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“My biggest challenge as a new trend trader is scanning for the right stocks and to identify the right entry point…”

Posted on by Michael Covel

Feedback in:

Greetings Michael:

I am an engineer and business owner, however I am brand spanking new to trading. I always felt that it was beyond me as I was not financial strong in terms of accounting and understanding of the trading market space. I recently had a great opportunity for me to deep dive into something new like stock trading and after 4 books, 2 online courses and 6 months of experimenting in trading with real cash and simulated accounts, I am definitely ready to commit to learning how to trader correctly.

My biggest challenge as a new trend trader is scanning for the right stocks and to identify the right entry point.

Regards

Amalesh

It’s deeper than you think. Read about the 5 questions central to trend following here.

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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 greatest challenge is that I am not fully committed…”

Posted on by Michael Covel

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Hello Michael,

My greatest challenge is that I am not fully committed. I take on too much risk and fail to close out losers. I’m always searching/learning but never settling on an approach. I guess these are many challenges I face.

I am 40 years old and feel that I am behind in my retirement and savings. I only have about 55k in savings and 40k in retirement but have desires to provide a comfortable life for my wife and children in my later years. I believe this weight/feeling of being behind where I should lead me to take on too much risk. I have read Trend Following a couple of times and find hope in your research; specifically Donchian and the success he was able to have later in life.

Thanks for your help!
Jeff Nielson

You are on the right path. Dig in.

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. 880: Manish Tangri Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Manish Tangri
Manish Tangri

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My guest today is Manish Tangri. He has spent more than fifteen years executing entrepreneurial innovation activities in Fortune 500 organizations. At Intel Capital, Tangri executes strategic transactions–including mergers and acquisitions, equity investments, and partnerships–worldwide.

The topic is his book The Three-Box Solution Playbook: Tools and Tactics for Creating Your Company’s Strategy.

In this episode of Trend Following Radio we discuss:

  • Education in India
  • Leadership
  • Three-Box Framework:
  • Box 1: Manage the Present
  • Box 2: Selectively Forgetting the Past
  • Box 3: Creating a New Business Model
  • Google/Youtube
  • Facebook Buying Instagram
  • Ideation and Incubation

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Ep. 879: The Opportunity Cost with Michael Covel on Trend Following Radio

Posted on by Michael Covel

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

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

“What fascinates me is the Opportunity Cost…”

Posted on by Michael Covel
TurtleTrader
TurtleTrader

Feedback in:

Thanks again for your great Episode 812 and your statements:

“What fascinates me is the Opportunity Cost. If you go down the path of taking in information, and taking in information that is just made up, not real and assuming it to be real… there’s an opportunity cost to that. All the time that you spend on stuff that is not real prevents you from getting ahead on what is real. So the trick in this day & age, if there is one, is the filter. If you want to learn, if you want to find clear thinking… how can you find clear thinking if you are adding into your mind purely ‘political’ correctness? For those of you out there who want to get ahead, this is welcome news. The competition is weak, the competition is lost, the competition is engaging in behaviors that keep them from engaging in behaviors that might actually help their life, that might allow them to get more money, freedom, happiness, etc.”

Thanks!

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 is I need a system in which to operate…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

Biggest challenge?

Short answer: Phil Jackson.

Long Answer: Something that former NBA coach Phil Jackson mentioned in one of his books that has always suck with me, is that you have to have a system. For him it was the triangle offense, for me at work its my quality management system- A series of steps and procedures that anyone can follow so that our outputs can be consistent and duplicatable.

My biggest challenge in trading is I need a system in which to operate. It makes no sense to me to make big wins if I don’t know how or why it worked. I want to be able to consistently duplicate success.

So far this system appeals to my core. I view creating money as a game. The money isn’t really money in so much as it is a scorecard, and I like to win. I don’t like complicated. People complicate things needlessly to feed their ego.

Anyway, I am in chapter five of your book. I have never heard of Turtle Trading before a couple weeks ago. So, I am intrigued. This could be the system I am looking for.

Thanks,

Duane

Check out 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.

Ep. 878: Keith Ferrazzi Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Keith Ferrazzi
Keith Ferrazzi

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My guest today is Keith Ferrazzi, an American author and entrepreneur. He is the founder and CEO of Ferrazzi Greenlight, a Los Angeles, California-based research and consulting firm. He wrote the New York Times bestselling books Never Eat Alone.

The topic is his book Leading Without Authority: How the New Power of Co-Elevation Can Break Down Silos, Transform Teams, and Reinvent Collaboration.

In this episode of Trend Following Radio we discuss:

  • Having a Vission
  • Nurture vs Nature
  • Networking
  • How Executive Team Works
  • Co-Elevation
  • Coexistence is The Enemy of Transformations
  • Leading Without Authority
  • Working Remotely

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