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“I am a long-time listener of your podcast and have read two of your books: The Complete Turtle Trader and Trend Following Mindset…”

Posted on by Michael Covel

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Mr. Covel, I am a long-time listener of your podcast and have read two of your books: ‘The Complete Turtle Trader’ and ‘Trend Following Mindset’. Both are 5-star, terrific books. ‘The Complete Turtle Trader’ being one of those books that I can look back on in my life and remember exactly what I was doing and what was going on in my life as I read it. And, more importantly can tell the difference in my life since reading it. A few minutes ago I finished your latest podcast ‘Amplify the fiction. Hide the truth.’ And I just feel compelled to write to you and thank you. To thank you for always amplifying the truth. Or for just amplifying how you truly think and feel. Maybe it’s not the “truth”? I think that it is because I think and feel mostly the same way. Maybe we’re wrong. Maybe we’re not. But where we are more right than wrong is in the how when we are proven wrong we are able to admit it and move on to what is right without much resistance. Anyway, in a world where there aren’t many of us left. At least many of us with an audience, I want to say again THANK YOU! And, if there is anyway I could be of assistance with any of your work I would love to work with/for you. As an unpaid intern or whatever. Just collecting data or doing any of the tedious, remedial crap you don’t enjoy doing but have to do. I know you probably don’t need any help with any of that but just offering if you ever do. I’m a trader. Have been trading for a little over four years now. I am from a small town in Kentucky so I don’t have a chance of finding anyone around here with any knowledge of the markets or this world at all. Anyway, thanks again for everything you do Mr. Covel!

Don’t stop. Keep on. My best advice! Thanks for the nice words.

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.

“My biggest challenge in trading has been the emotional psychology part of the business…”

Posted on by Michael Covel

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My biggest challenge in trading has been the emotional / psychology part of the business. I am currently re-writing my Trading Business Plan which neglected that part of the business now that I have 3 years of experience. I am focusing more on how I am responding to the markets and keeping my trading strategies simple with proper risk management. The constant underlying theme has been that I will become a consistently profitable trend following swing trader. I’m not giving up until I get this.

I like to read, so which of your books would you recommend for my trading style?

Thanks and I look forward to your response.

Steve

Not good news. None of my books are useful for a trend following swing trader. There is no such thing.

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. 979: Amplify the Fiction Hide the Truth with Michael Covel on Trend Following Radio

Posted on by Michael Covel

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Please enjoy my monologue Amplify the Fiction and Hide the Truth with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

“I think the biggest challenge I have faced is to understand that price move in waves. Its not about being right or wrong, its about managing risk…”

Posted on by Michael Covel

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I began with day trading in a chat room (BearBullTraders). I think the biggest challenge I have faced is to understand that price move in waves. Its not about being right or wrong, its about managing risk. And after reading your book that I just finished today at work, its obvious that I was buying falling stocks and shorting strong ones. basically trading counter Trend 100% of the time.

Lately, (2 months) I switched to swing trading and I was developing my own strategy based around the Daily200SMA trying to catch the biggest chunk of the trend, back testing (looking at charts only without soft wares etc.)

Took me about 2/3rd of the book to understand that every story, quotes, or stats, or anything in the book is just to make us understand only one thing, we need to follow the trend. So I guess you received a lot of message saying there was not enough “Strategy” or indicator things in the book.

I really love the part about the 10x100sma which was basically what I was doing but with the 200sma AND I really discovered the Donchian Channels. I love that concept since it is based on actual price and not an average.

Vincent

Stay on the trend following path!

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.

“My biggest challenge is knowing when to get in and out of a stock…”

Posted on by Michael Covel

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Hi Michael,

My biggest challenge is knowing when to get in and out of a stock. I have lost a lot of money by getting out too soon or waiting to long to leave.

Sarah

I see it more than timing. A lot more. You need:

  • Exact rules for selecting your tracking portfolio.
  • Exact rules for entering your trades at the right time.
  • Exact rules for exiting your trades with a loss.
  • Exact rules for exiting your trades with a profit.
  • Exact rules for how much money to bet on each trade.

See my FAQS.

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.

“My ability to enter and exit stocks in pure equity delivery positions have been good…”

Posted on by Michael Covel

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To give a background, I am not full time trader but I would like to be, I work as Group Product Manager for Cisco and doing well. I do have the courage to become fully independent and I love stock market and even though I made losses with F&O positions my confidence didn’t go down.

What I like to say, my ability to enter and exit stocks in pure equity delivery positions have been good. To put thing in perspective I spent 30 mins a day in trading, with a capital of say $10k-$12k I have made $1k a week. Where I have failed is my over indulgence to over trade and this is where I ended up taking F&O positions and end up booking losses.

Two things still I like to highlight I lack are:

  1. I suck at F&O
  2. I lack the ability to hold investments for longer duration (5+ years I have not held any stock more than 5 years because of trading mindset and not investment mindset)

Thank you for listening.

Regards,
Suman

I don’t detect a concrete system here. Too subjective. Read up.

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. 978: Luke Burgis Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Luke Burgis
Luke Burgis

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My guest today is Luke Burgis, the director of programs at the Ciocca Center for Principled Entrepreneurship at the Catholic University of America, where he also teaches business and develops new education initiatives.

The topic is his book Wanting: The Power of Mimetic Desire in Everyday Life.

In this episode of Trend Following Radio we discuss:

  • Definition of Mimetic Desire
  • Concept of Mimetic Desire
  • What is Mimesis
  • Mimetic Behavior
  • Zero to One Book
  • The Power of Mimetic Desire
  • Understanding What We Really Want
  • Everyone Has A Purpose
  • Creating a Value

Mentions & Resources:

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