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“The one mindset change: Looking at the trade not for necessarily the intrinsic value of the underlying but for how the trade will perform…”

Posted on by Michael Covel

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Michael, The one mindset change: Looking at the trade not for necessarily the intrinsic value of the underlying but for how the trade will perform. I have always had the mindset of only buying/trading something that is cheap; if I having been watching something and debating whether to get in and do nothing and later if it really moves up–emotionally I am just not interested. I need to change this to be a good trader.

Indeed. Trying to buy cheap can be trouble. My FAQs are a start.

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.

“My biggest challenge is setting my stop loss at the correct level…”

Posted on by Michael Covel

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Hi Michael, My biggest challenge is setting my stop loss at the correct level. Whether it be at the open of the trade or when trailing the price.

It’s more than that. 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.

Ep. 1020: Henry Gee Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Henry Gee
Henry Gee

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My guest today is Henry Gee, a senior editor at Nature and the author of several books, including Jacob’s Ladder, In Search of Deep Time, The Science of Middle-earth, and The Accidental Species. He has appeared on BBC television and radio and NPR’s All Things Considered, and has written for The Guardian, The Times, and BBC Science Focus. He lives in Cromer, Norfolk, England, with his family and numerous pets.

The topic is his book A (Very) Short History of Life on Earth: 4.6 Billion Years in 12 Pithy Chapters.

In this episode of Trend Following Radio we discuss:

  • What is Climate Change?
  • Population and Climate Change
  • How Much Time Does Humanity Have
  • T-Rex
  • Mammal Fossils
  • Homo Floresiensis
  • Dinosaur Extinction
  • Artificial Intelligence

Mentions & Resources:

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“I would say discipline has been my biggest challenge and remains my biggest hurdle to this day…..in other words, myself…”

Posted on by Michael Covel

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Michael, The first book I ever read on stocks was William J O’neil’s, “How to Make Money in stocks”. In his book he said that most people don’t achieve success in the markets for at least three years. Why? Because they break all the rules. Back then I was like, “No, not me, I want to make money…..” What foolish sentiment, to think I’d be any different from any one else, especially since I was the guy sitting in a six by nine for breaking all the rules. Years later when I started trading, not only did I break the rules for a time, I straight up abandoned them. After I blew up my account the first time I decided to take a break, I started a successful business with my wife. Once I had the management in place to focus again on what I realize is my passion (Nothing else has ever had me up at 3:45 am with a smile on my face) I began to look at my trading accounts again. Same hopes, same dreams, same mistakes. Until I read “Trading In The Zone” literally a month ago. Since then I have doubled my account. Still, at this phase in my trading career, I would say discipline has been my biggest challenge and remains my biggest hurdle to this day…..in other words, myself. Best Regards, Rob

More on the myself issue 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.

“The biggest challenge I have is handling the negativity from others on using technical analysis…”

Posted on by Michael Covel

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The biggest challenge I have is handling the negativity from others on using technical analysis. The common opinion seems to be that it is useless. Do you have a good approach to convince people that it is a useful tool for successful investing.

What do you mean exactly by technical analysis? Who are you trying to convince and why? My book Trend Following will solve your issues.

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. 1019: Extra Turtles with Michael Covel on Trend Following Radio

Posted on by Michael Covel

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Please enjoy my monologue Extra Turtles 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.

“Thanks Michael, my biggest challenge is letting my profit run…”

Posted on by Michael Covel

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Thanks Michael, my biggest challenge is letting my profit run!

What is your exact system and time frame?

I have been fundamental trader for the last 20 years and then put too much into one short term BOND trade last year and lost a lot… Now i am employing my tech analysis (waves, fibbo, bolli blah blah blah) experience with long term MA’s to spread my risk across many markets to slowly get a return. My trades last 2 to 10 days using tech analysis and tight stops. Looking more closely at trend following now to tighten and manage my stops and in particular let my profits run! Which is where I came across you.

Stop all of that.

Start here and here and here and here and 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.