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“I have been learning about trading for a long time but have not found a replicable method that is backed by data and actual real life examples until I read your Turtle book…”

Posted on by Michael Covel

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Hello Mr. Covel,

I really appreciate the emails I have received so far, since they have answered many of my questions. I would also like to take advantage of the 20% discount in order to sign up to your flagship program, as it looks like great value.

Before I do that, I would like to let you know where I currently stand and my state of mind, and get your opinion on how should I proceed.

I have been learning about trading for a long time but have not found a replicable method that is backed by data and actual real life examples until I read your Turtle book.
As an engineer and an MBA, I am fully versed in System Dynamics, Statistics and Finance. Because of this, I fully understand the reason of why trend following works and the discipline that it requires for it to work. I am also aware that:

  1. Learning this method will require a lot of practice and a seed investment, both to get right tools and to invest.
  2. It will be a lot of dedicated work but I am willing to put in the time to learn and stick to the method.
  3. I am not looking for a get rich quick solution but to grow my wealth over a long period of time.
  4. My horizon is long term growth over a period of 25 years.
  5. I would like to get small but consistent returns month over month.
  6. I understand that draw downs are part of the process and I am not afraid of them

Can you please answer the following questions for me:

  1. What is the minimum required investment to start trading (seed money)?
  2. Are there any additional costs required for trading tools?
  3. I was planning to finish your your Trend Trading book first (I am in chapter 5 now) before proceeding to buy the Flagship program. Do you recommend to finish the book first or to proceed directly into the training and why?

I thank you for your time to read my email and answer my questions.

I hope to hear back from you soon.

Henry

Good questions. Answers:

1. Capital.

2. You need price data to trade.

3. Finish the Trend Following book first.

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.

“Mike, just finished episode 999. No bullshit, but this is the best podcast on the planet. Absolutely fucking brilliant…”

Posted on by Michael Covel

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Mike, just finished episode 999. No bullshit, but this is the best podcast on the planet. Absolutely fucking brilliant.

That episode you mean?

That episode made me chuckle. But no, the entire series of podcasts. The range of topics, the no BS honesty, the incredible guests, the humor, the insights. Fucking world class.

Maybe I swear too much…

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.

“I don’t want to miss opportunity in the Bitcoin, NFT, and other type risky investments while I’m watching others make huge profits…”

Posted on by Michael Covel

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I’m using Charles Schwab, Robinhood and a few other things and mostly self directed. I’m now wanting to understand Crypto and the new NFT world.

You have a broker. You know what you want to trade. But you have no strategy yet?

I’m 57 years old. I’m a previous 15 year veteran actor and business owner both of which were financial struggles…..On a plan to pay off some debt over the next 4 years. I have two kids in college that I’m paying for. I have a $1000 in a Roth and $1000 in reg IRA. I have $1500 in a Farm-a-Field investment with Cattle (which is of great interest to me). I have a very small Robinhood account, a small brokerage account at Schwab and a small CoinBase account. I work for an ESOP co in the Truck Trailer Auction Business and have $100,000 ish in stock that I can’t touch and has a five year payout at retirement. My wife and I keep our assets separate for now (second marriages) we own our home and she has about $85,000 in retirement accounts. I’m at a point in my life where my main focus is getting debt free BUT I also can through a little money at investments for the future. I don’t want to miss opportunity in the Bitcoin, NFT, and other type risky investments while I’m watching others make huge profits. My interest area’s are Livestock, Agriculture, Ranching, Trucking, Auctions, Real Estate, Farming, Traveling, Boating, Photography, Investing and trying to find platforms I understand or at least have interest in it with my investments.

I live in Charlotte, NC

A great friend of mine turned me on to your stuff.

Thanks

Fred

A good starting spot. Dig in!

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.

Ep. 1036: Larry Kotlikoff Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Larry Kotlikoff
Larry Kotlikoff

Subscribe to Trend Following Radio on iTunes

Laurence Kotlikoff harnesses the power of economics and advanced computation to deliver a host of spellbinding, but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you’re making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like:

  • How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope).
  • How to buy a superior education on the cheap and graduate debt-free.
  • Why it’s smarter to cash out your IRA to pay off your mortgage.
  • Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket.

Money Magic’s most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning—the fruit of a century’s worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning.

Bio: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books.

In this episode of Trend Following Radio:

  • Student Loans in the United States
  • Credit Card Debt
  • Standard of Living
  • Divorce Planning
  • Financial Thinking

Mentions & Resources:

Listen to this episode:

Jump in!

“My biggest challenge is I have no idea what I am doing after 3 months…”

Posted on by Michael Covel

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Hi Michael,

Thank you for reading my mail. Came across your podcast, and thought this is where I can pick up again. To put it bluntly, my biggest challenge is I have no idea what I am doing after 3 months. I started trading 3 months back. As others have said it, beginner’s luck. I managed to make few hundred bucks daily, “following trend”. I thought trading was easy. I thought I saw pattern in CEI, buying long, and selling. There were some consistency in the way market moved in late Sep for a few days, until I found out that was just luck being kind. Tried to pick myself up from tips in the media. Switched between PROG, PHUN and then some more. Found myself trailing further. In short, I learnt I am practising bad trading. Probably did not set myself up proper at the start, and do not have a system in trading. Current plan is to save up, and hopefully, come back in a year or two, lessons learnt. Once again, thank you for your time, and I am grateful for the training video. I will make full use of it. Appreciated. Have a great holiday and may it bring you and your family loads of blessings, love, joy and warmth.

Best regards
Jerry

Thanks. Grab one of my books and dive in deep.

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.

Ep. 1035: Long and Short Systematic with Michael Covel on Trend Following Radio

Posted on by Michael Covel

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Long and Short Systematic with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

“I knew I should have at least cashed out half and continued to follow when my portfolio was up 75%…”

Posted on by Michael Covel

Feedback in:

I have not been able to pull the trigger to sell a portion or all of a stock to cash out since I thought it was a more long term hold stock. But in hindsight, I knew I should have at least cashed out half and continued to follow when my portfolio was up 75% or so. I am a relatively new investor. It is all now back down to my original investment level and looking back, I should have sold and reinvested in new opps.

JF

You need a system, not guessing. One of my books is a solid foundation.

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.