Please enjoy my monologue A T. Boone Pickens Memory with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
Want to learn more Trend Following? Watch my video here.
Feedback in about a reader’s biggest challenge:
Learning what to incorporate in my research before trading, and how best to use information like order flow, insider trading, unusual option activity, seasonality and chart patterns.
My response:
You literally don’t want to use any of that info.
None.
A waste of time.
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.
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My guest today is Brant Pinvidic, a Hollywood producer. He has sold more than three hundred TV shows and movies, run a TV network, and helmed one of the largest production companies in the world with smash hits like The Biggest Loser and Bar Rescue. In his nearly twenty years of experience, he’s developed a simple, straightforward system that’s helped hundreds—from Fortune 100 CEOs to PTA presidents—use top-level Hollywood storytelling techniques to simplify their messages and say less to get more.
The topic is his book The 3-Minute Rule.
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Feedback in:
Michael,
I have read over 20 investment books, followed many podcasts, taken courses and still have not been successful. In fact I have lost over 50k in 4 years. However, I have a passion for learning the stock market and enjoy trading. It’s why I jump out of bed each morning before the markets open.
So here is my question. I have many large positions such as GE and gold mining stocks. I started as a value investor and now believe in and enjoy trend trading. Do I simply exit my value investing losing positions of which many such as GE are down 40+ percent down to reinvestment this money as a trend trader?
Question two, I have a hard time with where to put my stop loss. Below consolidation and moving average or 6-8 % stop loss?
I truly thank you for your help and response to this message.
Best regards
Bob R.
I don’t like the piecemeal approach here.
Your first step is to decide what strategy that you want to employ.
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,
Since you read all emails (proven to me when I first started following you) I’ll do my best to be brief, but this is important and hope you will read to the end (no need to respond just think you’ll find it interesting).
This one [post] in-particular (about the women in prison reading TT) was put off numerous times (thought “well, women in prison may be desperate for information – might be ‘opportunity seekers'” etc.) then I read it. This really impacted me. Allow a moment to rewind to apply some context as to why.
In a past life I worked in public service (I won’t say what, where or when). My path constantly crossed drug dealers (though, to be honest, not many female types.) This part of my work was as unsavory and not glamorous as one would imagine. Every derogatory label you can affix to these dirt-bags would not only fit but be entirely appropriate except ONE: They were anything but idiots. They had to run an entire operation (and in some cases many separate operations) just like any business that expects to make a profit, keep their people happy and continue to grow all this while trying to NOT GET KILLED by rival “business men.” Think about that for a moment. If you run a company the worst that can happen is you go out of business, declare bankruptcy and maybe hang your head in shame for all the people that were counting on you (employees, family, friends etc.), but you DON’T have to worry about getting killed! The point being that dealers not only are NOT idiots but can’t afford to be idiots and in fact have to be smarter than many top level execs/entrepreneurs etc because if they lose, they die.
So what’s my point in all of this? This is probably one of the greatest testimonials you could get for TurtleTrader (in fact, my route is learning via Trend Following so can’t help but wonder if I should switch my how-to to TT). These women aren’t going to recommend some b.s. or be swayed by flashy, slick talkers. For them it makes business sense or it doesn’t.
That’s all. Just wanted to mention this is actionable info/testimony and good on you for the donation makes me want to do the same.
Be well…
J. C.
Thanks!
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 Joel Peterson, the chairman of JetBlue Airways and the founding partner of Peterson Partners, a Salt Lake City-based investment management firm. Joel is on the faculty at the Graduate School of Business at Stanford University and has been since 1992. After three careers, four decades of marriage and seven kids, and demanding roles as CFO, CEO, chairman, lead director, adjunct professor, founder, author, entrepreneur and investor, Joel is often sought as a mentor and coach by leaders and aspiring leaders.
The topic is his book The 10 Laws of Trust.
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Feedback in:
I am 22-year old university student currently residing in Hungary.I read your books and the Trend Commandments and your podcasts stood out as my personal favorites. I am practicing trend following as a lifestyle and and in my little portfolio (for now). Soon the profits from my self-made trend following system will enable me to sign up for your flagship product.
Okay enough about that. I am grateful for you and will soon hopefully be honored to meet you in the near future..
I just thought of sharing this amazing illustration of nature’s trend following system in action. I found it very entertaining.
Happy Friday!
Ernest M.
Thanks!
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.