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“The biggest mistake in my personal trading history was following a counter-trend thesis…”

Posted on by Michael Covel

Feedback in:

The biggest mistake in my personal trading history was following a counter-trend thesis to the great detriment of my capital. I’ve learned a lot since, and have developed a trend trading method. I am here to collect additional knowledge.

Thanks,

Dave K

I can help.

I’d like to say a few words about “where I’m at”, I’m sure you’ve heard it all before. Not to sound cocky, but I am familiar with the info in the intro. My problem now is psychology after losing most of my trading capital. I know it’s possible to trade any time frame with a trend approach, I’m curious about your perspective on that. I’ve also lost tolerance for drawdown and consequently entering existing trends is difficult for me. Basically, I break even on most trades. Using my template I feel I get pretty close to turns, but turns don’t come along all that often unless day trading on very short time frames. I am currently paper trading that idea and it seems to be coming along. I’ve known about you for years, well before becoming a trend trader, a years-long process that is now reaching a pretty good stage I think. But I want to double-check my thinking and tighten up my method as much as I can, which is why I’m here.
thanks!

Dave K

Trend following is one thing.

Counter-trend can mean anything.

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. 877: Andrew Lo and Jon Gordon Interviews with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Andrew Lo and Jon Gordon
Andrew Lo and Jon Gordon

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My guests today are Andrew Lo and Jon Gordon.

Andrew is a Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is the author of Hedge Funds and the coauthor of A Non-Random Walk Down Wall Street and The Econometrics of Financial Markets (all Princeton).

Jon is an American author and speaker on the topics of leadership, culture, sales, and teamwork. He has worked with numerous athletic organizations, academic institutions, and corporations. He holds a Bachelor of Science in human ecology from Cornell University and a Master of Arts in teaching from Emory University.

The topic is Jon’s book The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy.

In this episode of Trend Following Radio we discuss:

  • Market Data
  • Human Behaviors
  • Financial Market
  • Market Crash
  • Adaptive Market
  • Hedge Funds Strategies
  • Market Dynamics

Mentions & Resources:

Bio: Jon Gordon’s best-selling books and talks have inspired readers and audiences around the world. His principles have been put to the test by numerous Fortune 500 companies, professional and college sports teams, school districts, hospitals, and non-profits. He is the author of 17 books including multiple best-sellers: “The Energy Bus,” “The Carpenter,” “Training Camp,” “You Win in the Locker Room First,” “The Power of Positive Leadership” and “The Power of a Positive Team.”

In this episode of Trend Following Radio:

  • Positive Leadership
  • Address Negativity
  • Energy Bus
  • Negative to Positive
  • Power of Prayer
  • Embrace Failure and Trust the Process
  • Taking Risk to Succeed
  • Energy Vampires

Mentions & Resources:

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“I too often let my losers run and cut my winners short to show a profit…”

Posted on by Michael Covel

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Funny, I wrote a course called ‘What is Enough?’ back in 2010. It was based on some of the work by Joe Dominguez in ‘Your Money or Your Life’ It’s been used to this day but I hadn’t updated it and folks were asking me to bring it all current.

I originally included your movie ‘Broke – The New American Dream‘ in that course as a recommended part of the homework in the first class. It’s very hard to find now. I have a copy I bought on Amazon in February or 2010, but there aren’t any easy ways to stream it today that I can find. Anyway that’s part of the updating process.

While working on the course I found you searching for a streaming copy of the movie. It seems really relevant now. Always fascinated by the synchronicity. I’d read The Complete TurtleTrader years ago, but didn’t remember you as the author. I saw your newsletter tonight while doing some research and decided to sign up–that’s the question you didn’t ask.

Now to answer your question: What is your biggest challenge you have faced with your Trading? Fear of losing. I too often let my losers run and cut my winners short to show a profit. I’ve been trading since 2008 and that’s been the most difficult habit I’ve struggled with.

Regards,

Todd

You sound self-aware! My film is on VIMEO. Linked off my website.

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. 876: Rana el Kaliouby Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Rana El Kaliouby
Rana El Kaliouby

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My guest today is Rana el Kaliouby. She is on a mission to humanize technology with artificial emotional intelligence, or what she calls “Emotion AI.” through developing a “deep learning” platform that combines facial expression with tone of voice to infer how a person is feeling. She is the author of “Girl Decoded: A scientist’s quest to reclaim humanity by bringing emotional intelligence to technology.”

The topic is her book Girl Decoded: A Scientist’s Quest to Reclaim Our Humanity by Bringing Emotional Intelligence to Technology.

In this episode of Trend Following Radio we discuss:

  • Pinnacle of AI in 2020
  • Artificial Intelligence and Emotional Intelligence
  • Siri and Alexa
  • Emotional Intelligence Versus Intelligence Quotient
  • Communication and Internal State
  • Clinton and Trump
  • Building Trust
  • Facial Landmarks
  • Data Collection
  • Dating App

Mentions & Resources:

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“My biggest concern so far is how to pick the stock you want to study and trade…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

So far, my biggest challenge is how to. I’m only starting to get into it and I’d rather educate myself first and then enter the markets with some knowledge of what is happening, why, how to react, and how to. I’ve been studying many books and watched lots of videos too, mostly studied trader and market behavior and psychology, some technical analysis, starting on money management, starting on creating my trading system too. My biggest concern so far is how to pick the stock you want to study and trade.

Thanks for reading!

What about a portfolio? One stock alone will not cut it.

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.

“Volume is not part of the trend following…”

Posted on by Michael Covel

Feedback in:

As for trend followers a good volume indicator is our oxygen… I’m starting out so my question is which volume indicators would you recommend?

Volume is not part of the 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.

Ep. 875: Get Your Trend Following On with Michael Covel on Trend Following Radio

Posted on by Michael Covel

Get Your Trend Following On with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Get Your Trend Following On 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.