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“My biggest challenge is having a strategy to use…”

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Michael,

My biggest challenge is having a strategy to use. I have been watching CNBC, Benzinga videos and other trading news to figure out how to analyze markets to enter and when to exit. My returns have been minimal as I have been holding most of my positions waiting for them to go higher or come back to the green. I recently started reading your Trend Following book and like the idea of not having to deal with the news and fundamentals. Having a set of rules of what and when to enter and exit sounds great to me. I believe I also have the patience for this strategy as I don’t want to be a day trader. I just want to make money to make life more comfortable and support my family going forward.

Best regards,
Josh

Trend following is a great path. 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.

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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 probably one of your biggest fans in Lebanon and have been into trend following and mechanical trading ever since I started listening to your podcast…”

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Hello Michael,

Thank you so much for the great work you have been putting out there!

You are a real inspiration and a great motivator!

I’m probably one of your biggest fans in Lebanon and have been into trend following and mechanical trading ever since I started listening to your podcast.

I’m very much interested to have more info about your trading strategy and if it can be applied to crypto.

Much appreciated sir!

Salut

Trend following is for all markets. Crypto included. Read.


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. 980: Toby Ord Interview with Michael Covel on Trend Following Radio

Toby Ord
Toby Ord

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My guest today is Toby Ord, a philosopher at Oxford University, working on the big picture questions facing humanity. His current research is on risks that threaten human extinction or the permanent collapse of civilization, and on how to safeguard humanity through these dangers, which he considers to be among the most pressing and neglected issues we face. He has advised the World Health Organization, the World Bank, the World Economic Forum, the US National Intelligence Council, and the UK Prime Minister’s Office.

The topic is his book The Precipice: Existential Risk and the Future of Humanity.

In this episode of Trend Following Radio we discuss:

  • Existential Risk Definition
  • Nuclear War
  • Climate Change and Global Population
  • We Are In This Together
  • How Long Will The Earth Remain Habitable?
  • Modern Technology
  • Different Types of Risks
  • Existential Risk From Artificial Intelligence
  • Unaligned AI
  • The Future of Humanity

Mentions & Resources:

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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…”

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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.

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 in trading has been the emotional psychology part of the business…”

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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

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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…”

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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.