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“Understanding where to place stop losses…”

What is your biggest challenge you have faced with your trading? Feedback in:

Understanding where to place stop losses. Setting profit targets. Recognizing bullish patterns.

Stops smart. The other stuff? Not smart.

More.


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.

Ep. 901: Five Minute Bar Trading the New Vegas with Michael Covel on Trend Following Radio

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Please enjoy my monologue Five Minute Bar Trading the New Vegas 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.

“Does this mean the system only works on a daily basis, or can it work on a shorter time frame…”

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Dear Michael,

Good morning!

Having looked at your website, and its charts, I notice that they are all daily results. Does this mean the system only works on a daily basis, or can it work on a shorter time frame? Please note that I tried it on five(5) minute periods and that seemed to work, so I am now trying it on hourly periods. My reasoning is that with shorter time frames there will possibly be less brokerage fees. Am I correct in this reasoning?

Blessings, Michael L

PS: I’m a 75 year old British expat living overseas. Also an ex-RAF avionics technician with a perfectionist bent, so this exacting methodology of sticking with only the price facts, appeals to me.

No minutes bars. No hourly bars. That’s no day trading.

Not trend following.


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.

“I am torn between being a discretionary trader who I am now and taking the time to learn the math…”

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I am torn between being a discretionary trader who I am now and taking the time to learn the math and programming to become a quant trader and automate my trading. It is the fun of discretionary trading that I enjoy.

Discretionary is gambling. Not trading.

FYI.


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.

“Thanks for all your work. I have your epic Trend Following book as a main feature on my bookshelf…”

Feedback in:

G’day Mike,

Greetings from Adelaide Australia.

After listening to many of your podcasts, I am going through each one from beginning to end and am somewhere in the mid 500s which places the time around early 2017.

I decided to tackle Atlas Shrugged as you mentioned it as an influence so many times, I was sure I wasn’t going to like it as I always thought of myself as slightly left of centre and yet I thoroughly enjoyed it and could not wait to get into reading it each evening. I agree with all that was put across in the story, maybe I’m not who I thought I was. I actually had a tear in my eye while reading about Rearden rescuing the boy who was attacked by the men who were trying to take over the mill.

My systems are charting a course through the turbulent waters we have been experiencing this year and I have experience first hand how the signals that are psychologically hard to take are sometimes the most rewarding.> Are you back in the States these days or in Asia still? Thanks for all your work. I have your epic Trend Following book as a main feature on my bookshelf and have bought others for friends who I think will read them. Many times you can lead a horse to water but you can’t make it drink is what I have found.

Regards,

N.

Keep going!


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. 900: Larry Hite Interview with Michael Covel on Trend Following Radio

Larry Hite
Larry Hite

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My guest today is Larry Hite, the founding principal and Managing Director of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint be the first to raise over $1 billion.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Having the Right Attitude
  • Trend Following
  • Stop Loss
  • The Most Fundamental Thing in the Market are People
  • Herd of Sheep
  • Adam Smith
  • What it takes to be a Trader

Mentions & Resources:

Listen to this episode:

Jump in!

“You test it for yourself…”

Feedback in:

Hi Mr. Covel,

Hope you are having a nice weekend. Please excuse my spelling and grammar I have dyslexia. Your system you are very intelligent and interesting. I have heard an infinite number of scammers talk about magic systems. However, when I program them to backtest them on a large scale they fall short. But it sounds like you have to do an amazing amount of testing and research in your system in this area. So I do not doubt its validity, because you sound like me, you do not believe what people tell you. You test it for yourself. I am somewhat disappointed though because I signed up for your video presentation. Because the advertisement said you would reveal your system. But after an hour and a half of watching the video and reading content, not such information was revealed. I will however read the AQR paper you described in the video. Thank you for the hint. My question will you reveal to me your money, risk, and trade management entry and exit rules as promised in the video. Thank you for taking the time to read this and I look forward to your reply.

I help clients with trend following systems. Yes. But of course everyone should verify before trading. That’s life.


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.