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Feedback in:

Hanging onto winners [is my problem]! I see profits and get too excited and take them early. Your book is helping my mindset to let the winners run and more importantly why. I will get better!

Thank you!
Beau

What is your system and time frame?

I aim to keep it as simple as possible. I focus on companies growing revenues 15+% per year. I initiate a position when the 20 day simple moving average crosses above the 50 day simple moving average. Then I double the position once the 50 day SMA crosses above the 200 day SMA (if it has been below 200 SMA). I like to continue to pyramid into the big winners (e.g. 100-100-50-25-10-5 shares or something like that). I am going to get better at letting winners run out long term though! I have in the past picked the juicy looking fruit too soon. (I’m determined to improve at this, your book is helping my mindset a ton! I cannot thank you enough.) I risk 0.5% to 1% of my total account per trade and I use a 10% stop loss. Some trades I will use a 15% stop loss depending on how volatile it is. I take profits if the price drops 10% or 15% off the peak price of the trend. Being born and raised in Texas, I can’t help myself from buying oil and gas stocks after it has been in the dumps and starts an up trend (same method as above). I have also traded with GSG (commodity etf). Time frame holding depends on what happens with the price. I’ve never shorted anything, but am becoming interested in that from studying your materials. It just makes too much sense to follow the price action up or down instead of trying to guess at valuations. I previously studied lots of value investing stuff and found it just didn’t sit with me well when actually participating in the markets. I felt lost with no real plan. However, having a system based on actual prices like mentioned above makes it much more robotic and I really like that.

Sorry got a little long winded!
Beau

Start here!

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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.

Feedback in:

Hi Michael,

I have two trading account for which I am looking at a strategy of consistently growing the account @ 30-50% per year for the next 10 years. For which I am looking at a simple straightforward strategy with rules which I can implement on a weekly or preferably on a monthly basis.

Thanks for reading this.

Regards
Ramesh

Trend following is the path.

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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:

First of all, thank you again for your mini course. There is also very valuable and useful information in your book. The biggest contribution of both the book and the course to me; it helped me understand the fact that real success is in trend following, that trend forecasting is pointless. I want to give an example. I recently bought Brent Oil and Crude Oil transactions. The mode of trade was long position. First of all, I determined my stop loss point and then I entered the trade by determining my take profit point. As I predicted, prices rose and by touching the take profit point, the transactions were closed with profit. But since I did not follow the trend, I could have made much more profit, but my transactions were closed with a small profit. Normally people are happy to get profit in this situation. However, it is your mini-course, and when I looked at the information I got from your book, I actually found out that these procedures were harmful. For this reason, I have seen once again how important trend tracking is for real profit. Then I made a small change in my current system. The change I made was that the main target should be big trends even if there are small losses. Currently, I continue to trade through this system. For this reason, I would like to express my gratitude for the added value you provide.

As you predicted…

Stop trying to predict.

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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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Please enjoy my monologue Keep Making Decisions with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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Feedback in:

The biggest challenge I faced is to find the authentic source to connect to and find a structured way to start approaching trading. Too much and too random and some great knowledge is out there but to filter out of all of it and find the basic real hard truths were tough.

Read.

Absolutely grateful for the journey you went through and the knowledge you have shared on your website, I have also purchased and read your book, Trend Following. The more I read about trend following, the more I realise each day that it is about ‘a way of living’. I have found my mentors in Malkansview Training Insititute, Mumbai, India and they are teaching me trend following and in their course their main focus is to teach trend following system and mindset coaching and they also have your book as the reading recommendation. I just want to express my deep gratitude towards you and the work you have done to make it so easy and organised for anyone who has a deep desire to make it in markets. Thank you.

What are you learning exactly?

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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:

My biggest challenge so far, especially as a beginner, has been finding a strategy that fits my personality, because I want to be more focused on the long-term.

I don’t know of any scientific way to determine what personalities fit what trading strategies.

Trend following–what I can help you with–is for everyone.

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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:

I’ve tested a bunch of strategies but, currently trying to use standard deviation and volume on the one minute time frame. That seems to be working at the moment. Prior, I had entries on the 5 min time frame which made me miss the beginning of the trade and then sometimes it would consolidate or reverse completely.

Walk away from that and buy me dinner as a thank you later.

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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.