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Feedback in:

Hello Michael,

My name is A. and I’m 27 years old and living in The Netherlands. I’m managing my own personal investment portfolio of €75k ($88k), to which I add new money regularly.

My investing strategy consists of 2 parts:

1. I buy and hold a diversified portfolio of dividend growth stocks. I expect this to slightly outperform the S&P 500.
2. In addition to 1, I also (conservatively) sell put options on stocks I would like to own with a strike price I would be willing to pay. Because most of these options expire worthless, I generate some extra money in the form of premiums I receive.

I have finished reading ‘The Complete TurtleTrader‘ and loved it. It really makes me wonder what would happen if I implemented the exact turtle system, assuming I have the discipline and a fundamental understanding of the key principles (I’m confident I have both).

The biggest challenge I’m currently facing is how I can implement the turtle system in conjunction with my strategy listed above. I’m thinking about buying options with expiration of at least 6 months out (calls for upward breakouts and puts for downward breakouts). This would make it easy for me to get started, because I know how options work and the risk per trade is basically capped at the premium I pay. Love to hear your thoughts on this.

Thanks for reading this email!

Kind regards,

A.

Why do you want to combine these strategies?

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:

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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,

The biggest challenge I faced with my trading is sometimes wrongly differentiating between trending and ranging markets and whether to trade using trend following or swing trading tools.

Thanks
Arup

I don’t know how you do this. Who does this back and forth successfully?

And where are all these swing trading legends?

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:

Michael,

I have read a number of your books now and enjoyed them a great deal. I traded stocks and options in the past, and as I read your books I was surprised at how normal the mistakes I made were, and I understand now why I was so frustrated in an effort to prove myself right. What a revelation and sense of freedom to read about an approach that manages risk and probability, and does it so successful when applied with discipline!

I’m a full-time Army Officer and Apache Pilot. We discuss risk management in our field religiously, since it’s necessary for mission success and survival, even in training. I’m excited to learn more and apply time-tested concepts, not only for the potential for wealth generation but also for the disciplined application of a system.

I’m interested in your Flagship Course. Do you offer any additional discounts for the military? I certainly do not expect a discount, but if it’s something you offer I would certainly appreciate the remaining capital for trading!

Thanks!

Always a military discount. Yes!

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:

Michael,

I’m new to trading. Actually, I have never executed a trade, so my first sentence is an understatement.

I’ve read your books and enjoyed them. I’ve been listening to your podcast for ~18 months (including all of your podcasts on Trend Following Pros portion of your website). I’ve read 5-10 other books on trading recommended to me by smart friends of mine.

Here is a little bit of context/info for me. I’m a corporate and securities lawyer for tech startups (e.g., venture capital financings, M&A, contracts, general advice to founders/CEOs). I’ve been a lawyer for 25 years – with big huge Silicon Valley-based firms and for my own firm in Seattle for the last 14 years. I’m 53 and will retire in ~7 years from now. I work very hard and I don’t mind that – in fact, I (mostly) like it. I like being good at what I do and I have no problem putting in the work to get good at whatever I put my mind to. I read a lot. I consume a lot of podcasts. I crave learning and am very task-oriented. When I retire, it will be because I want to do something else but I need mental stimulation. I’ve been “investigating” trading for the last couple of years because I think it may be a way to keep me learning, keep me sharp, and maybe give me a chance to make some money in retirement. I am generally very disciplined but I do have the ability/capacity to make snap/rash decisions (I’m working on that).

I know that fundamental analysis is not for me. I’ve been looking into Japanese candlestick patterns to identify trend states and predict price movement (a friend of mine is a day-trader (FX)) and I’m pretty sure that is not for me. I want to learn more about trend following and am interested in purchasing your flagship product but thought I should try this free-bee first.

Sorry for the lengthy email above – I know you are a busy guy.

Regards.

Noel

Jump in here. And here, here, 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.

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:

Hi Michael:

Finding a consistent trading approach [is my challenge.] …to find a trading style that suits me and to stick to it.

Best Regards
Dalibor

What is consistency? How do you know if a style suits you?

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.

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:

Hi Michael,

My biggest challenge is knowing the actual trend on a daily or weekly chart to get into a trade long or short. It is easy to look back on a chart and see uptrends and downtrends but I find it hard to identify a strong trend when it is actually happening. What is your main way of identifying the trend and if it is a strong long-lasting trend to enter a trade near the start?

Regards

Jason N

How can you identify a trend until it’s over?

The things 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 also 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.