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Dear Michael, My biggest challenge has been separating fact from fiction. Now that I have decided upon trend following, it is also just knowing where to start – how to place a trade, what software (if any) is useful, etc. Any practical tips would be welcomed. Is this covered in your course, or is the focus on the system rather than the practical execution of the theory?

Regards,
Chris

My books My Flagship product. Both can get you there.

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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
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• Crisis Times
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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Out of Context 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.

Feedback in:

Hi Michael, I read a few reports, or articles from hyperlinks in your lessons about futures and options being zero sum, whereas stocks and ETFs are not. Does it make much, or any difference to anyone to invest in one or the other? Thanks, and the best and great articles you have are quotes by the masters, like Kovner and Druckenmiller.

Futures, ETFs, and leaps can all be used to trade as a trend following trader. That said, of course, they are different instruments.

Hi Mike, Thank you for your reply. I don’t think I asked the question correctly based on your answer. I will try again. As investors in any products, do we care if the product is zero sum or not zero sum? Thanks Mike.

I don’t know that caring is the issue. The issue is that you can trade as a trend follower using futures, ETFs or leaps. It’s a choice. They can all work. They are different instruments. More.

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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:

Hey Michael,

Thought I’d drop you a quick note to say thank you for all your content over the years.

I have, I think, listened to every single one of your podcasts! You bring such a range of people on so it’s great, and one of my favorites is when the guy cut you off because you challenged him too much in the end, gave me a good chuckle out loud. It was very interesting to listen as it happened, it escalated so quickly and then he cut the conversation in the end I think.

Anyway, keep up the amazing work you do.

The biggest challenge I have faced in trading is making sure I keep the small bets rolling through, making risk management a top priority, and not betting the farm so to speak on the latest and greatest. I let myself get into the nitty-gritty of the latest, but I let price do the job it is there to do and filter out what is working and what is not.

Price rules and everything else is entertainment.

Once again, a big thanks of gratitude for all the content you have produced over the years. I think the first book I read of yours was the way of the Turtle that my manager left on my desk one day, and the rest is history from that day on.

Rob E.

Nice story and thanks!

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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 Mark Rzepczynski. Prior to co-founding AMPHI, Mark was the CEO of the fund group at FourWinds Capital Mgmt. Mark was also President and CIO at John W. Henry & Co., an iconic Commodity Trading Advisor. Mark has headed fixed income research at Fidelity Management and Research, served as the senior economist for the CME, and as a finance professor at the University of Houston Baer School of Business.

The topics are Trading, Economics and Trend Following.

In this episode of Trend Following Radio we discuss:

• How to build a strong trading career
• How does inflation cause distortions
• Inflation in financial markets
• Leverage and portfolio management
• How the FED would protect the stock market
• VUCA: Volatility, Uncertainty, Complexity and Ambiguity
• Accuracy from a trend following perspective

Mentions & Resources:

• Mark Rzepczynski 
• Rudi Dornbusch
• Gerd Gigerenzer
• Gary Klein
• Paul Volcker

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:

Hello Michael, First of all, really nice video of yours! Concerning your “What is your biggest challenge you have faced with your Trading?”: What kind of diversification (how many markets and assets?) would be preferable to make a trend Following (TF) system work if you have little cash (let’s say $20 thousand US dollars) and operate in an Emerging Market (I live in Brazil)?

Best regards,
G.

First 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.

Read also: www.trendfollowing.com/capital

And: www.trendfollowing.com/markets

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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:

Hello Michael, I just have a quick question for you. I understand trend following is ideal for longer term investments, but can it be scaled to use in short time frames suitable for day trading?

Andrew T.

Trend following is not day trading.

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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.