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“My biggest challenge is having the confidence to start and believe I can be successful at this…”

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Hello Michael,

My biggest challenge is having the confidence to start and believe I can be successful at this. I am in week 4 of an online stock and futures trading course and I’m a bit frustrated that I’m struggling to understand it all; ie Elliot Waves, Fib extensions/retracements, etc. I’m fairly accomplished in my current carrier and I feel the skill set is similar to what I have done in my current job. I think I just need to have patience and work through the frustration until it clicks. I just purchased the audio version of your book, The Complete Turtle Trader, and looking forward to listening to it as well as reviewing the TurtleTrader website.

Regards,
Luis D

“Elliot Waves, Fib extensions/retracements”

Those three things will leave you broke. Like dead broke. Guaranteed.

An alternative is here.

“My biggest challenge so far is the tremendous amount of information/noise out there and trying to decipher what’s real or not…”

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Mr. Covel,

Morning! I’ve recently began my journey into the trading world by following Ian Dunlap. He recommended your book Trend Following as 1 of 4 recommended books to read. My biggest challenge so far is the tremendous amount of information/noise out there and trying to decipher what’s real or not. This has kept me from jumping in the past. I’m now older and feel ready to commit and have the discipline to learn and execute. I look forward to learning from you.

Thanks for your time.

Sincerely,
Jay

#trendfollowing is a path.

“It so clearly stated my approach to many things, especially the situation we find ourselves in now…”

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I have enjoyed your podcasts for quite some time. I’m an engineer and trader about to retire from the former and go full-time into the latter. I did run an investment advisory business for several years on the side but hung that up because my kids forgot what I looked like I was working so much. But, going back in as my focus soon…mainly as an equity analyst now. Anyway, your recent podcast that featured Ed Seykota was fantastic. It so clearly stated my approach to many things, especially the situation we find ourselves in now with the pandemic and recent political riots, that I shared it with my wife and kids. I have taken on the same tact that Ed has. hese events are part of a transition. Let’s adapt accordingly. It’s really a freeing philosophy and a very healthy attitude. Thanks for the excellent interviews you do on your podcasts. Here’s wishing you a great 2021…Let’s make money!

Dave

Yes, let’s make money!

Ep. 936: Diamond Dallas Page Interview with Michael Covel on Trend Following

Diamond Dallas Page
Diamond Dallas Page

Subscribe to Trend Following Radio on iTunes

I never know where my podcast will lead and today it leads to my first professional wrestler Diamond Dallas Page. Hall of Fame professional wrestler Diamond Dallas Page.

After decades of helping others make radical transformations in health and fitness, Diamond Dallas knows what is really holding people back from profound life change. He has watched countless people take ownership of their lives, physically, mentally, and emotionally—and he has witnessed, time and again, the precise instant when a real and massive shift occurs in a person’s attitude. He brings his understanding of what really moves people to change and own their lives in a very direct way. It begins when we discover what we really want, and then commit to follow the steps that will turn that goal into a reality. Regardless of where we are at in our lives, it’s possible to have a breakthrough.

Bio: Dallas Page, better known by his ring name Diamond Dallas Page (DDP), is an American semi-retired professional wrestler, fitness instructor, motivational speaker, and actor. In the course of his wrestling career, which spanned two decades, Page has wrestled for mainstream wrestling promotions World Championship Wrestling (WCW), the World Wrestling Federation (WWF, now WWE), Total Nonstop Action Wrestling (TNA), and All Elite Wrestling (AEW). He is in the WWE Hall of Fame.

In this episode of Trend Following Radio:

  • Life of a Professional Wrestler
  • Yoga Exercises
  • About Diamond Dallas Page
  • Work Ethic
  • Jake Roberts and Diamond Dallas Page
  • Professional Wrestling Deaths
  • DDPY Rebuild Program

Mentions & Resources:

“I am indeed very much interested to start building a proper platform…”

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Good evening Michael,

Thank you so much for your inspirational life and your work. As a derivatives trader in an Investment Bank and as ex-PM in a HF, I have listened to your podcast for years. You mentioned in your last podcast, about receiving at a discount price your advanced ’trend following’ work and advice. I am indeed very much interested to start building a proper platform to systematized and improve my alphas as I would like to go back to the HF world better equipped than I was before. Thank you very much. Have an amazing end of 2020 and a happy new year 2021.

Kind regards,

FX L

Thanks for the great feedback.

“My biggest challenge is finding someone that would teach me how to trade effectively…”

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Hi,

Let me start with a short story. 2 years ago, I decided that I was going to be a doctor. At that time my parents who are my biggest supporter told me that they will support me through my studies. At that time I just finished reading the book: “Rich dad poor dad”, which made me realize 2 things: my parents won’t be able to support me and my 4 brothers and I won’t be able to lead the life I want to; by just relying on my parents for that I need to find a way of making money, more money. This then leads me to google ways of making money. I found: real estate, investing, Amazon Fba and Online trading. I decided to go with Online trading, mostly because I am sort of an introvert and also it is something that depended mostly on me, at least I thought. Fast forward 2 years after I am still at the same level, except maybe for the fact that I now know that trading is actually not that easy. Mostly because so far I haven’t found a course or a youtube video that explains how it works, in real life. Right now, I am still an undergrad student in Peterborough, Canada, and I decided that it is time to start trading. To answer your question, my biggest challenge is finding someone or a website that would teach me how to trade effectively.

I hope it’s not too much.

Johan

Try here.

Try Schwager, Elder and Minervini books too.