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Feedback in:

Dear Michael, I am a Zoroastrian by religion and Indian passport holder. I trade the Nifty Index weekly options on the National Stock Exchange based at Mumbai in India. I sell naked call or puts and wait for weekly expiry to pocket the premium. If the index moves sharply in my favor I close immediately and do not wait for expiry. If it moves against me I either hold on if I am confident it will reverse or roll the trade over to the next expiry. I almost never buy options. Sometimes I trade a spread more as a hedge to my naked position. I may close one leg of the spread going against me and let the other profitable one run.

My biggest challenge has been finding someone trustworthy who can deliver good guidance and receiving accurate trading signals. My experience shows that accumulating profits is a slow and long procedure whereas one loss sets you back and the game begins again. I have only one trade at a time using all my available funds. I find it difficult to concentrate on multi trades. I know I am advised against it but this is what I do.

I am 70 years old in service employed as an accountant, hence I am more of a positional trader not a day trader. I had placed all my funds in a managed account trusting someone and overnight I lost everything. I am now trying to earn a regular income to permit me to retire.

Best regards,
N.

You need one strategy. I don’t see that. I see all over the map. 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.

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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:

In your book on Trend Following, you follow some guy, whose name I have forgotten, but, he was incredibly successful, and then it all went to shit.

I don’t recall from that tidbit alone. Do you mean my TurtleTrader book?

So, I think I can live jess fine without your temptations. Essentially, you find the most lucrative investments, buy and hold until they aren’t so good.

You need details. That’s general assumptions you write. Trend following is not buy and hold.

So, why give you $3 grand plus, on that basis. Plus, you ain’t exactly personable, but are dismissive.

The details:

www.trendfollowing.com/faqs

www.trendfollowing.com/markets

www.trendfollowing.com/events

www.trendfollowing.com/zerosum

Dismissive? Personable? Read what others say. And: listen to 800+ episodes.

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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:

Hello Mr. Covel,

My biggest challenge is consistency, I always listened to this and that here and there. I tried somewhat technical trading but always switch to different indicators without big success, then tried the long term buy and hold à la Motley Fool with rather big loss. Well big loss in percentage only, because I am still with my few thousands dollars account to get the twist before investing more money.

From the beginning of the year it seems to unlock somehow. I just finish reading your book The Little Book of Trading. So far with a combination of MACD/Volume/MFI/EMA(55) I identified two trends signals (I am only long) one with perfect timing, another a bit late. I made a Google Sheets calculator for the risk management based on ATR but didn’t had any stop loss so far, got burnt rather much by putting stops and got swept just to see the trend getting back, so I’m just watching from time to time, no hurry as I am already more than +10% up on these two trends. It’s a study case on stock with low account for now.

The best lesson I got from your book is living the “Now”, I identified myself very much with this line of thought and want to deepen my knowledge on trend following. I’d like to look at your mini course and see what I can learn from there, no other plan for now or even to go further on your offered material, that’s the actual trend of my experience.

Benoit L. St-Placide, QC, Canada

Keep exploring.

I want to see you with a complete trading system.

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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 Howard Marks Inspiration 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.

A reader writes:

I am focusing on trading futures right now and I need to remove all distractions in my life in order to master this task. I respect you highly and hope to come back and follow you again someday but for now I am removing everything in my life that isn’t essential to my main focus. Once that is accomplished, I will be back.

What strategy are you using to trade futures?

Intraday trading during the evenings due to my day job. I plan to start with a very small amount of cash (and by small I mean tiny, as in $250) and trade the micro NQ (possibly the ES if I can’t find consistent success since the NQ is very wicky). My setup is simple, Bollinger Bands on the 1 and 5 minute as well as a 5 day 30 minute chart for a long game view that I can zoom in and out of to maintain perspective of the long game.

I plan to trade the bounces off the top or bottom bands when I see a solid setup and manage the trade extremely tight (2 points max) in order to stay in the game since that 2 point stop can go to 4 plus in the blink of an eye.

If I happen to have the opportunity to get in during the day and it’s a trend day, then I want to hit those opportunity days with larger sized moves in order to capture a portion of those beautiful moves up or down.

By all means, if you see any flaws or have any questions or concerns, please let me know as I am always open to the insight of those that are more experienced than myself.

Stop all of that. It’s a dead end. Nothing to salvage. And it ends in one way only…

Badly.

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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 Rob Markey, a partner and director at Bain & Company and the founder of the firm’s Global Customer Strategy and Marketing practice. He is a coauthor of The Ultimate Question 2.0 and is the host of the Net Promoter System podcast.

The topic is his writing Are You Undervaluing Your Customers?

In this episode of Trend Following Radio we discuss:

• Bain & Company partner Rob Markey argues most companies are too focused on earnings at the expense of customers. Instead they should measure and report “customer value” to investors, like Costco, Amex and Humana do, with consistent metrics that allow investors and other stakeholders to judge a company’s true value compared to competitors.

Mentions & Resources:

• Rob Markey
• @rgmarkey

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!

Feedback in:

Some great podcasts lately. Keep up the good work (or fun), as life may have it.

William [Name] CFA CFP®
Senior Investment Advisor
[Name] Management Group

What did you like?

Golisano and Rishad. The longer I “manage” investments, the more noise it becomes. I really like segments on how to develop vision, and simplify my life.

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.