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“Cut your loses at a much more reasonable level like…”

Posted on by Michael Covel

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Hi Mr. Covel,

It seems all the managers you listed came out of those years 2000; 2001 and 2002 doing fine even with their tremendous drawdowns.

I really don’t understand that the trend could lead to having 25% and more drawdowns. If you use the 5 and 20 days drawdown like that wouldn’t happen.

When Mr. Dunn was being down how did he know when his investments were going up?

I question why take a 25% drawdown and not cut your loses at a much more reasonable level like 5% to 7%.

It seems he gave back a lot more money than most investors could tolerate.

Mike

DD comes from many small losses across many markets, not from one market alone.

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“To get up and start doing something…”

Posted on by Michael Covel

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Thanks so much for this episode. It’s one of your top ones.

Thanks again.

[name]

Welcome! Why like it?

It’s 100% the truth and straight to the point. I love and so many others do too. Please keep up the great work. It’s a huge motivation for myself and everyone else. To get up and start doing something.

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.

“Finding the right setup and when to enter…”

Posted on by Michael Covel

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Hi Michael,

I would say that my biggest challenge [on trading] is finding the right setup and when to enter. I would add the challenge of letting the trade run and not stop out too early.

Kind regards,
Patrick T.

You need a system. Have one? My books are a great start.

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.

I’m having a great deal of difficulty since I made a dump investment

Posted on by Michael Covel

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Good morning Mr. Covel.

I like the introduction you presented for Hite’s book The Rule.

I found it very ingesting that Hite has a policy that he exits his positions when he has a loss of 2%. Do you have the same policy?

I’m having a great deal of difficulty since I made a dump investment in self-directed IRA’s in real estate. I put two attachments in so you can see my dilemma.

Whatever assistance you can provide I’d appreciate. It seems like everyone has to know a way to make it right not only for me but for all the other investors who may make the same mistake.

Thank you.

Michael H.

Start here. No short cuts.

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.

“When I saw the power of trend following in my backtests…”

Posted on by Michael Covel

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Michael,

Thank you for being the instigator I needed to change the course of my life. I started listening to your podcast and reading your books in 2016. At that point, I was a couple years out of college and stuck working for the man. I didn’t know where to put my money, but knew I couldn’t trust my emotions or the market pundits. The work you were/are doing clicked deep in my psyche. I consumed everything related to trend following trading I could get my hands on.

When I saw the power of trend following in my backtests, I knew there was something profound to the strategy (both in markets and in life). In 2018, I started trading a classic trend following futures strategy with my own money. Once I started making money outside of my day job, I knew what I needed to do next. I couldn’t work for anyone other than myself. I launched a fund in late 2020 and have been riding the waves of trend following ever since. Still a tiny fund, but good returns so far in the last 4-5 years. Trying to put together a solid long-term track record with decades of performance like the great trend followers out there.

Your work has had a huge impact on my life. Keep kicking ass! If you’re ever back in the US, I owe you at least a drink/dinner and would love to connect at some point.

Thank you,
James Z.

You are welcome!

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.