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Please enjoy my monologue Four Voices with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.
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Hello Michael,
I have no experience trading, so no challenges yet. However, I am hesitant about trend following or trading due to a lack of knowledge. I’ve read three of your books and the one that stood out for me was The Complete TurtleTrader. The Turtle philosophy and rules seem straightforward enough, but the devil is in the details. Currently, I simply have very little knowledge about commodity futures, foreign currencies, stock and interest indices, etc., and their leverage implications. Second, which CSI data plan should a novice initially use? Third, how do I track all the required information either by paper or Excel in order to stay on top of things? I believe one of your books mentions using a paper system in order to build a deeper understanding of the process. I currently invest in both Canadian and U.S. value stocks by using James O’Shaughnessy’s book What Works On Wall Street. I perform a quarterly analysis, using Excel, to rank the stocks based on value metrics, sort them into deciles, and then select from the top decile based on a six-month price momentum. So, it seems that I may already be using a type of trend following system for stocks. So far, I’ve been pleased with the results. I look forward to reading your mini trend following course.
Thanks,
Gary
Before you can go jumping into software and data? A first step. Your current strategy? Not trend following.
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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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,
Just tuned into your podcast 1057. Wow, you do say it as it is and I love the fact that you don’t take any prisoners.
After years of trading, I am no closer to the goal that I set for myself regarding financial freedom. Of course, I have done some good trades over time however I now realize (mainly after reading your words in your books) that I perhaps am my own worst enemy by not understanding the concept of trend. I was simply in and out of trades and didn’t allow the trend to work its magic in my favour.
I would very much enjoy receiving the right steps to take regarding trend following and also your video you spoke about.
Kindest regards
Joseph C.
Email sent!
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.
A recent email exchange with a client:
Client: How is everything? I had a question about choosing a business model… Is it possible to be a home base CTA and manage it virtually?
Covel: What do you mean?
Client: I was reading the “How to become a CTA” article in dropbox. It says you can save huge amounts of money by starting the business out of your home. I was wondering if that is actually realistic…
Covel: Why does the physical location matter?
Client: I don’t think it should matter, and I don’t think people would really care as long as the track record was good and they’re making money. I was just thinking… what if I’m able to raise a 1-2 million in my first year and clients know I’m managing the money at HOME. Just thinking about their reaction and wondering if I would lose credibility. That is more the negative side though, some people may think it’s pretty cool.
Covel: I have a pic of the home Bill Dunn started his firm in. I have visited over the years many CTAs working out of their home.
Client: Awesome Thanks a lot for sharing that with me! That eliminates any insecurity I had.
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 Amy Herman, a lawyer and an art historian who uses works of art to sharpen observation, analysis, and communication skills. She developed her Art of Perception seminar in 2000. She subsequently adapted the program for a wide range of professionals and lead sessions internationally for the New York City Police Department, the FBI, the French National Police, the Department of Defense, Interpol, the State Department, Fortune 500 companies, first responders, the military, and the intelligence community.
The topic is her book Fixed.
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Subscribe to Trend Following Radio on iTunes
Please enjoy my monologue Wake Up and Think with Michael Covel on Trend Following Radio.
Want to learn more Trend Following? Watch my video here.
Feedback in:
Hi Michael,
Thanks for your email. Trend following has piqued my interest and I’m continuing to learn more through your podcasts and books. I’m also not a techy-programming kind of guy but I started learning more about excel and bought some excel courses that I’ve started working my way through. So thanks for the inspiration on that because I’ve been wanting to learn excel for a while and you helped me push forward with this goal.
I had a couple of follow up questions:
1. I’m assuming trend following will work on CFD’s as it does on futures? Say if I want to Trend Trade with brokerages like Oanda, IG Markets or VantageFX. I’m assuming the principles and results should be consistent?
2. The brokerages listed above all use either MT4 or MT5, which is very popular for trading robots. Can I use MT4 and MT5 programming language to program Trend Following programs and run them in Metatrader? I’m thinking if I can use Excel, then I should be able to also use the MetaTrader Language – just want to double-check before I invest time in learning this type of programming.
3. Does everyone who purchases your course trade the same system/rules? Are they getting the same results? Where does the customization come into play, and how does that affect the results?
Thanks again – I appreciate your time.
Jason A.
1. Why CFDs? Read.
2. On software? Read. Trend following rules can be used on Excel.
3. People are not robots. Differing results will come from entry, risk management and portfolio selection variation. That’s normal. Big picture results will be similar, but this is not thousands of people trading the exact same rules at the exact same moment.
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.