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“How much time I can expect to spend in implementing and running a trend following system…”

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Hi Michael,

I wanted to get a bit of additional information on trend trading. I’ve read “The Complete TurtleTrader” quite some time ago, and more recently I’ve started listening to your podcasts, which I will say, I really enjoy. I like your perspective and feel there is somewhat of a shared mindset with some of your comments. I’ve also just ordered your book “Trend Following” from Amazon, which should arrive any day.

I am a financial advisor in Northern California, although at this point, it would be primarily for my personal account.

While I am willing and able to put in the time to learn or develop a trend system, I would like to know how much time I can expect to spend in implementing and running a trend following system – basically, so I know what I am getting into.

Any additional information, direction, or readings would be greatly appreciated.

Paul R.

All of the links below will bring you hard into my world — specifically how much time is needed. Feel free to follow up if more questions.


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.

“Biggest challenge is not being sure when to get into a trade…”

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Hi Michael, Biggest challenge [on trading] is not being sure when to get into a trade and secondly not getting out of a trade fast enough and losing. Maybe inexperienced, maybe thinking things will turn around.

Regards,
Allan B.

You need a system. Start with my FAQs below.


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.

“Finding out what are the best indicators for 5 minutes and 15 minutes charts…”

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My biggest challenge I faced with my trading is finding out what are the best indicators for 5 minutes and 15 minutes charts.

Currently, I am reading up on ADX and DeMarker but they are more suited for 30 minutes and higher time frame charts.

Once I know which indicators to use (5 min chart), then I can stick to the buy and sell signals including stop-loss and lot size.

Alexander N.

I would stop all of that. ASAP. Dead end. It will never work. Ever.


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.

“Successful traders don’t divulge their exact strategies…”

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Hi Michael,

I’ve got a lot of the Trend Following products. I trade stocks only. I’m just curious if the trend following strategies of John Henry, Salem Abraham, Ed Seykota etc. are a well guarded secret. I never see anything written about their exact strategies other than the Turtle Trading strategy. I’m sure they’re not using 55 and 20 day breakouts but I’m also sure that successful traders don’t divulge their exact strategies. Can you shed any light on this.

Thank you,
Bill D.

When I started I looked at all the pro performance data. It was correlated. That’s the foundation of my books. I’ve never once worried about the exact parameter value one might use if the performance is similar. Maybe you are looking at this through the wrong lens?


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.

Ep. 1186: Leroy Hood Interview with Michael Covel on Trend Following Radio

Leroy Hood
Leroy Hood

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My guest today is Leroy Hood, a world-renowned scientist and recipient of the National Medal of Science in 2011. He co-founded the Institute for Systems Biology (ISB) in 2000, served as its first President from 2000-2017, and is a Professor and Chief Strategy Officer. Dr. Hood was a faculty member at Caltech, serving for 10 years as the Chair of Biology. During this period, he and his colleagues developed four sequencer and synthesizer instruments that paved the way for the Human Genome Project’s successful mapping and understanding of the human genome. He and his students also deciphered many of the complex mechanisms of antibody diversification. In 1992, Dr. Hood founded and chaired the Department of Molecular Biotechnology at the University of Washington, the first academic department devoted to cross-disciplinary biology.

The topic is his book The Age of Scientific Wellness.

In this episode of Trend Following Radio we discuss:

  • Health care opportunities
  • Phenotypic traits
  • Three components of health trajectory
  • Genome discussion
  • Obesity

Mentions & Resources:

Listen to this episode:

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“I feel enough is enough and I should hang my boots now…”

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Hey Mike,

I have been in the market for 5 years… unprofitable!

I have lost quite a lot of money as per my standards. I heard your podcast and have started trend following in Index Options now.

I have tried all types of trading and investments, like I started with investments, tried swing, intraday and commodities and am at a loss for now.

But I am very persistent, it’s been 5 years now when I look back on some excel sheets or some notes I took back 4-5 years ago. I feel enough is enough and I should hang my boots now but by nature I am very persistent and imaginative. I think of some new logic and try again.

I know a trend following strategy which worked for me for a few weeks until in 2 weeks it took 90% profit I have made. But luckily I still had 10% profit.

Can you please guide me on how I can control my risk in trend following?

Thank you!

Best Regards,
M. M.

Two weeks you used a trend following system? Then lost 90%? I am willing to bet you were not trading a trend following system in any way. The links below 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.

“Entering a trade even when trend is not clearly established…”

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Hi Michael,

Biggest challenge on trading:
a. Entering a trade even when trend is not clearly established.
b. Hesitation in taking profits when it was there.

Regards,
Pradeep B.

No. The problem is not having a complete system. Start with my FAQS below and you will solve it.


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.