Category: Trend Following

Feedback in:

I use the weekly chart to define the trend. And entry on the daily or 8-hour time frame.
Price action patterns (hammer, bullish/bearish engulfing candles at support and resistance, 50MA, trend line).

My biggest challenge was finding a strategy that fits my personality. I was jumping from one strategy to another. I was more of an impulsive trader. I know I was missing something until I found out what Trend Following is and price actions patterns.

I started 7 years ago with a $2000 account and still have the same account with 40% draw down. Did not blow up my account for 7 years.

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I would stop all of that. It’s not valid. It’s not trend following. Start below with my links.

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.

Subscribe to Trend Following Radio on iTunes

My guest today is Steve Burns, the author of seventeen books about the stock market. He is one of Amazon’s top reviewers for books about trading and investing having read and reviewed several hundred books. He has been interviewed for the Wall Street Journal blog, Trader’s Magazine and Chat with Traders. He has also been a contributor to Trader’s Planet, Trader’s Magazine and SeeitMarket.com. He lives in Nashville, TN with his wife and business partner, Holly, a Boston Terrier, Chihuahua, and a cat.

The topic is Trading.

In this episode of Trend Following Radio we discuss:

• ‘Trading is life and life is trading’
• Trading principles
• Capitalism and business
• Political gains
• Systematic trading

Mentions & Resources:

• Steve Burns on Twitter
• Ayn Rand
• Milton Friedman
• Warren Buffett
• Jim Rogers
• Martin Schwartz
• Jim Simmons
• Charlie Munger

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Hi Michael,

For me, my mindset has been changed in most ways. I have been looking into other trading methods such as day trading and swing trading but trend following by far makes the most sense. I’m no longer looking for that “quick buck” like I was before with day and swing trading, but real longer-term wealth that can be acquired with trend following.

I’ve also recently finished Trend Following Masters Volume 1 on Audible and it was so reassuring and motivating hearing those great traders talk so highly about trend following.

Thanks for what you do.

Ian S.

Welcome!

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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.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Know the Rule with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

Hi Michael,

Just a thank you for interviewing Kuppy a while back. One of the few podcasts I gave a relisten straight away.

As fascinating as he is, his latest Twitter bagging out TF in the light of your interview I find strange. I am aware as much as I like that philosophy of, by his own blurb, “allocations to event-driven special situations”, which reminds me of Soros style a lot, like his “hurricane-omics”, I recognize he is a whale who if he wants to get large positions it is not as easy as the likes of small fry like me, to not change the market with a trade. I get that.

I also get that he doesn’t seem to understand TF methods either. I am guessing that, eg he speaks of uranium, that TFs may have gotten in sometime after the Dec 26 dip, or early May, and he is assuming the TFs are only getting in on the higher breakout.

No great reply requested or necessary.

So many questions for you. I can’t wait to jump in, all in good time. But when I do, I will strive to be a good student.

Trend following is trend following. It is what it is. Not everyone is one.

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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.

Feedback in:

Great video man! You sent me a copy of The Complete TurtleTrader back in April and it was the wake-up call I needed to get back to following the rules. With that said I am currently riding the NASDAQ trend since May 1 and am currently up over 33% in TQQQ.

The stop-loss rules have kept me in the trade when my weak ass was wanting to sell. It came within a couple of cents of my stop, but then ripped back up the following day and hasn’t looked back since.

I’m not sure when the party will end, but with the rules you have taught me, I don’t care anymore. This position will end up no worse than breaking even at the current stop and the new trailing stop (20-day low) is about to insert itself as the new floor any day now.

Thanks again, Michael!

Les

Welcome!

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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.

Feedback in:

Hello, Michael.

How are things going?

I’m a former portfolio manager and currently work as a financial advisor in Brazil. I initially came across the “trend following philosophy” through Dr. Alexander Elder’s book, “Trading for a Living.” Since then, I have been following your podcast and I would greatly appreciate it if you could provide me with the necessary steps to delve deeper into this approach. Could you kindly send them to me?

Thank you and best regards,
Andre F.

Sent!

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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.