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Hi Michael,

This is a bit random but I thought you would get some interest out of it.

This morning in the sauna I overheard a young guy out of college who just got a job for an advisor position at a small firm. He was talking to this older woman who was saying that all her sons do very well in the stock market because “They buy when it’s on sale”. He was telling this woman that all she has to do is “buy the dips, and hold on for the long term”. He then went on saying that “If you believe in America, then you always buy the dips”.

I didn’t think I’d get to hear stories exactly like the ones on your podcast but I’m glad I did. I’ve never been more interested and bullish on trend following.

Best,
Ryan W.

Sometimes you don’t learn until the punch to the face, right?

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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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• Performance
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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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Mr. Covel,

First off, thank you for your podcast and work around trend following. Your book and mindset on the podcast has helped shape my view of markets since I started as a broker in 2017. For reference, I am a futures broker mainly working with farmers to hedge corn/beans/livestock. I was an engineer for 4 years prior and my mind was opened when I left that corporate world and dove into the markets.

I will try to make my question brief. It is related to position sizing and plugging it into my backtested model. When it comes time to go long an underlying, what’s the proper way to think about sizing the position? Should it be based on total portfolio value, cash value, another route? I’m mostly looking for some guidance before really looking at historical performance, since it will take some effort to find portfolio value at each point in time of each trade.

Context: I am trying to put together a long-only trend system for my 401k/IRA accounts where I can’t go short. It is a basket of ETFs that track the U.S stock market, currencies, treasuries, and various world markets. Currently, I have my backtest showing how each underlying has performed over the years and the trades that were executed. Since I’m not going from long to short, I won’t have all ETFs on at once and there will likely always be a cash position.

Thanks, again, for all your content. I have traded many ways and it’s taken a while for me to finally come around and put in the work to build something. The world has become too volatile and capital preservation into this next point in history is most important. I want to set my kids up for the next turning and be ready to kick some ass by taking a risk.

Brandt H.

P.S. I saw you and Glen Ring go back and forth a while back on Twitter to have him as a guest. I would love to hear that. He’s an interesting guy and I love reading his historical research. He’s wealth of information.

I recommend total. Have you tested all to see the differences?

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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:

Being in a juicy drawdown right now, this message [weekly newsletter] hits home. Thank you, Mike. It’s very timely.

I met with Jerry (who I see all the time) and then spoke with Ed within a few days of the major tariff announcement a couple weeks ago. Having these two guys in your corner when the whipsaws roll through is such a blessing.

Thanks for showing up each week, Mike.

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.

Feedback in:

Michael. Thanks – love the summary – there is one caveat. Hopefully the pie is getting bigger (at least it has been the case for the last century or so) – so being long the market has been per se a +EV bet, rest is risk management. A zero-sum dog eat dog world would be quite depressing.

Kamen

In trend following, if trading futures, it’s zero sum. Been that way for a 100+ years.

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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 Michael,

I’ve been following your podcast and reading your books and I really enjoy all of it. Just wondering if you’ve read the book Buy Borrow Die by Mark J. Quann. I’d love to know what you would think of this strategy. I think I know what you’d say about it but it would be an interesting podcast book review or have to have a discussion with Mark Quann himself. Just an idea.

Chad B.

A good podcast idea! Thank you.

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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:

Dear Michael Covel,

I am writing to express my sincere gratitude for the influence you have had on my development as a systematic trader. Your knowledge and the ideas you have shared have greatly inspired my approach to trading, and they even helped spark the idea for my website, [name].

I have recently launched a project called [name] – a free website featuring tested investment strategies. These strategies are based on real market data and my own trading experiences. I would like to warmly invite you to explore the website and try out its content at [name].

As someone who is continuously learning and eager to share that knowledge with others, I am very keen to receive constructive feedback from someone as experienced as you. Any comments or suggestions you may have would be extremely valuable to me. Above all, I would be immensely grateful for any feedback or guidance you could provide.

Thank you very much for your time and consideration.

Sincerely,
Lukasz W.

I will check out. 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.

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Hello Michael,

Thank you for your authenticity, I love your podcast series and books (TurtleTrader and Trend Following).

I heard today that you were decrying the lack of authenticity in leadership books.

Have you ever considered Christian leadership books in regard to authenticity?

For example, “Leading with a Limp”.

Kind regards, your listener from Luxembourg,
Jhang S.

Thanks for the idea!

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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.