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My guest today is Michelle Drouin, a psychology professor, forensic consultant, expert witness, and internationally-recognized researcher and speaker on issues related to technology, relationships, couples, and sexuality, including issues related to addiction and partner violence.
The topic is her book Out of Touch.
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Hi Michael, My name is [name]. Since last year I am trading based on technical analysis mostly on nifty and bank nifty options (Indian indices). I use CPR and pivot point and some important levels like PDH/PDL and supply/ demand zone. How is trend following is different from this?
I would never recommend anyone use the strategies you describe. See my faqs.
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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• Frequently Asked Questions
• Performance
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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.
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Before I answer ‘What is the biggest challenge you have faced with your Trading?’, here is a little background. I have been swing trading since 2014 after the oil price collapse. Half in Canadian and half in US markets, stocks and ETFs only. Up to that time, I was working in an engineering consulting business, specifically O&G facilities design as a Mechanical Piping engineer. Specialty – piping stress analysis. Recently, purely by accident, came across your book Trend Following and subsequently onto your website. Just by reading the introduction and preface, I realize it is the same as what I was doing up to now. The only difference, I consider myself a ‘surfer’ on the market tide fluctuations. And yes, I am not convinced of EMT existence. One of the minor permanent upsets is when the company’s quarterly results beat the market predictions, stock price direction is 50/50. Back to your original question, I have a couple of ongoing challenges: Finding what designated market makers (DMM), previously called specialists, are doing, where are they going, why. Also, it appears that market money moves like ocean currents underneath and is difficult to detect (except Atlantic ocean). Today the only explanation is a result of ‘sentiment’. Wind direction for this phenomenon is another challenge.
Regards,
Dan K.
Why not just go trend following? Let go of the trying to understand why, along with assorted dead end strategies.
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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I have an intraday trading system based on trend following supertrend indicator on 3 min time frame. But it fails pretty miserably on sloppy days where the stock I am trading with moves within a range leading to multiple loss making trades. So I thought I need to find volatile stocks that doesn’t move into range for a particular day and that day trade on that stock, but haven’t been successful in finding those kind of stocks each day.
P. G.
Two things:
1. That will fail as a strategy guaranteed.
2. That’s not trend following.
The good news? You can leave that strategy.
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 Inflation Insanity with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.
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Michael,
Loved your recent Larry Hite interview. It reminded me of some of the respected elders I had in my life who are now gone. He is a hoot and I found myself laughing out loud a few times.
Cheers,
Dave M.
Larry’s great. Check his book out too.
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.