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Feedback in:

Hello, I finished reading your book last evening. I am certainly convinced that Trend Following is how I should be trading. In some ways I was a believer before I read your book, however your book cemented it in my mind. I think my favorite trend trader is definitely Ed Seykota. I enjoyed reading anything you put in the book from him.

As I assess my own knowledge and skills I am wondering if you could recommend any resources on how to identify trends that would be coming from a true trend following perspective? What are the best tools, indicators, etc. available? Secondly, I am not a coder and I see value in learning to build an algorithmic system that would operate purely on rules. I use TradeStation as my broker and I know they call their code “easy language”, but it still looks difficult to me. Do you know of any trustworthy resources that are available to learn how to code and setup a system that can run based on rules?

Thanks for the work you have done for trend trading. Any help would be greatly appreciated!

Sincerely,

Brian

Thanks! More to read on FAQs and software.

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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
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• Crisis Times
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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:

Hello Michael, My biggest concern is that I am not able to compile a trading system (number of trades, capital allocation, etc) that gives me consistent returns (7/8 times out of 10). I consistently lose money despite trying for last 3-4 years. Kindly advise.

Why do you want 70-80% winning trades?

Read FAQs.

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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:

It challenges me to net out they symptoms of my trading limitations, but I’m afraid I’ll still need too many words because if I could define my problems succinctly, presumably I could solve them. After being at it for six years, I’ll say I try to identify Supply and Demand levels on Hourly and 5 minute charts and then compare Slow Stochastic momentum and Hull Moving average slopes on Weekly, Daily, and Hourly charts and look for long entries into pull-backs into the Demand Zones [or shorts in the Supply Zones] I found on the hourly and 5 minute mark-ups. Recently with the Tweet-caused dip of 12/2 through 12/9 or so, I could see several FAANGS drop into Demand Zones so went long using a synthetic Risk Reversal and profited during the next 2 weeks. There was another market dip 12/30 and 12/31 for profit during the following 2 weeks. But If I overstay, as I have with options expiring 12/31, my longs suffer with the pull back unless AMZN recovers. My method for identifying Trend Direction is by having all three time frames [Week, Day, Hour] agree, or maybe have the hourly leading up from Over-Sold for potential recovery of Day and Hour at Over-Sold lows. I was using information from a Trend Trading group which got whipsawed in the consolidation last June, July, August and I lost by just following their [name], so started looking for a method with better stats. I have two big problems:

1. Identifying Direction consistently for long or short Risk Reversals on 2 to 4 week duration.

2. Discipline to apply rules consistently plus market awareness to observe accurately the difference between a U-Turn short in direction versus a pull-back into a Demand Zone for a continuation long. [And the complimentary direction for short side.]

I bought your Little Book from Amazon after hearing your interview podcast with Tom Basso someone referred me to, but haven’t received it yet. Sorry I didn’t buy it from your site!

Thanks for thinking of me, but since you mention Tom Basso let me say you don’t sound like Tom.

I would cut your losses and leave the strategy you describe ASAP.

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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:

Hi Michael,

I got your book Trend Following last November after seeing it in a book store in the UK. Ive been reading it and that led me to your podcast on Spotify. With so many episodes to get through I decided to start with Ep 1 and make my way through them which is where I found your email address.

Prior to reading your book I had no investing experience and was not aware of the term “trend following” so I have really approached this as a blank canvass. I feel quite lucky in the sense my first dealings with trading has been your work as opposed to something like the endless instagram adverts you see today. The reason I’m reaching out is I was wondering if you could recommend other books, websites and industry figures to read to help me broaden my understanding. Of course after completion of this one I’ll buy your other books!

Kind regards
Paul

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.

Subscribe to Trend Following Radio on iTunes

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

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Feedback in:

Hi Michael,

I’m struggling to get out of the gate so to speak. I have a rather large family and depend largely on my trades to build my account. I was doing rather well but hit a wall last spring, got hot again in December the hit the wall again with the coronavirus frenzy being promoted by the media. I’m trying to establish a trading system that I can use (I’m a construction superintendent so sometimes my job gets in the way of following the market during the day) to scale my accounts and trade profitably (hopefully full time someday). I recently read The Richest Man in Babylon and am trying to prioritize paying myself first to help build my accounts. I’m currently reading The Complete TurtleTrader, which has led me to where we’re at now.

Thank you,

Jason L.

To start: 1, 2, 3, 4, 5, 6.

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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:

My biggest problem is focus. It’s hard for me to stay focused on the market and on educating myself, or anything else for that matter. My mind is always filled with a million other things going on at work and at home. I have been in and out of trading for the past 25 years, and my best years are when I break even. I work 14 hours a day 7 days a week and don’t have much energy to focus on reading a book or a computer screen and end up trying to take shortcuts or listen to ill advice. I do travel a lot and it seems to be the only time I get anything done is my time between work projects, which means either sitting in an airport or on a plane.

Also, I have no support system, not at home or friends. They all think it is gambling, so I don’t talk about it to anyone because I’m tired of the negativity.

Any suggestions?

Thanks.

Joe

If you can’t control your time to learn something new… I have no suggestions.

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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.