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“Never risking more than two percent of my account per trade however my starting capital is…”

Feedback in:

Good morning Michael,

It’s nice to e-meet you.

My biggest struggle would be identifying a trend for futures trading and what a good starting capital amount for futures trading is in today’s market (I have my risk management locked down pretty well never risking more than 2% of my account per trade however my starting capital is only $2,500 and I’m thinking this may be low due to the tightness of my stops).

My current strategy uses a 100 candle price channel on an hourly chart for futures trading (Breaks the 100 handle candle high I enter and vice versa – Mainly trading the MES only with a 2% stop). Every 20 point move in the MES has a trailing stop that adjusts by 10 points to lock in profits.

I have read your books, TurtleTrader and Trend Following, which were very helpful.

Any advice or direction on this would be very helpful! (I’m always looking for ways to improve and I really like your insights)

Shawn F.

I would save more money and stop all of your current strategy. It’s a dead end.


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“My biggest challenge in trading is not having a good trend trading system…”

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Hello Michael,

My biggest challenge in trading is not having a good trend trading system.

I recently listened to your book, “The Little Book of Trading” on Audible.com. I’m now on your second book, “The Complete TurtleTrader”. I plan to read/listen to all of your books and I’m excited about it.

I’m 58 years old, married, work full time, and would eventually like to transition to a full time trend trader.

I appreciate all that you do.

Respectfully,
Joe T.

A good start is 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
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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.

Ep. 1308: Energize Yourself with Michael Covel on Trend Following Radio

Episode 1308
Episode 1308

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Energize Yourself with Michael Covel on Trend Following Radio.

Listen to this episode:

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

“All I want to do is learn how the stock market can work for me…”

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My biggest challenge in trading is not knowing what to do and where to start. I’ve been wanting to trade for more than 22 years, and when I ask people to show me how to do it. They would give me misguiding information, or just say it takes a lot of money to start trading, and or say you have study to and be good at finance in order to understand. And all I want to do is learn how the stock market can work for me, that’s all.

Eddie M.

Start 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
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Trading Technology
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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.

“I’m emailing for the video and trend following steps you mentioned in one of your…”

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Hi Michael,

Recently started with your podcast. Thanks! I love it and have shared with a few friends.

I’m emailing for the video and trend following steps you mentioned in one of your podcasts.

Thanks,
Joe L.

Check your in box!


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:

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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.

“What strategy do you think is suitable for trading this trend stage…”

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Hi Michael,

I hope this email finds you well. I happen to have lay my hands on a Breven Howard’s Capital reports on trend structure.

The trend structure are categorized into five stages namely; anchoring (early trend), hindsight (trend consolidation), herding (trend continuation), overconfidence (terminal trend), overreaction (trend reversal).

One stage that has happened to caught my attention is the hindsight (trend consolidation) and this refers to a period whereby the trend channels within a support and resistance levels before a breakout to the herding (trend continuation) stages.

What strategy do you think is suitable for trading this trend stage and the tools and indicators required for identifying this stage of the trend structure, especially as an intraday trader?

I look forward to hearing from you. Thank you.

Best regards,
Aliu K.

None of your premises or desires are connected to what I do which is trend following.

Your perspective is not trend following. Day trading is not trend following.

Hope that helps!


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.

“If I don’t subscribe to the course now but read parts of The Complete Turtle Trader…”

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Hi Michael,

Thanks very much for your email!

I am studying for CMT Level 3, so I am pretty tied up and can’t do another course on top of what I am already doing. But my CMT curriculum on systems mentions Turtle Trader/Donchian material.

If I don’t subscribe to the course now but read parts of The Complete Turtle Trader, is it safe to say that these two things, Complete TurtleTrader and CMT curriculum on system testing, may get me in the ballpark– for now– of what the course covers?

Thank you so much!

I am really looking forward to checking out The Complete TurtleTrader!

James T.

I have many learning options. Books to podcast to courses. Courses are intensive with my support.


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.