Category: Feedback

My video about Maria Bartiromo brought out some pleasant feedback:

You make accusations without any proof or examples. You are media and just as guilty as those you accuse. This is a hatchet piece without merit. You apparently have an audience that hates American, CNBC, and Maria. Glad I don’t have to live in your dung hole.

More!

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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.

From a reader:

Mr. Covel, I picked up a copy of your “The Complete TurtleTrader” and finished it in one sitting. Very nice book and you did a very thorough job in your research. Your book is an improvement over […]’s book. You did a nice and quick explanation of N, which […] failed to do in his seminars. I was thoroughly impressed when you mentioned Lucy Wyatt. Not too many people know of her involvement in the early stages of the Eckhardt-Dennis school of thought…You brought  up a lot of names from the MidAmerica Days. The person who was instrumental in Dennis’ (PDF) growth was a trader at the MidAm by the name of Harold Greenberg. Harold was a trend trader and it was he who always took out the positions that Dennis, Willis, Ware, and others who were panicked into selling. Harold would just go into the pit, and buy anything these boys sold to him, as long as it was a bull market. I always get a kick out of what Harold use to tell everyone: “I’ve been trading for over 30 years and I’ve been broke 29 of those years!” I would like to buy a copy of your book, autographed to me, “[…],” and whatever you can think of inscribing. How do I go about it? Thanks in advance. William […]

More.

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
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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.

I have had one poster for “Broke: The New American Dream” out for several months. Here are more:

Poster 1: low res and high res.
Poster 2: low res and high res.
Poster 3: low res and high res.
Poster 4: low res and high res.
Poster 5: low res and high res.
Poster 6: low res and high res.
Poster 7: low res and high res.
Poster 8: low res and high res.

These posters all have different top level quotations. I left the Hunter S. Thompson quotation in with the f-bomb, but I also included a sanitized version of it. If you want to review them download the low-res versions first. If you want to print a full color movie poster size use the high-res versions (13.9MG). Film packaging is underway and I hope to have the film available by month end!

Feedback in:

Dear Mr. Covel, Actually, from my investment perspective you have it exactly backward. As far as I am concerned, anything you buy in the hope of the price going up so you can sell at a higher price is speculation. The term ‘investment’ I reserve for those business that have a long-term proven history of very high rate dividends. Needless to say, I am an investor, not a speculator. It would make about as much sense to put your hard-earned retirement funds in a business such as a farm, and then depend for your retirement income every year to go and sell off little pieces of land. Your cash flow would not last very long at that rate. A business may have very good internal cash flow and price action, but if that has not historically been translated into a steady stream of dividends, it does the real value investor no good. One has to be very choosy in that even very profitable companies most often use their profits to expand, buy back stock, etc, rather than pay dividends. I have several base metal companies that pay around 20%, and a number of oil companies that pay from 12-16% The secret is to find companies that do not need to expand all the time because they have a huge resource, and a policy of high dividends. For myself, I happily buy the high dividend payers, and sit back and enjoy the income stream that does not diminish my capital as I spend the income. That is especially true as I am retired, and do not know how long I will need this income stream. That is my philosophy, and Mr. Buffet’s. Regards, Richard T.

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 came across the title of a recent paper taking a stab at trend traders [commonly referred to by the regulatory name of Commodity Trading Advisor]:

“Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors”

I have not seen the paper yet, but I did notice the author Geetesh Bhardwaj is of AIG Financial Products. Awesome, I can’t wait to hear what someone from AIG Financial Products, part of a firm that just took $150 billion of taxpayer dollars to stay afloat, has to say about a strategy (trend following) that actually makes money without the government propping it up.

Next.

I mentioned that my film poster designers had shaved a live sheep. Their video of the process:

Pictures: One, Two, Three, Four, Five, Six, Seven, Eight, Nine, Ten, Eleven

And for those concerned, let’s don’t forget that humans have sheared sheep for thousands of years. No animals were hurt in the process!