Blog

Feedback in:

Hello Michael.

Just signed up on your site and read through your turtle trading book. Historically, my biggest challenge is just finding a proper stock to go long. I’ve bought higher highs which might go up a bit and then they drop (eg. DINO). I buy deep lows within a range at support and they drop anyway. I’m ok with drawdowns but amazingly, it seems they’ll get hit no matter how far away I might place them. I’m on board with trend following 100%, seems that I just don’t know how to find the correct candidate to trade. I’d like to be sure that what I’m doing isn’t just wrong (I think I’m doing things correctly but maybe really I’m not).

Thanks!

Dan T.

I see it more than timing. A lot more. 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.

See 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.

Feedback in:

I just finished reading the Complete Turtle Trader last night. Great work! I visited here to see what more there was to learn about exit points/conditions and position allocation sizes. The book provides a good primer in chapter 5, but I wanted to backtest some of these ideas against some of the markets I am trading to see how I would have fared. Just dipping my toes in the water at this point.

Thank you,
Bob T.

Keep dipping. Links galore 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.

Subscribe to Trend Following Radio on iTunes

My guest today is Uri Levine, a passionate entrepreneur and disruptor and two-time unicorn creator (Duocorn), who co-founded Waze. He was also an investor and board member in Moovit. He followed his dream to create a lot of value for a lot of people, through a series of startups, that disrupted inefficient markets and services. His startups primarily focus on solving “big problems” and saving consumers money and time while empowering them. He is also a mentor, a teacher, and an author.

The topic is his book Fall In Love with the Problem, Not the Solution: A Handbook for Entrepreneurs.

In this episode of Trend Following Radio we discuss:

• The journey from failure
• The contrast of entrepreneurs in the modern age
• Entrepreneurial mindset
• Understanding the perception of the problem and building a solution

Mentions & Resources:

• Uri Levine
• Fall in Love with the Problem Not the Solution: A Handbook for Entrepreneurs
• Steve Wozniak
• Michael Jordan
• Wayne Gretzky

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

My biggest challenge is to determine if a strategy succeeds in this ever changing information age.

Trend following solved the issue of change long before the information age.

---

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:

Hello Michael, I really enjoyed your latest podcast where you brought up Ed Seykota‘s words. When I first heard you interview him he said things that really rang true to me. I’ve adjusted to this attitude to just accept what appears to me to be a rapidly worsening condition in the United States. It’s one of those things like Ed says that is a natural thing – “Like a caterpillar turning into a butterfly”. On a related note, I recently read a book that addresses this – “Enjoy the Decline” by Aaron Clarey. It addresses this topic pretty well and had me laughing in many parts. One part that you’d appreciate – The theory that guys like you and I may be pretty smart. But, when it comes to the voting public, we’re greatly outnumbered by stupid people. That explains a lot. Anyway, all the best. Hope you have a great Christmas.

Cheers,
Dave M.

Thanks!

---

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:

Hey Mr. Covel! My biggest challenge with trading has been evolving past the stage of “unconscious incompetence,” i.e., not knowing what I don’t know. I read the wrong books, went down the wrong rabbit holes online, listened to the wrong people, etc. I don’t blame anybody except myself, as it was my own judgment that got swept up by their marketing tactics.

*Side note: I love that you mentioned how your journey led you to Robert Cialdini. Getting familiarized with frameworks from advertising, copywriting, and marketing gave me the knowledge to understand how good advertising hits the consumer right where it hurts. I have the discernment I lacked before, so I can come across the next bright shiny object in trading with the proper level of scrutiny.*

My ignorance doesn’t justify my past mistakes, but I did feel there to be a silver lining to the pain upon reading a quote you included by Denise Shekerjian:

“Confidence comes from success, to be sure, but it can also come from recognizing that a lot of carefully examine failures are themselves one path to success.”

Kudos to you for putting all those quotations in the book by the way. So many authors in the trading world keep their audience in an echo chamber, and always forgo mentioning anybody else that is not them. Based on how many quotations you put in the book, and how much emphasis you put on profiling great trend followers in chapter 2, I knew that you would be somebody worth learning from because you pay homage.

Anyway, I had read the book by Nicholas Darvas recently and found your book Trend Following shortly thereafter.

Needless to say, I can’t put the book down. I’m only on the second chapter, but this is by far the best book on trading I have ever read.

I will absolutely give you a shining five star review on Amazon once finished.

I’ve been telling my friend all about it, urging him to read it. He and I don’t have any connections to the finance world, but we consistently run ideas past each other.

I am new to the trend following philosophy, I am only on chapter 2 of your book, but I have found it all to be truly profound—not just in terms of trading, but life as a whole. I’ve been reading snippets here and there to my fiancé as well, showing her how well written the book is. It is coherent, and it flows incredibly well. Trend Following is is an absolute joy to read.

Whether you reply to this email or not, I want to commend you for writing an incredible contribution to the world of traders. I subbed to your podcast, just trying to soak it all in and get up to speed. I intend to become a proficient trend follower myself, and look forward to the journey of learning from you and the rest of the greats.

Thanks a million. I hope you and your loved ones enjoy the holidays!

Abel R.

Thanks!

---

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 Tail Risk Thinking with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• 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.