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Reminding myself that price and value converge over the long-term but realizing that sometimes long-term is sometimes longer than I expect. (My version of JMK quote). Knowing that process is always more important than the outcome and that the market knows a lot more than any individual participant.

Why does a trend follower need to worry about “value“?

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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
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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue A Pandemic Attitude for Winning 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.

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Hi Michael,

I listen to many of your podcasts. And enjoy them. I’m trying to execute trend following trading and struggling. I start the day following my plan and then get sloppy. I know what I need to do but always find a reason not to. Overconfidence, no stops, move stops. Revenge Trades. Disaster. Trying to get my head right. Read the Turtles. Read Trading In The Zone. Use OTA supply zones/ demand zones. Use NexgenT3 for day trading. Have many good days. But the bad ones are really bad. Like the last 2 days being short on CL.

Look forward to your training.

Steve M.

What you describe is not trend following. No day trading. This is trend following.

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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 Howard Steven Friedman, a statistician and health economist for the United Nations. He has worked with major organizations including UNICEF, the World Bank, the World Health Organization, UNFPA, UNAIDS, UNDP, and UNESCO. He is also an adjunct professor at Columbia University’s School of International and Public Affairs.

The topic is his book Ultimate Price: The Value We Place on Life.

In this episode of Trend Following Radio we discuss:

• The Value of Human Life
• Inequity and Inequality
• Public Health System
• Post-9/11
• September 11th Victim Compensation Fund
• Boston Marathon bombings
• Stop and Frisk Program

Mentions & Resources:

• Howard Friedman
• Ultimate Price: The Value We Place on Life
• Coronavirus (Covid19)
• Post-9/11
• Kenneth Feinberg
• Michael Bloomberg
• @howardsfriedman

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!

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My biggest challenge was to keep my losses small. I did not have the discipline to set up stops or I hoped things would go back up but It has been a lot better now since I started to focus on managing my stops better or even add them after my entry order has been filled (usually a day after to avoid day trading rule). My biggest challenge now is that I have been cutting my winners short. I have been analyzing some previous trades from earlier this year and I realized I left quite a bit of money on the table. I got nervous and I “locked” my gains too early. This cost me thousands of dollars in missed opportunities. I am up [number] this year despite the crash and yes, I had several losses this year but I try not to risk more than 2-3% of my account. I did calculate where my account could have been if I had not locked profits so soon and it was a wake-up call. Now I don’t “regret” it for the money but rather it opens my eyes to the fact that I don’t have solid rules for taking profits so my rules are not complete. I was making emotional decisions since there was really no clear indication to close the trade. I watched your first video tonight and I have to become more mechanical and have better-defined rules. I understand that if I have a good define system and clear rules the money will come. I am still working on breaking even and turn profitable since I had some losses from before when I first started to trade. I am a lot closer to that goal now that I manage my stops better.

That sounds all over the map. A good place to start.

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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.

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I hope all going well for you there. You sound like you are doing it very easily on the podcast.

I am on the computer and just finished the podcast as I do every weekend.

Jack Canfield

Man, this was very good. I really liked him. I have a couple favorites, for example, Larry Hite, Ed Seykota. This guy was up there with the best.

One of the best things I like about this podcast is the fact you get a person I have no idea who they are and not always a trader either, and I relate 100% to what they are saying when they share their outlooks on life with you. I have listened to enough of these with you too know that when these guys are at the top of their game the interviews really flow well. There was no dead space or uncomfortable anything with this guy. Like Eddie murphy on stage (when he was a comedian), knew exactly what he was doing, and never forget where he was going with the story. You had to really do very little to make this one flow. And the hour flew. I will have another listen to this over the weekend for sure.

As I’m a full-time worker still, (so a bit more likely than a lot at present) and only made to take some time off this week and next due to the fact I never take them, I have been slowly doing all the housekeeping as Jack said. I still need to really use the time better though and really make life happen. So I really liked how he believes and focuses and I see he really applies himself. I need to make a list for the week and stick to it to get it all done. Too many things get put off I guess. Anyway well done to you both. Stay safe over there, really different times for me. In Aus and just not going too far as we all are for the moment.

Thank you.

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.

Feedback in:

Michael, I wanted to send you a note and thank you for the continued work you are doing.. I just finished listening to your amazing podcast with Jack Canfield…

Can you please tell me more about your trend following system?

Thank you and stay safe.

Regards,

Murtaza J

Thank you!

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
• 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.