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Feedback in:

Hi,

My biggest challenge is to identify the right bottoms after a stock has retraced enough, I use Elliott Waves but would like to sharpen my skills on capturing the reversal points and target areas.

Thanks
Raj

Trend following doesn’t use:

1. Elliott wave
2. Bottom picking
3. Retracements

Why? Doesn’t work. 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.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
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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:

Hello Michael,

Reading from you is like a dream come true. I’ve heard so much about you in the past few months, so this is just too good to be true. I’m [name], a self-taught trader (I should say) from Tanzania, East Africa. The journey of learning how to trade since 2017, August, has been tough and interesting all together. I have learned all the common trading strategies you could think of, and yet…something is still missing. Yes, I have been successful a few times but I have never really felt satisfied, even with a well written trading plan. My biggest challenge as a trader has been finding a system that I could apply and LET MY TRADES RUN for the longest time possible enough for me to make the best out of the markets. Until I landed into trend following one day and listened to your short video where you begin by “I love that proverb.” I’m sure you can relate. So here I am, thinking about your book and how to get it. I really want it, but especially the discipline and in-depth trend following culture. Thank you so much for all that you are doing for millions of people around the world.

Kind regards,
[name]

Great. Start here and here and here and 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.

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.

Subscribe to Trend Following Radio on iTunes

My guest today is Vitaliy Katsenelson, a respected value investor, Vitaliy was dubbed “The New Benjamin Graham” by Forbes. He shares his often contrarian views on investing in Barron’s, Financial Times, Forbes, Christian Science Monitor and other premier financial publications. He has published “The Little Book of Sideways Markets” and “Active Value Investing.”

The topic is his book Tesla, Elon Musk and the EV Revolution: An in-depth analysis of what’s in store for the company, the man, and the industry by a value investor and newly-minted Tesla owner.

In this episode of Trend Following Radio we discuss:

• Auto Industry
• Jay Leno’s Garage
• Auto Stocks
• Tesla and Elon Musk
• Electric Car
• Artificial Intelligence

Mentions & Resources:

• Vitaliy Katsenelson
• Tesla, Elon Musk and the EV Revolution: An in-depth analysis of what’s in store for the company, the man, and the industry by a value investor and newly-minted Tesla owner
• Tesla
• Elon Musk
• Warren Buffet
• iPhone
• Google 
• teslaanalysis.com
• @vitaliyk

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hi there Michael,

My biggest challenge is entering the market too early on my thesis in too much size through fear of missing out and then reduce shortly after cutting position size in the wrong areas. ‘ve traded spread positions on the line for 28 years and I’ve become less patient because I’m scared of losing money more than I was. I’m overriding my systems because I’m scared of loosing money so i guess I’m struggling with managing entry-level position size

I see it more than a thesis or FOMO. 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.

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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:

Hello Michael,

I thought I should write to thank you for all the times you have mentioned The Fountainhead… I have just read it and it was excellent, one of the best books I have read. It took me a while as it is a book of many words.

When I set out to read the two books (there may be more) of Ayn Rand, I didn’t think they would be my thing as they seem to be linked to the far right, unfairly, in my opinion now. I find myself in agreement with her logic, although it is a little to utopian in Altas Shrugged but I still understand the point she is driving home.

I won’t ramble on but just say that I enjoy the podcasts and the book mentions. Next on my list is the Chris Voss book “Negotiate Like Your Life Depends on it”, it’s on my desk and I will make a start tonight. I also have the book “When Violence is the Answer” winging it’s way to me as well.

Neil

Thanks!

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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.

Subscribe to Trend Following Radio on iTunes

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

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

My mindset change is I need to learn this as best as I can, take action, lose small quickly, win large slowly, manage risk by managing portfolio equity, enjoy the ride.

I’m 65 yrs old and have a paltry $150,000 in my trading accounts. My goal is to turn that into one million within 3 years with trend trading.

Most of what I’ve read including your books and all the market wizards books makes me wish I would have started 40 years ago!!

Just bought and read Larry Hite’s great book.

What advice would you have specific to older people who need to earn and live off of trend following starting with a small float?

I believe that basic trend following philosophy and rules apply no matter you age.

I would love to know if there is anything specific to the Grey Hair crowd?

Thanks for your books, podcasts and inspiration!

Jerry

Thanks! My options how I help people: It’s my Flagship, books and podcast. I don’t know that age is an issue. We all die.

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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.