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“My biggest challenge was getting over the mindset that trend following will work for me…”

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Hi Michael, G’Day from Down Under. Hope your day is going well. Thanks for the opportunity to send an email to you. My biggest challenge was getting over the mindset that trend following will work for me. Could I really be successful? Could I really do better than 8 years of fundamental analysis that has returned c. 13% PA trading stocks on the ASX? My former accountant, looked at my returns and proudly said, “You can’t beat the market”. This lit a fire in my belly. I know the answer is yes you can. Being based in Australia, I trade the ASX, because it is what I know (currently). My trend following training here includes Brent Penfold and Nick Radge, both of whom referred to your learnings and experience. I currently trade two trend following strategies, a monthly and a weekly, on the ASX. I am testing another. All of these are long only strategies. If the market is not trending up, then I am not interested in being in it, (I don’t have the capacity to go short anyhow). So, why am I interested in your book and services, Trend Following? To learn new approaches. To add another strategy to my portfolio of approaches. I saw with interest one of your podcast episodes was with Prof Anders Ericsson. I know of his work and have applied those concepts to other areas of my life. I am looking forward to applying the same mindset of improvement with deliberate practice to my trading in my trend following strategies. I’m grateful in this technology era to be able to tap into the wisdom/experience of those that would otherwise be out of reach. Thanks for taking some time to get to the end of my email. Much appreciated, Sean M.

Best of luck!


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 finding the right combination of markets and time frames I have the margin to trade…”

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Looking back, the biggest challenge I faced was letting go of trying to build perfect systems. It took awhile to understand that the goal was to build good systems that generalize well and then apply them across many markets. Reading that concept wasn’t enough. I had to witness it. I coded up a version of the turtle rules in metatrader a ways back and then threw it away. Then, one day years later, I found it in an email attachment and ran a backtest. The lesson was in the profits I never allowed myself to realize. Looking forward, My biggest challenge is finding the right combination of markets and time frames I have the margin to trade.

More 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.

Ep. 1012: Talya Miron-Shatz Interview with Michael Covel on Trend Following Radio

Talya Miron-Shatz
Talya Miron-Shatz

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My guest today is Talya Miron-Shatz, PhD., a leader in research at the intersection of medicine and behavioral economics. She is professor and founding Director of the Center for Medical Decision Making at Ono Academic College in Israel, senior fellow at the Center for Medicine in the Public Interest in New York, and a visiting researcher at the Winton Centre for Risk and Evidence Communication at the University of Cambridge.

The topic is her book Your Life Depends on It: What You Can Do to Make Better Choices About Your Health.

In this episode of Trend Following Radio we discuss:

  • Vaccination and Public Trust
  • COVID-19 Vaccination
  • Wearing Masks Against COVID-19
  • Delta Variant
  • Treatment for Obesity
  • Israel’s COVID-19 Vaccination
  • Coronavirus Disease Statistics
  • Risk Factors for COVID-19
  • HIV and COVID-19
  • Medical Decision Making

Mentions & Resources:

Listen to this episode:

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“But I’ve never found a satisfactory alternative…perhaps trend following can do that?…”

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I don’t do ‘investing’, I never have…it makes no sense to me. I have no intention of putting my money to work based on someone else’s opinion. But I’ve never found a satisfactory alternative…perhaps trend following can do that?

Read here and 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.

“I feel a little late to the game but I am a believer…”

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I feel a little late to the game but I am a believer in that we are all lead to water, the timing of which we tend to drink it, is when we get the fill we need.

I purchased your book about 3 years ago and just now that I am 40 years old and have a baby that I am really studying this theory of Trend Following.

I am just an ordinary individual, but I have a passion for numbers. I graduated from a small college with a BA in Finance and am familiar with trading, but it is now that I truly want to dive into this and better myself and make educated decisions trading for my family to have a better life.

I hope you do read this email. One day maybe I will be an example in one of your books.

Just keep going. Anyone can do it. The story of the TurtleTraders.


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. 1011: The Turtle Filter with Michael Covel on Trend Following Radio

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Please enjoy my monologue The Turtle Filter with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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

“Any and all advice or resources you can point me to would be greatly appreciated…”

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I am a banker based in NYC. I have been meaning to reach out to thank you for the info in Trend Following. I purchased the book and having finished it have been able to apply some good nuggets from it. I have been looking for ways to beef up my PA without too much labor and many of your insights helped. I basically trade indexes and individual stocks with futures and options. I like FX but hate rates, don’t want to bring sand to the beach and TED spreads just don’t do it for me. The best thing about your book is that stylistically it suits my personality. I love leverage, love big wins, agnostic to tiny losses, overall pretty agnostic even to big draw downs (a lot of disposable income helps). Love pairs, long vol / long gamma setups to catch trends. More importantly, I hate mean reversion, net selling of premium, (only really do it to offset theta or collapsing vol). I have been able to configure my positions around your principals. I am also not a big chart guy so few parameters for entries and exits help greatly. So far, things are going great! At some point I would like to transition to trading my PA full time though I am quite a ways out but would like to learn how to put together a roadmap. Any and all advice or resources you can point me to would be greatly appreciated.John

A good place to jump 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.