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“Here’s my challenge…”

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Hello Michael, Here’s my challenge…After following an entered trend and compounding it (I’m only trading long un-leveraged stock or if short, using “pre-loaded” proshare-ETF positions (eg short/long gold, short/long 20yr treasuries (like TTT), et. al.) for now until confident about having good grasp of methodology) I use a custom indicator I adapted from your spiral bound course-book from around year 2000, but I seem to be exiting just past the point of maximum profit and yesterday things moved very fast against those positions. During previous episodes of trend turnaround, I tried waiting through the next cycle as if all were “cup-handle” formations so lowered my stops for the first “round” raising them in the second. Sometimes it worked nicely but net losing strategy, losses after leaving profitable positions too late. What have I missed. The consistency and similarity of this phenomenon suggests that I am at least misinterpreting one aspect (or more perhaps) of either rules for compounding ATR units when trend is good and/or pulling the trigger too late. Thanks in advance.

Not one time in 20 years have I advised on cycles or cup-handle formations. You need a workable trend following system first. You don’t have that.


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“After reading several of your books and listening to your podcast I am a believer in Trend Following…”

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The mechanics of the system appear to be very straightforward and the math is reasonable. That being said with the thousands of different marketable securities available trying to “chart” each one looking for movement needed for a buy signal will be very time consuming if I hand chart each day. Is there a computer program you are aware of, where I can set the parameters I desire and the program will identify those securities meeting my buy signal rules, and also identify securities in my holding that I must sell according to my rules. I appreciate your help. Stan S.

Two issues:

1. You need a system first. A system that governs how you select markets to trade. You are not tracking all markets.

2. On software.


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 have struggled to find the right type of contract or financial instrument (unsure of what it’s called)…”

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Hi! My name is Jonathan and I’m from Sweden. I have read your book about the turtles and have started to read your book Trend Following. I love reading your books and started listening more to your podcast. I have struggled to find the right type of contract or financial instrument (unsure of what it’s called). I haven’t yet found any pure futures to trade and wonder if there is an alternative to apply the trend following to such as warrants, options etc.? I have tried CFD’s but found them not fitting for trend following. Hope you can understand my question. Thanks in advance!

Good question. Go here and here.


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. 1028: Brian VanDeMark Interview with Michael Covel on Trend Following Radio

Brian VanDeMark
Brian VanDeMark

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My guest today is Brian VanDeMark. He teaches history at the United States Naval Academy in Annapolis, Maryland, where for more than twenty-five years he has educated midshipmen. He has also been a visiting fellow at Oxford University. VanDeMark was the research assistant on Clark Clifford’s bestselling autobiography Counsel to the President and the coauthor of Robert McNamara’s #1 bestseller In Retrospect.

The topic is Road to Disaster.

In this episode of Trend Following Radio we discuss:

  • Kennedy and Johnson
  • Game Theory
  • Decision-making

Mentions & Resources:

Listen to this episode:

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“My biggest challenge is not having the knowledge for trading…”

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Hi Michael, my biggest challenge is not having the knowledge for trading. I know how to trade stocks, buy and hold or some swing trades, but don’t know how to read and understand the candle stick charts. I also don’t know how to trade futures, and options and need to develop the confidence to improve my trading skills and understand how to trade futures and options and this would mean understanding how to read the charts, particularly the candlesticks so I can recognize potential opportunities and exit points. I just started reading your book on Turtle Trading and if you have any suggestions for additional books, please let me know. I’m also considering one of your courses, but have no idea which is best suited for me. I’ve been going through Adam Khoo’s free course just to get an understanding and hoping you’re free course will help me better understand the process and then I can go to the next level of taking another course and trying some paper trades. Thanks, Karim

Even more to consume here.


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 learned the hard way when I lost 90% of the funds in my account…”

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My biggest mistake is not taking control of my trading activity and treated it like a side hustle. I learned the hard way when I lost 90% of the funds in my account. I know a whole lot about trend following now though, as I’ve distilled literatures which cut across the trend following universe. I believe it’s the simplest and best way to go about trading. I just have a “yes or no” question for you concerning the strategy you use and recommend for your clients. Do you make use of pyramiding to capitalise on winning trades? Trend following has low win rate as we all know.

You think that’s all you need to know? By the way you ask the question it’s clear you need a complete risk management plan. Knowing whether trend followers pyramid or not is the one thing you are missing.

Start here.


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.

“My biggest challenge is my timing…”

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My biggest challenge is my timing. I am not a trader, but I realized during the heights of the pandemic that my money was just sitting in the bank and doing nothing at all and letting the banks use it for their gains. Hence I saw an opportunity on stocks when everything went down. A lot of opportunities slipped as my timings slipped. I should have jumped early on the stock and as well as I have opportunities to sell it at the peak and buy it again on lows. But I didn’t know when to do it. for now I have just bought and bought stocks and never sold them yet. But my mind is telling me why not venture into trading as well. And yes, here I am looking for answers to learn more about it.

You are all over the map. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.


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.