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“I’ve read a majority of your books the past couple months…”

Feedback in:

Thanks for the starting steps, Michael. Been a huge fan of your podcast, currently on 332. I’ve read a majority of your books the past couple months and I am thankful to you for introducing me to trend following. You’ve opened my eyes to the whole financial system and given me good foundational thinking. I eventually would love to create my own trend following system as well as buy the mastery system you offer. Would you recommend I get accustomed to using and coding in excel spreadsheets?

Ryan W.

Of course. Jump in!


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
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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.

“The best two page email read I’ve ever come across…”

How a Farm Kid Took on the Markets and Won Big

You’ve may have heard of John W. Henry—billionaire owner of the Boston Red Sox and Liverpool Football Club, a guy who’s got sports locked down tight. But before he was swinging bats and kicking goals, he was swinging trades in the only arena that really counts: the markets. And here’s the kicker—he didn’t get there by guessing what’s next.

Henry stacked his multi-billion fortune doing what most investors won’t stomach: riding trends, not chasing hot tips. His story’s a neon sign screaming one truth—prices call the shots, not people.

No Crystal Ball, Just Cash

Most traders are junkies for predictions. They’re glued to forecasts, sweating over Fed moves, betting some talking head on TV’s got the future figured out. Henry? He didn’t play that game. He cashed in because others thought they could outsmart the market—and crashed hard. His gig wasn’t about knowing the next move; it was about jumping on when it happened.

1995: Barings Bank imploded betting against the tide. Henry was on the flip side, pocketing their losses like it was nothing.
2002: NASDAQ’s bleeding out, and Henry’s up 40%. No voodoo—just following the price.
2008: World’s falling apart, and Henry’s system’s raking it in while everyone else is toast.
2025: Are you ready for the next big trend up or down? Are you ready for the next black swan?

Markets trend because people don’t change—greed, fear, panic, rinse, repeat. Henry saw that pattern from the 1800s to now and built a machine to ride it.

From Soybeans to Stadiums

Henry didn’t roll out of some Wall Street penthouse. He’s a Midwest kid who grew up crunching baseball stats and outsmarting blackjack tables. No fancy degree, just a head for numbers. That’s how he tackled markets—not as a guessing game, but a straight-up quant hustle where he learned sticking to a plan beats flapping your gums.

His playbook? Dead simple:

Ride Big Trends: Tune out the daily chaos, grab the monster moves.
Stay Cold-Blooded: No hunches, no tears—just the system.
Manage the Hits: Dump the duds quick, let the winners roll.
Go Wide: Trade anything, anywhere—don’t bet on one pony.
Winning wasn’t about being the sharpest tool in the shed. It was about ditching the dumb stuff—emotions, hot takes—and sticking to what works.

Why He Bailed (And What’s In It for You)

Henry pulled the plug on his trading firm in 2012, and some folks cried “failure.” Come on. By then, he’d already banked billions and flipped the script to sports mogul mode—Red Sox, Liverpool, the works. He didn’t lose; he leveled up.

His Trend Following legacy? Ironclad. Thirty years of crushing it, proving markets don’t care about your theories—they trend anyway. People still screw up the same way. The cash is still up for grabs. You just gotta see it.

The Gut Punch

Henry nailed it in trading and sports with one rule: the numbers don’t lie, noise does. Soybeans or strikeouts, same deal—trust the data, ditch the chatter. He said it best: “We don’t predict the future, but we know it won’t look like the past. It never does.”

Most traders tank because they’re hooked on playing psychic. Henry didn’t. He followed the game billionaires play. You still waiting for some guru to spoon-feed you the next big thing? Or are you ready to step up and trade what’s real?

Probably the best two page email read I’ve ever come across, thank you!

Michael P.

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.

“Thank you for this one, often I find I have to be reminded…”

“Cut your losses.”

Everyone’s heard it. Everyone says it.

But few really understand what it means or sticks to it when it matters.

Many think it means giving up.

Others see it as a weakness.

And for most people, the moment they should cut a loss, their emotions get in the way.

Here’s the truth:

Cutting your losses is not weakness. It’s the core principle of survival. It’s not about admitting defeat. It’s about staying in the game long enough for the wins.

But even though many know conceptually they should take a loss, most can’t.

And it’s not because they lack intelligence.

