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My biggest challenge is consistency. I want to be able to support my family and create additional wealth.

Ray B.

Your strategy and time frame now is?

I have become somewhat scattered in my current approach. I have held trades of under a day and for as long as several months. I seem to be chasing a trading method or system that generates consistent performance. To be honest, I am not a very disciplined trader. I keep thinking that I will go back to a basic system and just stick with it but then I am lured away with suggestions of success from something else and, like a dog chasing a bone, I get sidetracked and seem to be all over the place. I guess that is about as honest about my trading as I have ever been with anyone. My time frame is anywhere from a day to a couple of months.

Just to be clear from that description–you were not trend following. If you want to go trend following I can help.

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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.

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Hi Michael, My biggest challenge has been confidence. I’ve been a rules-based discretionary trend following trader using short-term (days to a couple of weeks) options and I struggle with having the confidence to stick with my system because of all the decision making involved during the course of a trade. I think that I’d rather find a mechanical system that I know will work over time and just go with that.

I would not describe your approach now as trend following. Rules-based + discretionary = inconsistent logic. Day trading? Not trend following. Jump in below with a path to learn.

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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

Please enjoy my monologue A Double Punch 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:

I am not a trader. I have been on the boards of 12 micro caps. I do invest and also invest in highly speculative early stage ventures. I came to your post because of the Peter Borish interview. I recently invested in an early stage company that Peter is on the board of. Great job on the interview.

Sincerely,
[name]

Thanks for the feedback. These interviews are more about trend following trading (if interested). Many on that link are friends of Peter’s.

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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 Mike Dever, an American businessman, futures trader, entrepreneur, author, and the founder and CEO of Brandywine Asset Management, Inc. He has been a trader and an investor for more than 30 years. For over three decades, Dever has managed money for global banks, major corporations, and high-net-worth individuals, who have been attracted to his innovative investment philosophy. His firm, Brandywine Asset Management, has produced top-ranked returns for its clients that are uncorrelated to all conventional investment benchmarks.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• The big commodity bull market
• The phenomenal period of the first six months of 2022
• Defining risk
• Applying the scientific method to trading
• Creating a strategy as a risk replacement
• Short-term trading and high-frequency trading

Mentions & Resources:

• Mike Dever
• Warren Buffett
• Charlie Munger
• Elon Musk
• Jack Schwager

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:

Hi Michael. Thank you for sharing some of your words of wisdom. A brief history of my trading so far… I have studied a few books:

1. Trend Following, Trend Commandments, Trend Following Mindset, Complete Turtle Trader, Michael Covel
2. Trade Your Way to Financial Freedom, Trading Beyond the Matrix, Super Trader, Van K. Tharp
3. Market Wizards, Jack Schwager
4. How to Trade in Stocks, Jesse Livermore

I started trend trading a little in 2018 starting with a £5k balance. I traded by spread betting mainly indices and forex with a few commodities using 10 min candles. I entered and exited on an EMA crossover and used a 20 Donchian channel for my stop risking 1% of my balance per trade. One of my challenges was realising that it would be rather difficult to make this my main source of income with such a small opening balance and I had the comfort of an income from working in our family business which I didn’t want to jeopardise. My biggest challenge was position sizing. Entering a trade was ok as was exiting. I have just re-read Van Tharp’s ‘Trade Your Way to Financial Freedom’ and ‘Trend Following’ by your good self but would like some real coaching ideally.

All the best,
Jonathan R.

10 minute candles? Stop that. Time for a reset.

Your biggest issue is far beyond position sizing.

Dive in below.

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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 was out for my daily walk and listened to your podcast on Beauty vs Ugly. Ironically as I’m doing some reading this evening I stumbled across this article. Fortunately your podcast helped brace me for all the BS. I’m guessing you’ve already seen this article. If not, enjoy.

Take care,
Mike D.

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.