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My guest today is Derek Lidow, a professor of practice at Princeton University, author, speaker, entrepreneur, former CEO and founder of iSuppli, and former CEO of International Rectifier. Lidow is author of three books: Startup Leadership: How Savvy Entrepreneurs Turn Their Ideas Into Successful Enterprises, What Sam Walton, Walt Disney, and Other Great Self-Made Entrepreneurs Can Teach Us About Building Valuable Companies, and THE ENTREPRENEURS: The Relentless Quest for Value.

The topic is his book The Entrepreneurs: The Relentless Quest for Value.

In this episode of Trend Following Radio we discuss:

• Being an entrepreneur
• How technology evolves and its complications
• The entrepreneurial perspective
• Adverse consequences
• Venture Capital
• Capitalism

Mentions & Resources:

• Derek Lidow
• The Entrepreneurs: The Relentless Quest for Value
• Henry Ford
• Mike Markkula
• Marc Scott
• Mike Milken
• Andreessen Horowitz

Jump in!

Feedback in:

Mike,

You have been a tremendous influence in my trading. I love all your great content/podcast and my favorite one is “Be with the trend, enjoy the ride” (as Tom Basso would say). I’ve been burnt too many times in the past trying to buy the dip for a bounce and the recent quote you shared from Paul Tudor that “Losers average losers” hits it on the nail.

Appreciate all that you do for the trading community.

Ranjan O.

Welcome.

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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:

Michael,

Thank you for talking straight with no bullshit. It’s refreshing and needed.

Thank you also for putting Trend Following in context for me which continues to make a difference in my trading.

Happy Holidays!

Mike C.

Welcome!

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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 Professional with Michael Covel on Trend Following Radio.

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• Free Video.

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

Feedback in:

Michael,

When I identify a trend and take a long or short position as a result, I typically get stopped out with a loss most of the time when the trend reverses or fails. I set stops at about 10% for new positions. I tend to be late to the trade, so I must be identifying the trend too late. When I do find the stock I purchased or shorted goes in favor of my trade, often I sell/cover too soon and miss out on capturing much larger gains.

Lance S.

This not a wise strategy. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Also see my FAQS below.

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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:

Hi Michael,

My biggest challenge is to find a consistent routine in trading. There are so many opportunities out there and so many strategies, indicators, and so on. It is so easy to get distracted. How to become consistent in every move you take?

Thank you that you are doing all this great work and publishing so much valuable information.

Best wishes,
Roman B.

Start with my FAQS below. Remember. You can see the trend following proof. Where is the proof for other “strategies”?

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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:

The thing is I enjoy your views. Yes, trend following is the way to go and stops are vital! I have been a market analyst for over 50 years and a system developer for around 30 years.

Best wishes,
Dennis

Thanks for the note!

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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.