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Feedback in:

Hi Michael,

I’ve been developing my Trend Following System over the last 10 years (think Donchian center line break out informed by Orderflow) and I’m finally now in the backtesting phase.

In a weird way this is sort of a hobby and like you said in your book my enthusiasm seemed to outlast my learning curve. I originally bought your book to look at practical Risk Management examples and am glad to know that others have found success. Though I have to admit, I personally enjoyed listening to the audiobook version (from Audible) more than reading the book.

Anyways, could I trouble you to send me a copy of that Trend Following presentation? Attached is a copy of my receipt.

Thanks,
Mike

The video.

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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:

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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

My guest today is Gregory Zuckerman, the author of The Greatest Trade Ever and The Frackers, and is a Special Writer at the Wall Street Journal. At the Journal, Zuckerman writes about financial firms, personalities and trades, as well as hedge funds and other investing and business topics. He’s a three-time winner of the Gerald Loeb award, the highest honor in business journalism. Zuckerman also appears regularly on CNBC, Fox Business and other networks and radio stations around the globe.

The topic is his book The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution.

In this episode of Trend Following Radio we discuss:

• Gregory tells the gripping story of how a world-class mathematician and former code breaker mastered the market.

Mentions & Resources:

• Gregory Zuckerman
• @GZuckerman

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
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• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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Feedback in:

Hello Mr. Covel,

Well…I took an inexpensive “day trading” trading class offered by a young man last year. I was unable to actively trade at the time, but recently started trading full time (meaning studying and trading 8-12 hours a day) in a simulated account 4 months ago. I still have a lot to learn and have only started actually setting stop losses and limits in the 2 weeks.

For about the past month or so I’ve been making about $600-$1500 every day, when I stick to my plan. This does not include the trades I make trying out new trade ideas, but about 2 weeks ago I thought to myself “there has to be something I’m missing to not be able to capture more of what the day has to offer. I would place alerts where I thought the particular stock would go but didn’t trust myself and would close out my trade just to watch it go right up/down to where my alert was placed. At that point I started looking at longer time frames thinking there must be a way to capture more of these up or down trends.

Anyway, I drove from Arizona to Virginia last week and listened to your book trend following and it really made since. I’m relistening to it as I read along, now that I’m home, to hopefully understand it better and figure out what I have been missing.

So…to answer your question: I’m know I’m not getting all that I can get from each trade and I really think it shouldn’t require as many trades in a day, or week as I’m currently making.

Thank you for your time,
Carolyn

Your plan does not sound like trend following.

I would shift gears.

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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,

My biggest challenge is FOMO, hence I jump in too early and jump out too late.

Cheers,
SH

You don’t have a system yet?

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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:

I am a field sales rep for a global chemical company. I enjoy the freedom and independence of the work – my car is my office so your podcasts keep me inspired and pushing the button every day. But I had my own business before, so naturally I desire the true independence of my own business.

Being in sales most of my life, I still can’t get over what a great business opportunity trading is, and trend following in particular. The exchanges have built these awesome platforms, done all of this powerful marketing so your prospective customers and suppliers are available at the click of a button. No gatekeepers, prospecting, dead leads, cold calling, multiple decision-makers… none of that.

I now see making trend following trades like making sales calls. It is a numbers games, you can’t sweat any individual trade/sales call. A loss is like breathing, so on to the next one until you hit the home run, picking up singles and doubles here and there to pay the bills.

So the challenges:

More trading capital

Patience

I have trading capital of $70,000. I see the critical importance of compounding, so obviously more capital adds more firepower to your compounding. Any suggestions on sources for trading capital without borrowing money? A crazy idea I know.

Patience. This is where is trading diverges from sales. I can do more prospecting and sales calls to increase my closing volume, but I can’t make a market trend. I know this will come with experience, still… how do you wait… and wait… and wait…

I am beginning to think that trend followers must have something in common with the biblical Job… “the Market giveth, and the Market taketh away. Blessed be the name of the Market.”

Thanks again Michael.

Jason B.
FL

Great feedback! Check those links out I put in above.

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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,

My biggest challenge is portfolio construction: what is the best way to construct an optimal portfolio of uncorrelated instruments for a trend following strategy?

Any links and thoughts are highly appreciated.

Lastly, have you considered doing a podcast on your life in [name] and how it’s different compared to the US.

I am from Germany but live in Chicago. I have always had a big fascination for south east Asia (spent a summer in India).

Erik H.

I have added bits and pieces over the years re [name] to the podcast, but not yet a specific episode. On portfolio construction? I give a ton away across my website and books, but for more 1:1 issues I handle that through my Flagship product.

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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:

Afternoon Michael:

I am currently working my way through your trend following book, every time I have an answer to your question, your book provides the answer!

So I’m afraid my response won’t be much of a test.

I believe my biggest challenge will be discipline / keeping the faith on the draw downs, you and your guests have explained the rational process, but the test will be having a clear analytical head when the emotion / ego of being financially invested comes knocking at my door.

But clearly that is the test!

Fantastic books by the way, I am learning so much.

Thanks again

Phil H.

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.