“I am now more convinced than ever that this is the direction I want to pursue…”

Feedback in:

Michael, I hope you are having a pleasant and productive week.

My name is Kenneth, I am 64 years young and have had to deal with major life and health set back over the last 6 years. It is now time to get out of the valley and put all this behind me and climb a new mountain!!

I am basically having to start all over from scratch, being 64 years old of I am of the generation that I might have to say I am a little behind and handicapped from a technology standpoint but I have always dreamed of and wanted to trade but never had the time to learn and I was not in a position to train. I just recently ordered a couple of your books and read them and I am now more convinced than ever that this is the direction I want to pursue. I have researched a lot of the trading systems in the market and I am also convinced that trend following is the right trading style and system and it is also the right fit for my personality.

Michael, I am reaching out to you to ask for your advice on what steps you recommend I should take and what are the best-recommended route without detours and roadblocks to help ensure my success from your current vantage point and past experiences and expertise.

Michael, I am not looking for a cookie-cutter online investment program for several thousand dollars as I get solicitations for 3 to 5 of these types of programs a week. I am simply looking for real advice and direction from someone who has previously succeeded and can mentor someone.

I want to thank you for your time and advice in advance it is very very appreciated.

Kindest regards

You appear to be on a nice path. More here: 1, 2, 3, 4, 5, 6.

Dive in!

“My biggest challenge as a new trend trader is scanning for the right stocks and to identify the right entry point…”

Feedback in:

Greetings Michael:

I am an engineer and business owner, however I am brand spanking new to trading. I always felt that it was beyond me as I was not financial strong in terms of accounting and understanding of the trading market space. I recently had a great opportunity for me to deep dive into something new like stock trading and after 4 books, 2 online courses and 6 months of experimenting in trading with real cash and simulated accounts, I am definitely ready to commit to learning how to trader correctly.

My biggest challenge as a new trend trader is scanning for the right stocks and to identify the right entry point.



It’s deeper than you think. Read about the 5 questions central to trend following here.

“My greatest challenge is that I am not fully committed…”

Feedback in:

Hello Michael,

My greatest challenge is that I am not fully committed. I take on too much risk and fail to close out losers. I’m always searching/learning but never settling on an approach. I guess these are many challenges I face.

I am 40 years old and feel that I am behind in my retirement and savings. I only have about 55k in savings and 40k in retirement but have desires to provide a comfortable life for my wife and children in my later years. I believe this weight/feeling of being behind where I should lead me to take on too much risk. I have read Trend Following a couple of times and find hope in your research; specifically Donchian and the success he was able to have later in life.

Thanks for your help!
Jeff Nielson

You are on the right path. Dig in.

Ep. 880: Manish Tangri Interview with Michael Covel on Trend Following Radio

Manish Tangri
Manish Tangri

Subscribe to Trend Following Radio on iTunes

This is another one of those great conversations that makes me realize how much trend following is woven into society — even if it’s not called that.

The Three Box Solution mindset/plan is the outcome of 35 years of research, teaching, writing, and consulting. It is well-understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. How do you meet the performance requirements of the current business—one that is still thriving—while dramatically reinventing it? How do you foresee a change in your current model before a crisis forces you to abandon it?

The three boxes:

Box 1: The present—Strengthen the core
Box 2: The past— Let go of the practices that fuel the core business but fail the new one
Box 3: The future—Invent a new business model

The “three box” framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring the different sets of behaviors and activities, across all levels of the organization. Supported with rich company examples—such as GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata—and testimonies of leaders who have successfully used this framework to lead innovation, this book solves once and for all the practical dilemma of how to align an organization on the critical but competing demands of innovation.

Bio: Manish Tangri has spent more than fifteen years executing entrepreneurial innovation activities in Fortune 500 organizations. At Intel Capital, Tangri executes strategic transactions–including mergers and acquisitions, equity investments, and partnerships–worldwide.

In this episode of Trend Following Radio:

  • Education in India
  • Leadership
  • Three-Box Framework:
  • Box 1: Manage the Present
  • Box 2: Selectively Forgetting the Past
  • Box 3: Creating a New Business Model
  • Google/Youtube
  • Facebook Buying Instagram
  • Ideation and Incubation

Mentions & Resources:

“What fascinates me is the Opportunity Cost…”


Feedback in:

Thanks again for your great Episode 812 and your statements:

“What fascinates me is the Opportunity Cost. If you go down the path of taking in information, and taking in information that is just made up, not real and assuming it to be real… there’s an opportunity cost to that. All the time that you spend on stuff that is not real prevents you from getting ahead on what is real. So the trick in this day & age, if there is one, is the filter. If you want to learn, if you want to find clear thinking… how can you find clear thinking if you are adding into your mind purely ‘political’ correctness? For those of you out there who want to get ahead, this is welcome news. The competition is weak, the competition is lost, the competition is engaging in behaviors that keep them from engaging in behaviors that might actually help their life, that might allow them to get more money, freedom, happiness, etc.”