brain to stop limiting your potential based on what you solely can do and instead focus on the nearly infinite and endless connections between yourself and other people as well as the limitless transformation possible through those connections.

Bio: Dan Sullivan is an expert on entrepreneurship. He is the co-founder of Strategic Coach–the leading entrepreneurial coaching program in the world. Over the past 30 years, Strategic Coach has provided teaching and training to more than 20,000 entrepreneurs worldwide.

In this episode of Trend Following Radio:

  • Dan Sullivan’s Father
  • Entrepreneurial Coaching
  • Entrepreneurial Mindset
  • Virtual Communication
  • Who not How Concept
  • Social Entrepreneur
  • Finding the Who

Mentions & Resources:

“The biggest change in my mindset has been: I don’t have to like anything I trade…”

Feedback in:

Ok, I’ll give it a shot.

The biggest change in my mindset has been: I don’t have to like anything I trade. For all intents and purposes I could loathe every company, commodity, or currency. It’s all about is it trending, and how can I jump in and out to profit from it. That’s huge, I don’t have to understand the instruments… I don’t have to like them, I’m just riding the price action. That is the really taking the “self” out of the equation.

Thanks!
S. Anderson

Truth.

Ep. 921: Jack Schwager Interview with Michael Covel on Trend Following Radio

Jack Schwager
Jack Schwager

Subscribe to Trend Following Radio on iTunes

Today on my show one of my most popular guests… Jack Schwager returns.

The Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include:

– A trader who turned an initial account of $2,500 into $50 million.
– A trader who achieved an average annual return of 337% over a 13-year period.
– A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
– A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
– A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.

World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout. The result is a engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.

Bio: Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Previous books in the series include: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His most recent book, the revised edition of A Complete Guide to the Futures Markets, was published in January 2017. His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96). He is also a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com).

In this episode of Trend Following Radio:

  • Jack Schwager Books
  • Market Wizards Book
  • The Unicorn Sniper
  • He’s his own worst enemy – Peter Brandt
  • Trading for Women
  • Penny Stocks

Mentions & Resources:

“Following the trend is the ultimate and best trading strategy…”

Feedback in:

Hi Michael,

Hope you are doing well.

I am glad to receive your personalized emails which have changed my trading and investing mindset completely. The major shift in my mindset regarding Investing is that of freeing your mind from the attachment which you have with stocks of a particular company in which you have an interest. Now I have realized that following the trend is the ultimate and best trading strategy of all times since it lets you in and out of the stock when the market lets you out and not when you think you should. So, no strings attached to stocks is the major lesson I have learned through your free email course. Hope to receive more informational mails from your side and kudos to the amazing work which you are doing by spreading this knowledge to the world.

Regards,
Aditya P.

Welcome!

“I would classify myself as a growth investor that focuses on fundamentals…”

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Hi Michael,

I am reading your trend following book right now and I read the Turtle Traders a few years ago (and loved the story). I am a money manager that manages my own money. I love learning about all different types of styles and of course I find trend following very interesting and want to learn more. I would classify myself as a growth investor that focuses on fundamentals but as I invest more and more I have been beginning to use more and more technical analysis to confirm my opinions, and generally won’t purchase a stock unless the technicals support it. Wanted to shoot you a note to say hello, because it mentions you read all the emails – and in case we ever cross paths. I look forward to finishing Trend Following over the next couple of weeks and imagine I will enjoy it as much as the Turtle Traders.

David

Be careful with the term “technicals.”

It can mean anything and usually carries the same weight as nothing.

“The biggest challenge of trading is to simplify one’s thinking…”

Feedback in:

The biggest challenge of trading is to simplify one’s thinking. Trend Following is deceptively simple – that’s it’s challenge, but also it’s beauty. I think Steve Jobs said it best: “Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”

Nice!