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Feedback in:

Hi there Michael. I have just finished reading The Complete TurtleTrader. I have a subscription to Nial Fuller’s LTTTM course (price action trading) and know his strategies and execution methods. I have personally not traded much, due to finances, I have traded though with some success and some failure, always on a very small scale and only trading commodities (gold and oil) and some forex pairs (eur/usd, gbp/usd etc). I really enjoyed the read and enjoyed, although risky, the out of the box thinking they incorporated into their trading. I personally have the opposite view, to how the turtles was taught, that you should sell strength and buy weakness, although that has not really paid off for me, in any big way. I guess the reason for my email is I would really like to find some success with the markets and see the way the turtles traded as a way it can be possible. Is it possible to explain the S1 and S2 methods again with perhaps an example using it on any currency pair? Thanks and have a great day.

Willie S.

My books are inexpensive. My podcast is free. But my time to teach? I do that one way: Training. That is comprehensive. Not simply a focus on entry/exit. Gets into portfolio selection as well. Might not be the answer you want now, but may be the best one.

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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,

I’ve been listening to your podcast to and from work, it helped a lot with my study. The magic really is in diversification of the portfolio but also the as in adding units, that’s where the money maker is right? The whole trading idea I have lived with has been a lie, it’s not about the technicals. It’s really about keeping the winners and cutting the losers… (funny) These ‘gurus’ I have fallen victim to have also been a trade one market only. I have had a lot of aha moments and I feel like my common sense is being built back.

Kindest regards,
Albin A.

Diversification is an issue. Money management is an issue. Two of the five critical issues.

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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 Larry Hite, a hedge fund manager who is credited as one of the forefathers of system trading. He co-founded Mint Investments in 1981, which by 1990, had become the largest commodity trading advisor in the world in terms of assets under management. After forming a partnership with the Man Group in the same year, he pioneered the principal protected fund concept, leading to a number of successful structured products and financial engineering innovations.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• Trading philosophy and principles
• Personal anecdotes and experiences
• Book publishing
• Market Wizards
• Proactive risk management
• Taking calculated chances
• Education system and street-smart thinking

Mentions & Resources:

• Larry Hite
• The Rule: How I Beat the Odds in the Markets and in Life―and How You Can Too
• One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch
• Market Wizards, Updated: Interviews with Top Traders by Jack Schwager

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!

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Minding Your Own Business 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.

Feedback in:

Hello Michael,

I have not traded anything yet. I have been reading about investing for a while now. I don’t know where to start because investing, like accounting has so many different ways to invest. Each style has its own language.

But that has not stopped me from continuing to read. When I found the turtle book, I was interested because it touts about following a system. I am a very systematic person and like to have rules. I’m highly interested in learning more.

It may take me time, but I will get there. I have to work on building seed money to start my investing career.

Kind regards,
Janice Y.

Good attitude!

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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,

I want to become a successful trend following trader. I have signed up to your email list after reading your book.

I started trading in equity on 12th December 2023. I trade equity in the Indian Stock Market. I feel I was lucky to have come across your book which has shaped my thought process for trading.

My return on capital for my first month after learning from your book is 11.99%.

Thank you so much for your help.

I wish to learn all that is to learn and become a successful trend follower.

Thanks,
Bhavuk A.

Read all below too. The journey is just starting.

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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,

My biggest challenge in trading is staying with a stock after it has had a large decline. Today for example, MSFT was hit badly in the market. They had an earnings report yesterday that looked ok to me, but the market apparently didn’t like it or the guidance for the following quarters. Or is the market for tech stocks declining and MSFT is caught up with that possible reversal. I don’t have a clue. On a weekly chart MSFT still looks ok, but on a daily chart it doesn’t. What to do?

Best regards,
Fred W.

Do you currently have a system? Until you get a system you will always have these issues. Steps: www.trendfollowing.com/start.

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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.