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Picking which shares to buy and sell is not necessarily about being right all the time.

Posted on by Michael Covel

From an article:

This leads into the second finding: picking which shares to buy and sell is not necessarily about being right all the time. Even the best fund managers are frequently wrong, and Lagrange estimates his team are correct between 45 and 65 per cent of the time. The trick is to make more money when they are right than they lose when they are wrong. From Savage’s analysis, he says his team makes 1.1-1.2 times more when right than they lose when they are wrong – enough to make good money even if their odds of being right are no better than 50/50.

Trend following 101.

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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• Frequently Asked Questions
• 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.

Trend Following Internships

Posted on by Michael Covel

Feedback in:

Dear Michael, I would like to express my interest in an internship with Trend Following. I am a loyal follower of yours and based in Australia. I have traded many systems over the past and learned from the so called professionals thus falling into the guru trap. Although I have spent a lot of money on this education and lost money trading the systems, I can say it has all been worth it as my persistence has lead me to your books and teachings. Unfortunately I never subscribed to any of the Trend Following trading systems, but I had been saved in the sense that I was able to design my own simple trend following system after being convinced about this through reading your books and listening to your podcasts. I don’t worry about news or missing any piece of data, I just do what my system indicates and life is so simple. I could not care if price is moving up or down, I just want a piece of the major trend. So thank you for all the work over the years and most of all for sharing your research with all of us. I can truly say that I would love to be involved with Trend Following in some way. As a professional accountant in my previous career, I was involved in the development and mentoring of young accountants for my firm. I really believe the nurture trumps nature mantra, as this is where I experienced it first hand. So therefore what you are doing is giving so many people new opportunities which most of us always believed was for the select few talented individuals. I would like to be part of this crusade and as part of my own development as a trend trader, would relish an opportunity to contribute within the Trend Following community. Perhaps you would consider nurturing a couple of disciples and unleashing us to the world as your own turtles? I would therefore appreciate it if you would consider my application for internship either to assist in trading or some form of writing. Although I am based in Australia, I am sure that technology breaks down any barriers and being able to work under your guidance would probably be the pinnacle of my achievements in life. Yours sincerely, Charles

Thanks Charles for the very pleasant note. Details soon.

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.

Ep. 164: Richard Noble Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Richard Noble
Richard Noble

My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which holds the current land speed record, set at Black Rock Desert, Nevada in 1997.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • What 600 MPH feels like to someone who has never been there before
  • The mental processes when you’re going at high speeds
  • Process vs. outcome
  • The danger of emotional highs
  • Noble’s entrepreneurial spirit
  • How Noble got the desire for the land-speed record at the age of six
  • Whether Noble views his endeavors as “life threatening”
  • The idea of “higher risk” in life and society today
  • The importance of taking risks
  • The idea of developing a “risk culture”
  • Motivating people to come over to your own perspective
  • The difficulties Noble experienced with British culture, the media, and with big companies
  • The parallel experiences Covel and Noble have had on the web
  • Where Noble stands on breaking the 1000 MPH barrier right now

Listen to this episode:

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richard noble

More awesome Noble pictures: 1, 2, 3, 4.

Ep. 163: Inequality Debate with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Inequality Debate with Michael Covel on Trend Following Radio
Inequality Debate with Michael Covel on Trend Following Radio

Please enjoy my monologue Inequality Debates with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Ep. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.

The topic is personal investments.

In this episode of Trend Following Radio we discuss:

  • What an RIA does for the average investor
  • The difference between trend following fund managers and the RIA world
  • The difference between hiring Merrill Lynch and hiring an independent RIA
  • Fiduciary suitability
  • Black swan protection
  • Benchmark issues
  • Warren Buffett declaring The Fed as history’s greatest hedge fund
  • How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
  • The disingenuousness of focusing only on the benefits, and failing to see the risks
  • Why some might say it “feels like 1999” today

h2 style=”text-align: left;”>Listen to this episode:

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Who Makes the Sausage? Ryan Vlastelica!

Posted on by Michael Covel

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Ever stop for a second to observe who makes the sausage? A headline written today by Reuters Ryan Vlastelica:

“NEW YORK (Reuters) – As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline.”

That background of course allowed him to make a prediction of a major stock market decline.

Party on Garth.

Note: If you happen to be a much larger player in the media that immediately thinks I am unfairly picking on a young reporter — I could care less. The financial media matrix is gross from top to bottom. Plus, I pick on the top too.

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.

No Desperation

Posted on by Michael Covel

Feedback:

Good Day Michael, I received your letter and DVD and am really interested in learning the techniques of trend trading. I have lost a large number of money using Futures and CFD trading platforms in South Africa. Only to uncover that the company whom I used to trade with was actually ripping me off, they use internal stop loss hunting systems and internal trading desks basically to defraud unknowing small traders like myself. I reported them to the Financial services board in South Africa and the case is currently under investigation. So to say the least I am very skeptical about trading again due to the large amount of Rands I have lost. I guess part of the reason I lost the funds was a mixture of greed, fear and ignorance. Not that I am wealthy to say the least I used my investment savings payout of 10 years, as I thought I could fast track my pension savings. Now I am self-employed and do not have any real spare cash to play around with and risk losing again. I do however feel positive after reviewing your website and in Rand terms the investment required to sign-up is quite significant for someone who has 3 small kids and a wife to support and who is self-employed. But I am prepared to take a calculated risk this time and educate myself first with a winning system, but also I need to know that the trading platform that will be used is not stacked against me the trader and it appears as your is actually stacked in favor of the trader. I hope your special offer can make it affordable or maybe you have a special payment plan option that can make it affordable to become one of the students of the process. I hope to hear from you soon.

Trend following trading is not something that relies on a broker or some other financial shark. It is based on price movements and philosophically on your entrepreneurial desire. It is a trading style that can put the odds on your side. However, no one should make any investment or start any investment research with desperate money. However, if you know your risks–no one should tell you to stop moving ahead.

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.