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Thanks, keep up the great work. I’ve been reading and listening to you for 2 decades. I’m a former client of Monroe Trout, J.W. Henry and Dunn. Decided to write and back test a systematic long only model of the NASDAQ since 1971 inception, using Bill O’Neil general market theories. 28% cagr, zero leverage on the back test. Out of the market 55% of the time. Your books have been a great inspiration to me and my two kids. We owe you many thanks.
Sincerely,
Kevin S.
Thanks!
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[What is the biggest challenge you face in trading?] There is so much information and tools, much of it from unverifiable sources, it is confusing and is difficult to know on what you can rely and if you are applying it correctly.
Jay W.
Start here. Plenty of proof.
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.
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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.
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My biggest challenge was to go from Binary Options to real trading with a safety net. There I learned that it is better to predict the weather than the markets.
I still struggle as an amateur to know about the turning points in the trend.
Keep well.
Andre E.
This is not trend following. Stop the prediction chase! It’s a dead end.
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.
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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.
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Good afternoon Michael,
About 3 months ago, while searching for a decent audio book to listen to while I am working with earmuffs on in the construction industry, I stumbled upon your “The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires“. I was intrigued to say the least.
I am slightly embarrassed to admit, but at that point in time I had absolutely zero trading experience and even less knowledge on how it all worked.
Sure I had heard the occasional jobsite story about “that person” that someone knew or had heard about that had allegedly made a fortune “trading” but for some reason I always thought the stories were exaggerated bullshit and figured successful trading was just good luck or some secret squirrel shit only people with a university degree in finance or mathematics could potentially pull off.
After listening to the preview, I purchased the book and listened to the entire thing in one day, I was gobsmacked, I couldn’t believe that something I thought was so convoluted was in fact so interesting, straight forward and able to be learnt by any human beings that are willing and prepared to apply themselves.
For that, I would like to thank you.
After this “awakening” I wanted to learn more so shortly thereafter I decided to sign up for your flagship course, which I am thoroughly invested in and absolutely loving.
For the last month or so, I have been busy trying to hone my new found skills on the “tradingview” “paper trading” platform.
I am unsure if this is the best platform to use as a training ground but I have found it has been awesome practice and training on many levels thus far.
However, one thing I am struggling with and hoping you may be able to help out with is the initial stock selection screening.
At the moment I am just setting the “change 1 month > 5%” and “Perf YTD > 10%” and the “price” on the stock screener and then I open the chart for each stock to look for breakouts, bollinger band breakouts or closes above the single moving average for potential entries.
My question is this, are there some more appropriate filters that you could recommend I could be adding into the stock screener that would help narrow down the companies and help with the entry signal searching process?
There are hundreds of different options and to be honest I have absolutely no idea what at least 3/4 of them actually do or mean.
Any help would be appreciated.
Andy M.
I recommend a deep dive. A start here will set you straight.
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 It’s Always Mindset with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.
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Hello sir,
I am J. from India. I have watched your face to face podcast with Vivek Bajaj. The concepts that you said in it were amazing. And after that I found your website and listened to your podcasts and interviews which are informative.
From the past few years, me and my brother had developed a trend following system for intraday based on structural pivots and we back tested it. It showed good results and we started implementing it in live markets. But for the last eight months we got huge drawdown more than what we got in backtest results. Then we modify the strategy from structural pivots to previous day high low and backtested it for past 6 years it gave better results than previous method and gave profits in those eight months where previous method was in loss. From July we started new method in live markets and it was good.
Our trend following method has a risk to reward of 1:2.3 and accuracy of 40% from 2018 to 2020 August and RR of 1:2.3 and accuracy of 36% from 2020 Sep to till now. So do you think thank that in coming months the strategy will lose its edge or it is just a period with less accuracy? And also we are testing this method in S&P500 and nasdaq–their results are excellent.
J. K.
I have no idea if your strategy is valid, but testing on only two stock indexes is a red flag! And of course, day trading is an even bigger red flag.
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.