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“I realized that my system was almost identical to Donchian…”

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Mike, Listening to a recent podcast of yours, reminding us of timeless. It made me chuckle. I have been listening to your podcasts for years. I’m not a spring chicken and came across your books many years ago. I spent hours and hours making my own system. I collected the data and back tested as best I could using excel. I traded it live for a while, when one day I accidentally overlapped my system with a Donchian channel on the same screen. It was then I realized that my system was almost identical to Donchian. I then realized that TF is timeless. I also realized that all my work had been done already. It was then I decided to close my system down and find the traders that I wanted to use. I had an idea who I would like, but figured I would research it before jumping in. Your book on Tom Basso cemented who I would be putting most of my funds with. I enjoy all the work that you do. Hell I am not sure why I started this ramble, other than to say thanks. So thanks!

Chris C.

Thanks!


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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.

“It is right in my face, I just don’t believe it is that obvious…”

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Mike, In short, I was reviewing charts to get an idea of when trends were ending and beginning. I just keep listening to your book looking for the “GEM”. I think it is right in my face, I just don’t believe it is that obvious. What I have come up with is “Enter when the trend begins, exit when the trend ends”. My challenge now is identifying the trend which I heard in your book is hard to do until you are in it. Nevertheless, this is actually perfect timing as I don’t think day trading is sustainable in my current role at my job. Besides, day trading options has just been one big roller coaster ride down. I think I want to setup an automated system to trade futures, but I need to better define the parameters. Below is my plan for doing this:

Done:

  • Identify beginning and end of trend
  • Shrimp curling pattern up or down
  • Increase in volume
  • Trendline break

To do:

  • Create some type of alert system to inform you of equities or futures that are beginning or ending a trend
  • 10 ema X 30 ema crossover (up or down on the daily)
  • Monthly trendline break with a close
  • Daily candle break below the 50 ema
  • Bearish engulfing, bullish engulfing, hammer or shooting star with volume on the weekly chart
  • Review seykota.com page for possible insights

Needs further clarification:

  • Automated trading
  • How to code for entries and exits
  • How to back test strategy
  • How to automate trades in various markets
  • Small losses are emphasized on, but how do you distinguish a small loss from a drawdown

J. S.

Stop all of this. It’s not trend following. It’s the kitchen sink.


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. 1114: Seth Goldenberg Interview with Michael Covel on Trend Following Radio

Seth Goldenberg
Seth Goldenberg

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My guest today is Seth Goldenberg, a designer, curator, and entrepreneur who harnesses the power of questioning to catalyze innovation and cultural change. He is the founder and CEO of Curiosity & Co., a one-of-a-kind bookstore, experience laboratory, and design-ventures studio, and the creator of the Ideas Salons, invitational thought-leader retreats that tackle the essential questions of our time. Goldenberg has led high-profile projects with clients such as Apple, American Express, the Oprah Winfrey Network, and the governor of Rhode Island.

The topic is his book Radical Curiosity: Questioning Commonly Held Beliefs to Imagine Flourishing Futures.

In this episode of Trend Following Radio we discuss:

  • Importance of a curious mindset
  • The philosophy of our economy
  • Cultural interregnum
  • Gene Wilder’s portrayal of Willy Wonka
  • Economic inequality
  • Current sustainability issues

Mentions & Resources:

Listen to this episode:

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“Something I’ve been wondering about that I haven’t yet seen in your books…”

Feedback in:

Hey Michael, thanks for all your insights. I’ve been listening to your podcast for a long time and I’ve purchased your books. Something I’ve been wondering about that I haven’t yet seen in your books (I’m still reading your books, Trend Following, and Trend Commandments, so there’s a good chance it’s in there and I’ll find it), is these top traders, trading client money or perhaps only trading their own money now, like Tom Basso: How much total exposure do they have in their holdings at any one time? Lets say they will risk 2% per trade on any one position. Have you seen that they will typically deploy all their capital / the entire fund into however many markets they’re trading for that program, and have 100% exposure? So at 2% risk per trade that would be about 50 markets they are trading at once in order to deploy the entire account. Is that how they typically do it? Or do they leave some cash or structure their portfolio another way?

Jay A.

You need a unit strategy for money management. There are max unit rules. One unit for 50 markets? That’s not the strategy. Two places to start: 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.

“Find accurate ways to predict the trend is my biggest challenge…”

Feedback in:

Hello, finding accurate ways to predict the trend is my biggest challenge.

That’s impossible. I don’t know anyone who does that. How can you?


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. 1113: The Philosophy with Michael Covel on Trend Following Radio

Episode 1113
Episode 1113

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Please enjoy my monologue The Philosophy with Michael Covel on Trend Following Radio.

Listen to this episode:

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

“Just listened to the Mark Rzepczynski episode…”

Feedback in:

Hello Michael, Love the podcast. Just listened to the Mark Rzepczynski conversation. Could you please share your materials? Very interested in trend following. Much appreciated.

Michael B.

Was Mark your first episode? Why do you like the podcast?

Definitely not the first. I listen sporadically but had a long flight to France and binged in both directions. I am not good with names early in the AM, but my favorite was the guy from Dunkin’ Donuts. He is a humble pragmatic business leader. Of course all of the guests with an investment slant particularly the Turtles. Also liked the psychologist/author that you had some disagreement with. Oh, and your rants/monologues are also great.

Thanks for the feedback!


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.

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