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Feedback in:

I’m just curious because I’m 550 episodes into the podcast and never heard you say anything about Mark Douglas. Was there a reason? He seemed to align with so much of what you talk about. I know he’s no longer with us. He was the first person I ever came across who talked about uncertainty and probability thinking. Then over hundreds of hours, you and your guests have really solidified so much of that. Was just listening to him again today and was just curious. Or have I not read and listened far enough?

Joshua C.

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He was scheduled for an interview, but he unfortunately passed on. R.I.P.

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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 Michael, [I’m trying to] find a way to employ a trend following strategy within a market neutral framework with strict risk parameters.

Best regards,
Brian

Why?

I’ve been learning about trend following/swing trading for about 2 years now. Becoming increasingly frustrated with a fundamental approach, I’m trying to think through how to effectively employ trend following concepts within the framework I’m required to work within. Effectively, I can’t lean my longs more than 10% vs my shorts (and vice versa) along with other risk limits on concentration. I’m also limited to the Industrials industry (with some leeway into tech and materials). I’m thinking pair trades (viewing it like a single security) could be the way to go. I haven’t seen anyone write on or employ this trend following/market neutral approach before. I would love to hear any thoughts you might have on the approach or if you’re aware of any literature/other investors that have utilized this approach.

Go trend following. Don’t complicate it. Market neutral is not trend following.

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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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Please enjoy my monologue Kick Them in the Ass 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.

 

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My guest today is Becca Levy, a Professor of Epidemiology at the Yale School of Public Health and Professor of Psychology at Yale University. She has received awards from the American Psychological Association, the Gerontological Society of America, and the International Association of Gerontology and Geriatrics. Dr. Levy has given invited testimony before the US Senate on the adverse effects of ageism and has contributed to US Supreme Court briefs to fight age discrimination.

The topic is her book Breaking the Age Code.

In this episode of Trend Following Radio we discuss:

• Beliefs in aging and health
• Why creativity is much lower in older people who have higher levels of mental illness?
• Research about cultural age beliefs
• Research that compares and contrasts the use of antidepressants
• The advantage of people of different ages getting together
• Physiological factors about age beliefs
• How does Japanese culture view aging?
• How important are genetics in aging?

Mentions & Resources:

• Becca Levy
• Breaking the Age Code: How Your Beliefs About Aging Determine How Long and Well You Live
• Vernon Smith
• Kane Tanaka
• Gray Panthers
• Mikhail Gorbachev

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.

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Feedback in:

Are there any Brokers that are preferred by Trend that I can contact?

Thank you,
Rich F.

What is your exact strategy and time frame?

Initially, to day trade the mini’s primarily for income using contracts working from 60 min to 15 min to 5 min charts to determine the context in trend and curve. Testing the viability of trend change to determine entry. I have been testing for several months to prove this out with very positive results. I will start with one contract per trade to uncover any issues keeping my stops fairly close to reposition if the market turns against me in the short term yet continues to trend strongly.

I would stop that now. Will never work and is definitely not trend following. Have you considered trend following?

I have read your books over the years and would only trade with the trend. Where do you see the problems? I’m very curious.

How could you ever read my books and think trend following is a 5 min chart?

With day trading I find it works very well. I plan to extend my time horizons in due course. I find the principles work on any time horizon with any asset in my testing.

They don’t work the same and they are not the same. You will learn the hard way.

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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 Mike, I trade an Ichimoku TK Cross above or below a 200 EMA on the 4 Hour. I’ve been trading crypto the last year. 12 years ago I traded a bit of Forex and dabbled in Options in Futures. Read your Trend Following Book and I’m now consuming everything I can about systematic trend following. The problem being is that there are so many strategies and then all the optimizing. I need to learn the one that will work well enough and implement it. I’m Canadian and plan to add Tim Pickering’s Auspice Capital to my portfolio. I’m really enjoying your podcast.

Thanks for the email.

Anders

Thanks, but I would leave the hourly bar trading. That’s not trend following.

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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:

The biggest challenge I have faced with my trading is calculating my loss limit for exit and actually exiting when I reach that loss limit.

Your strategy and time frame now?

Great book by the way on the Turtles! Strategy/time frame: I enter options straddles when 1) price is at the mean or 2) day before earnings, on certain stocks. I enter calls or puts on certain stocks when price is at the mean. I enter calls or puts when stock is clearly trending down or up. I use several indicators for confirmation to enter. I use no more than 50% of my account. I started with $500. I’m now at $1000. I am in think or swim practice account. I’ve lost $750 of my real money. So taking a break. I buy from 1 to 13 contracts. I plan to have two real money accounts. One with $500, the other $3000, when I get back in the game. (I started my trading journey by actually entering trades late last summer, so about 9 months. But I started learning in 2019. Once upon a time I was briefly a runner in Chicago in the mid 1990s. But for the life of me I can’t remember if it was CBOT or CME.) My stop is half of what my exit is. If my exit is at 40% then my stop is 20%. Or if my exit is at 30 cents then my stop is at 15 cents. Once I enter I use indicators for exit but much less than what I use for entry. If I buy multiple contracts, I get out of all at my stop, but if I reach my original exit then I get out of some and stay in others and stay in based on next level of support or resistance for hard exit, and set a 20% trail stop limit with no offset for Mark price to manage loss. I primarily use day or weekly for finding trends, daily for everything else, including exit/stop. I also look at 233 or 34 minute chart before I enter. All of the above are my planned strategy based on Complete Turtle Trader and other books I’ve recently read but do I follow it to a tee with discipline and consistency? No. And last year when I started trading my strategy wasn’t this fleshed out at all. The Complete Turtle Trader has really given me steadiness with my emotions when I am losing paper money. One of the lines that resonates with me is that the Turtles would get back in after several losses in a row. I have a list of over 100 equities but would like to get down to less than 50. But then again maybe even less so I can add other types of securities/derivatives. Why so many? Because ultimately I want to be able to enter 15 to 100 trades per month. No more than 30 if I decide not to aim for Trader Tax Status with the IRS.

I highly recommend to throw that strategy out and go trend following. Nothing in your description is worth saving.

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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.