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Please enjoy my monologue Trading Mindset with Michael Covel on Trend Following Radio.
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Michael,
My story from an investing perspective is limited at best.
I always looked at investing as something otherworldly. I grew up in a blue-collar family with two parents who were very intelligent but did not finish college at the University of Pittsburgh and Duquesne University. They always pushed education, so I thought I would simply make enough money as a dentist and retire.
Life happens, and after 40 years I don’t feel my nest egg is enough to transfer to my next career as a professional artist and gallery owner. By Providence, six months ago I happened to download your book Turtle Traders because it sounded interesting. Then, several months later, I received and answered an email from the Charles Payne group and started taking classes in basic investing.
A totally new world and language, but extremely interesting. The more I have been studying (10 to 15 hours a week), the more I have been drawn to the technical side. I have always noticed patterns in math, diagnostics in medicine, painting, and photography. I started listening to your book again, much more intently, and the light bulbs went on and were flashing.
I’m finishing my basic training with the Payne group (I have a one-year subscription). In the meantime, I am listening to all of Jerry Parker’s YouTubes and your audiobooks.
My goal by the end of that year (August) is to sign up for your program. Even with my limited experience I feel like trading on fundamentals is like dancing in quicksand. Trend trading just makes sense. The world is made up of systems. Why wouldn’t the financial world of investing function the same way?
I look forward to working with you, and thank you for being the voice of trend trading in the dark world of investing.
Best regards,
Kevin L.
Ready when you are!
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.
Feedback in:
Hi Mike,
Great report! Enjoyed reading it as much as I learnt from it.
I have been using 1.5-ATR from High/Low for Stops and missed trends.
I am totally switching to using only 20-Day Donchian channel Stops from 2026!
On the Quizzes Section, I didn’t understand Q4 and Q8 answers.
Best,
Arup
Answers sent!
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 hope you are well. I was catching up on your podcast today and was disturbed to hear you mention that Larry Hite will never be a guest on your podcast again. I immediately looked to see what I could find and to see if his health was OK. Is there anything you are able to share? I always enjoyed listening to Larry, an incredibly grounded, pragmatic voice of reason.
Respectfully,
Derek L.
Always wish the best for Larry!
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 Seth Levine. His day job is as a partner at Foundry, a venture capital firm, which he cofounded in 2006. Today it has nearly $4 billion in assets under management. He is also the co-founder of Goodbread, and the co-founder of Pledge 1%. Seth also spends time as an advisor to entrepreneurs and policymakers in the U.S. as well as globally.
The topic is his co-authored book Capital Evolution: The New American Economy.
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Hi,
I think my main issue was trying to enter early/cheap. But it is hard to guess. The beginining of the trend can also be chaotic, I prefer entering mature and obvious trend.
The immense majority of traders want to guess the direction and force and they believe they follow trend.
Thanks,
Youri P.PS: I took two of your books on Amazon.
Great. Here to help.
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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Hello Michael,
I’m just a 4 year trader and this 40% win 60% lose rate is one solid part of my strategy. All is about to read crowd, be patience, be disciplined and just doing the job.
Thank you for the great article.
Btw, Nicolas Darvas most fails were when he was in NY, with crowd and most wins when he was far from crowd while he was studying his breakouts. No need feeling and emotion shakers. Just execution due to your solid strategy.
Regards,
Noyan Y.
Great feedback.
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.