It’s because their brain is wired to fight it.

10 Reasons People Don’t Cut Their Losses (Even When They Should)

1. Loss Aversion​
Losing hurts way more than winning feels good. So people freeze. They hold onto bad trades longer than they should to avoid that sting.

2. Sunk Cost Fallacy​
“If I just hang in a little longer, I’ll get my money back.” Nope. People get stuck because they don’t want to “waste” what they’ve already put in. But that money? Already gone.

3. Fear of Regret​
Nobody wants to sell and then watch something bounce back. So they stay put, doing nothing, hoping for the turnaround.

4. Ego Threat​
Admitting you were wrong? Brutal. Especially when you think of yourself as someone who’s usually right. So instead, people hold on, praying the market will change to fit their story.

5. Social Comparison​
It’s not only about money, it’s about what people think. Nobody wants to be “the one who lost.” So they keep holding and keep bleeding out.

6. Ambiguity Aversion​
Selling means uncertainty. Starting over. Not knowing what’s next. Holding on even to something that’s clearly bad make people feels safer.

7. Overconfidence​
“This trade just needs a little more time.” Famous last words. Overconfidence makes people think they can outsmart the market. They can’t.

8. Endowment Effect​
Once you own something, you’re married. Many start believing whatever is more valuable than it really is. Traders do this like clockwork.

9. Cultural Pressure​
We live in a world that glorifies grinding it out, never giving up. But here’s the thing: Quitting losers fast is what winners do.

10. Cognitive Dissonance​
You believe you’re smarter than your neighbor, but your account says otherwise. That conflict? Painful. They lie to themselves instead of taking decisive action.

How Trend Followers Cut Losses (System, Not Emotion)

Here’s how the pros do it:

They set their exit rules before they enter a trade.

No gut feelings. No wishful thinking.

Example:

You buy at $100. Your system says:

If it drops to $95, you’re out.
If it rises, let it run.
You follow it, no matter what.

That’s it.

Trend followers might lose on half their trades, but the losses? Small.

And when something runs, they let it run to the moon (if it goes that far!).

Cut small losses fast. Let big winners compound.

That’s the edge. Always has been.

If you don’t have a rule for when to get out, you’re not trading. You’re hoping.

From the Community: A Real Story

Last week, a reader named Dylan emailed me:

“Michael, I was down 40% on a tech trade and just couldn’t sell. I kept telling myself it’d bounce back. Then I re-read your chapter on loss aversion… and finally sold. Two weeks later, it dropped another 20%.”

That’s what this is all about.

Cutting losses isn’t about being right with your ego. It’s about protecting your capital.

Capital is oxygen. Run out, and the game’s over.

The market doesn’t care how smart you are. Or how long you’ve held something.

It only cares about price.

When price moves against you: cut it.

Move on.

Live to catch the next trend.

The Real Edge? Let Go.

You can’t win if you refuse to lose.

Cutting your losses isn’t emotional. It’s not personal.

It’s math.

The best traders cut losses without flinching. Not because they’re robots, but because they’ve trained for it. Their systems handle it, so they don’t have to.

Here’s the part most people don’t want to hear:

The longer you wait to take a small loss, the more likely it becomes a ****ing huge one.

So ask yourself right now:

Where are you holding on, hoping?

And what would change if you let go?

This is trend following.

Thank you for this one, often I find I have to be reminded. I suspect it is some sort of macho “I’m right” thinking going on in my head.

N.Y.

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.

“Could I please get a copy of the presentation mentioned by sharing this receipt…”

Feedback in:

Hi Michael,

Please find attached the invoice for the above mentioned book. Could I please get a copy of the presentation mentioned by sharing this receipt?

Many thanks for your fantastic work! Simply amazing!

Viktor V.

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.

“I am just glad that there are people like you who tell it how it is…”

Feedback in:

Mike, I must say, thank you.

It has been a few years since I got your programs. Backtested a few things, and I am just glad that there are people like you who tell it how it is. Like your intro, unfiltered, raw. LOVE IT. Inspiring, so much so that I have now started to inspire others.

Thanks, mentor.

Keep it up. Know that there is someone here always reading and listening to your material.

Jonathan

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.

“Buy the dips, and hold on for the long term…”

Feedback in:

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?


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.