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Feedback in:

Hi Micheal,

I love the content you put out. You’ve always been a great inspiration to me. I guess my biggest hurdle is my own mind. I look at charts and my mind automatically goes to TA patterns. I’ve used Elliott Waves a lot in the past and now I can’t help but count waves when looking at a chart. This leads me to try to forecast what comes next thereby pushing me to needlessly jump in and out of positions. I realize its a barrier that i must over come if I want to be a successful trend follower. I know trading does not have to be complicated and I should just let the market tell me what to do instead of telling it what it will do next, but in my case, it seems to be easier said than done.

Antonio

Elliott Waves are junk science.

Stop that.

Please.

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

My guests today are Christian Terwiesch and Nicolaj Siggelkow.

Christian is the Andrew M. Heller Professor at the Wharton School of the University of Pennsylvania. He is Co-director of the Mack Institute for Innovation Management, and also holds a faculty appointment In Penn’s Perelman School of Medicine. From small start-ups to Fortune 500 companies, Christian has helped companies become more innovative, often by implementing innovation tournament events and by helping to restructure their innovation portfolio.

Nicolaj is the David M. Knott Professor of Management at the Wharton School, University of Pennsylvania. He is a Co-Director of the Mack Institute for Innovation Management. Having spearheaded groundbreaking research on strategy, Nicolaj has been named a Fellow of the Strategic Management Society, the world’s leading association of strategy researchers. He has run strategy workshops for Fortune 500 organizations and small firms alike, helping develop and analyze their strategies.

The topic is their book Connected Strategy: Building Continuous Customer Relationships for Competitive Advantage.

In this episode of Trend Following Radio we discuss:

• What if there were a way to turn occasional, sporadic transactions with customers into long-term, continuous relationships–while simultaneously driving dramatic improvements in operational efficiency?
• What if you could break your existing trade-offs between superior customer experience and low cost?

Mentions & Resources:

• Nicolaj Siggelkow and Christian Terwiesch
• @terwiesch
• @NicSiggelkow

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:

The biggest challenge I am facing is finding a process that I can execute with the limited time I have available that I believe will generate the best possible returns in the long run. I am not comfortable simply putting my money into the S&P500 and hoping. Certainly it has been pretty good for the last 10 to 11 years, but I do not want to be sitting in a buy and hold position for the next 10 to 15 years and end up with zero or less returns. So I am looking for something better.

I have tried some option selling strategies, but to win the probability game leaves you tied to a computer executing a lot of trades to get an edge. I have just not been able to get this to work.

But, what I am understanding from your book on Trend Following makes sense to me and appeals to my desire to establish a clear process to pull profits from the market.

[Name]

Read my 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:

My biggest challenge is not FOMO-ing into a trade and ending up shorting the bottom or longing the top.

Also probable over-reliance on multiple indicators.

I’ve stripped back to some moving averages, MACD and RSX – it still feels like too much, but its much easier to make decisions without all the noise on the chart.

This sounds like the kitchen sink approach. Let go of all of the TA bullshit.

Then have a nice life.

Right?

To start read my TF book 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.

Feedback in:

Hi Michael,

I don’t know if you will actually read this but here goes. I am a brand new trader from South Africa. I am currently completing a PhD degree in Public Law at the University of Cape Town. My area of focus is on transnational organised crime in Africa and I would love to carry out my academic work (which is my passion) without worrying about how I will pay the bills. That is why I am exploring the option of forex trading.

So far I am learning as much as I can and have not had major concerns aside from finding reliable and consistent information. It appears that a lot of people are trying to make money from forex trading by selling courses, signals, seminars etc. However, I am hopeful that your platform will turn out to be a valuable source of learning material.

Thank you for the great work!

Regards

O.

Thanks for the nice note.

See what people are saying.

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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 Dinosaur Hunting with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

• A Dinosaur Attitude Rules

Mentions & Resources:

• Jack Horner

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.

Feedback in:

Hi Michael,

Thanks for reading this. My biggest problem is not getting out of losing trades fast enough… like those calendar put spreads I just bought on June 3rd – UGH! It’s hard to adjust when the market does such a volatile about face. I’m actually a fairly adept trader, so what I meant as a bear trade turns into a bull put calendar, and I will dance around for the next 6 weeks hoping to sell enough premium against my long put, whose value nearly evaporated in a heartbeat, just to get to break-even. Sorry, was that a run-on sentence? So when I’m wrong on a trade, instead of just getting out quickly, I often waste a ton of time and energy in my fight to get even. I found a crisp looking copy of your book “TurtleTrader” on my bookshelf yesterday, and was shocked when I opened it to find I had underlined things in it. My brain must be going, as I didn’t recall when or where I got it, and didn’t recall reading it. Looks like I didn’t make it to the end, but I’m going to carefully read every page this time, I promise!

Have a good weekend!
Gerri

Don’t promise me, promise yourself!

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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.