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Category: Feedback

Yoga, Podcasts and Trend Following

Posted on by Michael Covel

Feedback in:

Michael,

I am the guy who was a member years ago, then recently renewed. I was hounding you in regards to the TradeStation systems that you built. I was also the guy who has been doing yoga, but only with YouTube videos. I used the funds that I won from the super bowl boxes for private lessons at a studio. It was fantastic. My practice grew exponentially. Unfortunately Spring Break with the family came right after the private lessons and I have regressed. I started up again recently, but again only at home. The studio that I like has classes that do not match with my schedule at this time. I enjoy yoga, but my practice is not where I would like. I will need to change my schedule to get my practice to grow. As far as trading goes. I have been watching my portfolio of symbols using a charting software. I haven’t been able to get involved with Trade Station. My wife and I have been having some life changing discussions about our finances. She is starting to come round to understand Trend Following, but so far I haven’t been a good salesmen. I have been listening to your podcasts, and love them. I hadn’t used my phone to listen to them before and now I can’t wait for my commute! I look forward to seeing the notification that you have a new podcast available. I finally figured out how to download older episodes so I will have days of the podcast to listen to. Have you ever had Josh Brown on? One of the podcast that I recently listened to you read an article of Josh’s that was fantastic. It was about everyone being a technical trader. If you haven’t had him on, that would be one for the not miss category. I also loved the stuff that you have done recently with basketball. The part about the Celtics coach and the audio of Gregg Popovich was filled with some great nuggets. I guess this is a long (very long) winded way of saying thanks. I appreciate all the material that you have out there for your students and for all. Someday I will pull the trigger for the TS code. I see that as my only way because of my business.

Thanks again,
[Name]

Thanks.

Josh is a busy guy, but he knows I welcome him any time.

Do Yoga
Do Yoga

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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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.

Mike Lofgren and The Deep State Podcast Feedback

Posted on by Michael Covel

Trend Following Radio feedback:

Hi Michael,

I finished up listening to your podcast with Mike Lofgren on “The Deep State” and felt the urge to just thank you for a very interesting, informative, provocative, but essential discussion. Ironically, the issues you discussed are standard dinner table topics for me and my family (I’d consider ourselves different from the norm in a good way). Unfortunately, today’s farrago of reality TV shows, sports, and social issues have become red herrings to the more important topics. Why discuss the vexing and complicated issues when we can just talk about the Kardashians or whether bathrooms should be genderless?… At any rate, look forward to more discussions on your podcast.

PS: I have also been working in investments for a couple years but would could consider myself a “new” trader. At the end of your podcast you mentioned you’d send some trend following steps. I currently use a nuanced Tom Demark Indicator system, but I’m always open to learning something new.

Thanks again,
[Name]

Thanks!

The Deep State
The Deep State

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.

Ed Seykota Trend Following Wisdom

Posted on by Michael Covel

Some perspective from Ed Seykota taken from “Trend Following”:

The following story passed along from an associate is “pure Seykota”:

“I attended a day-long seminar in February 1995 in Toronto, Canada where Seykota was one of the guest speakers. The WHOLE audience peppered Seykota with questions like: Do you like gold, where do you think the Canadian $ is headed, how do you know when there is a top, how do you know when the trend is up etc.? To each of these, he replied: ‘I like gold—it’s shiny, pretty—makes nice jewelry’ or ‘I have no idea where the Canadian dollar is headed or the trend is up when price is moving up, etc.’ His replies were simple, straight-forward answers to the questions asked of him. Later, I learned through the event organizer that a large majority of the audience (who paid good money, presumably to learn the ‘secrets’ of trading from a market wizard) were not impressed. Many felt they had wasted their time and money listening to Seykota. Seykota’s message couldn’t be clearer to anyone who cared to listen. The answers were found in the very questions each person asked. Don’t ask, ‘How do you know the trend is moving up?’ Instead, ask, ‘What is going to tell me the trend is up?’ Not, ‘What do you think of gold?’ Instead, ask, ‘Am I correctly trading gold?’ Seykota’s answers effectively placed everyone in front of a huge mirror, reflecting their trading self back at them. If you don’t even know the question to ask about trading, much less the answers, get out of the business and spend your life doing something you enjoy.”

How would you have reacted to Seykota’s speech? Walk out or be curious? Think about it.

