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Feedback in:

Hi, I have been listening to your podcast a couple times a week now for about a year I guess.

Also I have the copy 5th Edition Trend Following.

Plus turtle and Market Wizards. These two I have to still read but Trend following I’m 80% through at this stage. I treat my trading as a business and these are the couple things I need to get done over the next bit of time to check off the to do list.

I have a quick look at your FB just to see what your up too, But FB is not really my thing. I use it to work with a couple traders, but we have changed to Telegram more these days. Far more professional for sharing charts and communicating and zero bombardment from stupid adds/friend requests and all that other bullshit. The whole Social media thing and data sharing, well where do I start. Too much crap basically. (Hence the reason I have a trading name on FB and the like, I was going to send this reach out to you there, but this is more professional I think.) Plus it would have more than like likely got lost in other peoples comment section or something. Fuck Face Book, Big brother shit.

But I like the podcasts you do, which is why I want to quickly reach out today and offer a little encouragement. You send them every week and late I put 1 one and I do get a bit out of them. Well done. I have just finished the latest 1 where you go to The Mekong river, and tell the story of the Bakery and relate this to trend following. I like that. But the bit I find funny and seems to be happening more these days is the way you run off on your little tangents and you have to correct yourself. It’s like your whacking yourself with the Zen stick. The master and the apprentice all in one. I remember in one episode a while back some girl wrote to you saying you had issues and you read this out and were laughing through it. Funny shit.

The other one you played again about 2-3 weeks back was one of the super episodes, It had the guy with the story of his explanation of what a computer is. Went for about 40 minutes, man that guy was like doing stand up. That was very cool.

All the best keep up the good stuff. Love the fact your in Asia and doing your own direction in life. In short your Podcast are great for me to unwind and remind me to focus and have the correct outlook in life. Even the simple stuff. Make a dame list,

Cheers – Have a good one.

Thanks! My podcast is an addiction for me. 100%

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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 received:

Dear Mr Covel,

I’m deeply enjoying the fifth edition of Trend Following. Through many, if not all, of the interviews with the legend trend followers they make clear that they trade 100% systematically and mechanically. So does this mean that their computer, through an algo with all of their rules, takes all of their trades? And if that’s the case, what then are they left to do if the computer is basically doing their job?

Of course, the world is not perfect, a computer could break, bad code, etc. And new markets come online–which means new opportunities. Also, you will be checking correlation every year. Could all of this be automated?

Yes.

Listen to my podcast with Ewan Kirk. See?

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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, What is your advice to a new trader who has $1000 and wants to trade profitably? Are there any steps he can take?

Thanks.
Cyril
Ghana, West Africa

Listen to my podcast. Or ignore that advice and find someone who will give you a quick answer and you can then quickly lose all of your money.

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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 Jeff Dyer (Ph.D UCLA), the Horace Beesley professor of strategy at Brigham Young University as well as professor of strategy at the Wharton School, University of Pennsylvania. Before becoming a professor he spent five years as a consultant and manager at Bain & Company, a top management consultancy. His book “The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators”, with Harvard professor Clayton Christensen and MIT professor Hal Gregersen, identifies the behaviors of the world’s best innovators to demonstrate how individuals can enhance their own innovator DNA and increase the innovation capabilities of their organizations.

The topic is his book Innovation Capital: How to Compete–and Win–Like the World’s Most Innovative Leaders.

In this episode of Trend Following Radio we discuss:

• How can you build a personal reputation for innovation?
• What techniques can you use to amplify your innovation capital?
• How can you garner attention for your ideas and projects and persuade audiences to support them?
• What does it mean to provide visionary leadership and how you can achieve it?

Mentions & Resources:

• Jeff Dyer
• @Jeffrey_Dyer

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:

Dear Michael,

I suppose that my biggest challenge in trading is that I can not divide myself into two parts – I wish to be an investor and take long position for a really long term and I wish to have a lot of short and long swing trades. So I try to create my trading systems for both my sides and wishes. But is not easy to separate this roles in one person. I have a lot of another challenges of course – size of a position, choose right time to entry and more difficult to take a right time to exit, be patient when you are in a position, etc.

In any case thanks a lot for asking.

BR,
E.

Welcome! More.

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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:

These are my rules/strategy for my FX trading.

My main trading strategy is to never lose more than 2% on any one trade, have a positive trade expectancy, have more winners than losers, have a minimum 2:1 Reward/Risk on setups, get my average winners larger than my average losers, use hard stops (until further notice), enter trades daily/weekly as setups occur, and trade with focus. If I’m sick, or if I am having some personal troubles that would throw my focus off, I resist trading those days, or focus on paper trading, or work on understanding my trading psychology and pitfalls and/or blind spots (is that even possible? Hahaha!)

My Forex trading risk profile is to never enter a single trade larger than .01 lots per $1K of total capital, and to use a predetermined hard stop on the initial trade(defined below). I am constantly monitoring economic events both affecting the FX markets and world stock markets, as well as the US and European bond markets for signs of contagion that may spill over into currencies.

I focus on using a simplified version of the HMA strategy on 5 minute charts. I trade with an Oanda retail account on MT4 with USA FIFO restrictions and 50:1 leverage. Below is a screenshot of a chart of the indicators I’m using. The basis for trade entries is to enter in the direction of the “trend” as the HMA 200 period changes from one color to the next. The first trade remains as long as the HMA 200 period hasn’t changed color and if the trade hasn’t stopped out, I start scaling into trades as the HMA 10 period fluctuates back into the same color as the HMA 200 original trade entry (See attached jpeg). Once the trade setup has completed or the initial trade stops out, the process is begun again.

I do trade full time. I have an IRA account (TD Ameritrade ThinkorSwim platform) in addition where I’m trading US equities and equity options, and will be adding futures here shortly. I’m still developing rules/systems for the IRA account. Finally, I have a crypto portfolio not as actively traded, but coupled with a small farm of GPU and ASIC miners. It’s been a wild ride!

This is probably more than you asked for, but always willing to share and learn more as I continue down this journey. I appreciate your challenge from a previous email.

I would stop all of this short term day trading! Let it go…

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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’m interested in learning more about Trend Following. I’ve read The Complete Turtle Trader, and have been listening to your podcast for a few weeks. I really liked your recent interview with Steve Burns.

Basically, I’m a data scientist, and after meeting with some potential financial clients, and attending a few conferences with financial emphasis, I’ve become convinced of two things: that a lot of so called experts are wrong or making stuff up as they go, and that a trend following approach makes a lot of sense.

I’d like to take you up on your podcast invite to get the 55 minute video and next steps for trend following.

Best, Aaron

Just sent the video. Hope you like it.

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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.