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Hello Michael, I think that the biggest challenge I have is a distraction. There are multiple factors which are distracting me, but I am working on that to stay focused.
Kind regards
Daniel
Your strategy and time frame now?
The strategy relies on Elliott Waves. Mainly, I operate on 30M and 1HR graphs, so the time with the position is limited to a few days maximum.
Stop the 30M and 1HR bars. Stop the Elliott Waves. It’s nonsense.
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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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Hi Michael, I’m very interested in the Turtle system, but I’m a bit confused. Because on the Internet it is said in many places (e.g. on Wikipedia) that the system no longer works today: If anything, it needs to be adjusted. In back tests of the last 20 years, it usually only achieves losses and the drawbacks are gigantic. Are they all jealous? Or did you really adapt the system so that the original rules no longer apply? I would appreciate a clarifying answer.
Best regards
Bernd J
Turtle trading is trend following. Trend following works. Read my TurtleTrader and Trend Following books here.
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.
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Mike,
Your systems are marketed primarily for the big guys and the returns and drawdowns are superior to major indices. This is achieved by controlling risk and the system inherently produces above average rewards.
What kind of returns will the system produce for a slightly higher risk tolerance?
I am not looking for superior returns but to earn a living off trading. So if I want to average $1000 a day and am willing to take extra risk, what kind of capital will I need to start with?
Ideally, I’d like to fund an account, withdraw 5k a week and still let the account grow.
Regards,
[Name]
1. My systems are marketed primarily to regular traders — individuals. Those are my clients.
2. Risk and reward are tied at the hip. Risk more? You can make more, but with steeper drawdowns. It’s math.
3. Read: www.trendfollowing.com/capital.
4. Anyone who promises you that you can make a consistent set amount per day, i.e. $1000, $10,000, etc. is either a liar or a criminal or both. Guaranteed.
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.
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[My challenges are] Knowing when to enter a trade and when to exit. Predicting trends.
Scott H.
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.
Prediction is not the goal.
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.
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Hi Michael, I’ve been working on a trend following CTA, but we use discretion to turn on systems via seasonal analysis and then let the systems take over 100%. Do you think the use of that discretion on the seasonal systems is dumb?
Thanks. Best, Drew
You don’t describe a trend following method. Seasonal/discretion will never be trend following. Do you want the trend following performance benefit? That’s the issue.
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.