Feedback in:

I wanted to reach out and thank you for the books you have written. I will admit I’ve read them all from obtaining them through the library system, but I now believe I will buy them as resources to reference. The “Trend Following” philosophy clicked immediately with me and listening to your podcast has really enlightened my mind considering I’ve been typically listening to Motley Fool for my job as a Financial Analyst. In a short period of time I feel I can see through the garbage that is filling those podcasts. I still listen to keep up with my CFO, but feel as if I’m a lone wolf at work with a strategy that none of them could ever understand. Within weeks of reading on Ed Seykota I have already programmed an entire Google Doc to automate my buy/sell/risk/data pull just by typing a ticker for what I want to trade. Kudos to you for following this path and providing the knowledge to us for consumption. I hope to continue to follow your path as you continue. If you are ever in Colorado feel free to check-in with me and see whether I’ve hit life changing levels yet.

Thanks again,
[Name]

Thanks!

Ed Seykota Larry Hite

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.

Expensive Lessons, But Wiser for the Experience

Posted on by Michael Covel

Feedback in:

Hi Michael,

Almost finished your “Trend Following” and noticed there are…[some] people having negative issues with trend following. Well, I can tell them something…

In 2006 I started with 20,000 USD, no trading training and I [took training]. The key here is that I had no trading education. In Oct 2008 I made 300,000 USD and after 7 years of trend following I turned the initial 20,000 into almost 800,000. I then thought I know how to trade and started day trading and then (as many traders before me) lost everything. I [then] came to the conclusion that I knew nothing about trading… expensive lesson for me, but I knew what was possible [with trend following].

I have for the past year gone through an extensive training process [books and a course with (name)]. I still get the [name] data every day and will soon start again. Obviously I know a lot more than before, but the important thing is that I could turn 20,000 into almost 800,000 (drawdowns, etc. included) and I made money on ONLY 35% of my trades, that is without ANY formal trading knowledge, just following the trend.

So, no one [will] tell me trend following does not work, is dead, or anything else. It is alive and well and will be forever.

Just a private experience I would like to share.

Kind regards,
[Name]

Thanks!

Up and Down
Up and Down

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.

Human Behavior Pros on Michael Covel Podcast

Posted on by Michael Covel
Great Behavioral Minds
Great Behavioral Minds

Here is an easy way to dig into so many of the psychology pros that have appeared on my podcast.

It will only take you around 30 hours to listen to all.

What else are you going to do? Watch that Kardashian show?

This is 30 hours of podcast episodes that will change your life.

Dig 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.

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.

“Make Art, Life is Short…”

Posted on by Michael Covel
Make Art
Make Art

Feedback in:

Michael,

I just wanted to give you my feedback. I truly love the content of the podcast, it has strengthened my trading skills and allowed me research profitable trading strategies.

I have read all your books and I am a big fan of your work. Something you said in one of your recent podcasts was “make art, because life is short” and this really resonated with me. I want to build something special and I that is my current focus. How can I make a bigger impact on the world.

Anyway, my feedback is that while the content is great sometimes the interviewees are difficult to hear. I’m not sure if it is because you are using a Skype recorder or if you have another tool. Other podcasts are more crisp and easy to listen too.

I don’t know if a mixer would help but I wanted to at least let you know my thoughts. I appreciate your work and I’m not trying to be critical just providing feedback.

Hope all is well.
[Name]

Thanks!

My voice is easy to control. We keep that audio consistent. Unfortunately, guests can be problematic due to their microphone and or Skype connection.

Unfortunately, people are not clued in to worry about sound yet.

Do I turn away interviews with Nobel Prize winners cause of not perfect sound?

Not yet!

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.

Drawdowns, Human Emotion and Wanting to Know

Posted on by Michael Covel

Feedback in:

Hi Michael,

I really enjoy your podcast and thank you for doing it. You are spot on and have added a lot of value to my thinking and challenged limiting mindsets I wasn’t even aware I had.

It would be really helpful if you talked about drawdowns and your “process” for getting through them and overcoming the standard human emotions they generate. Assuming someone is doing everything perfectly in their trend following execution (proper position sizing, diversified, ignoring the news, not looking at charts, using risk capital, etc.), do you have a process for getting through a drawdown when time marches on so slowly and our impulses are now now now?

Let’s say you believe trend following works how do you keep yourself sane and unemotional during difficult stretches. Do you have a process you use?

Thank you!

Kind Regards,
[Name]

Have you listened to all of my Basso, Faulkner and Seykota podcast episodes?

All of the psych pros across my podcast, i.e. Odean, Kahneman, Statman, Ariely, etc.? That’s just a few.

Literally dozens there.

My books?

No secrets.

Note: For those that want even more hands on instruction.

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.