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Please enjoy my monologue A TurtleTrader Addendum for 1000 with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
Want to learn more Trend Following? Watch my video here.
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Hi Michael, My biggest trading challenge that I find is patience! I often enter a trade and for weeks it bounces around in profit then out of profit then it goes against me to the point where my stop looks like it will be hit, so I exit the trade to take a slightly smaller loss. Then when doing scans and research into next opportunities, I revisit the stock or commodity months or years down the track to find that if I had only held for longer, my original trade would have been in huge profit! I’ve lost count how many times this has happened. I need help fixing this issue. Also I’m struggling to find a good commodities/share broker in one place that I can trade here in Australia. Would you please be able to recommend one to me. I am also struggling to find a trading mentor. I realise that a mentor is busy and that I shouldn’t get something for nothing, but I find it extremely hard to justify paying $10,000 give or take for a course or mentor when I’m trying to use that money to trade with. I have made this mistake several times in the past and have ended up minus the $10k and not very good results to show for my money spent, especially when it takes so long to save in the first place. I find it comforting to write this to you and getting it off my chest, knowing you will read it and hopefully point me in the right direction. I have loved reading your trend trading books.
Thanks for the candid feedback, but don’t my books describe the opposite of what you are doing? Time to reboot.
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.
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Hi Michael, I’m very new. I’m high IQ and high ADD, so my mind jumps all over the place, constantly. So it’s hard to find a good starting point and to stick with it long enough to see it through to the end. I’ve been devoted to trading in cryptocurrencies since February and I still don’t feel like I… well, I know I don’t have a solid enough grasp of a trading system to do well; story of my life. I’m reading your The Complete TurtleTrader, I’m really going to put a concerted effort into getting through it all. I’m excited to read that Richard developed his style from his love of psychology, because that’s my favorite subject. I’m often thinking about what’s going on in the minds of the people (and bots programmed to serve the commands of people) who are moving the candles on the chart… it’s quite challenging to keep in mind, the different personality types, motives, etc. I know I can get a handle on this, I’m just trying to be patient with myself, even as the market moves without me in it, for the moment.
Candles and personalities? Why is that important for 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.
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.
Feedback in:
There could be no other 1000th guest but Jerry Parker! Great interview as always Michael. Keep it up!
Thanks.
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 Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. Jerry brings a pragmatic directness to the show today that will benefit your portfolio, but only if you listen closely and apply his wisdom.
The topic is Trend Following.
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You’re getting there, Michael, podcast milestone #1,000 (well, most likely already recorded). Don’t reveal…. I’ll wait, remaining curious as to who you’ve assigned the honour of being guest for that one. “Will he go back to where the journey all started and interview a TF heavyweight, a north star guiding light?” or something like that?! It feels as if it were yesterday, a skype call with you (it was 7am in Taipei, Taiwan for me) in Dec 2012. Our first verbal conversation even though we’ve connected since late 1998 or so days (when I was in native IRE terra, then UK, then HK, then AU). You mentioned 2013 would be a seachange for you… thinking of launching a podcast and moving to Asia for ‘a few months’. I laughed telling you that wouldn’t be a short visit – far from it – and that this was to be a great move. You’ve come a long way – ever adapting, evolving, honing your work and how it’s presented. A hell of a proud digital asset you have there. Respect and keep on going strong.
Thanks for the kind words Gary.
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
Please enjoy my monologue No Lies Just Bullshit with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
Want to learn more Trend Following? Watch my video here.