Category: Trend Following

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Michael, your episode of being on an island, and everyday a plane flies over and drops the closing price was the ‘Aha’ moment for me. In spite of my Mechanical Engineering education I will develop my own “entry trigger” criteria that a trend has materialized. Thanks again, John in Ohio

Welcome!

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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.

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Did you appreciate this honest great question? With your interview with Douglas Kenrick and David Lundberg-Kenrick, one asked at the end for your advice on getting exposure? Beautiful! Speed, slowly…

Not sure I understand. Clarify?

Sorry. I try to be so short. I simply meant someone new to the podcast game, etc., and wants to join, then why not ask someone who was basically there at the beginning. I listen to many types of podcasts, as for examples, doctors talking to doctors. With you, you have reached a point you can talk with people who would not give me the time of day. You use this well. If I was starting out, I would ask you, how can I reach those I want to reach? Most “great questions” are used as a substitute for “eh” and “ah.” I do not consider when asked about your favorite color, you answer, “What a great question….” Your guest asked an example of a great question. By the way, since I apparently am writing an article on podcasting, a great question to keep in the back of your mind is asking a guest, “Have I missed something you think is important?” One final point: Your previous podcast about the MacGuffin set off for me epiphanies to understand better what I read and I hear. I’ve notice when I listen to a podcast, I listen for the MacGuffin. Also, movies are more fun knowing to watch for this. Bottom line: Thank you for insightful podcasts.

Thanks!

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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.

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Please enjoy my monologue Understand the Game with Michael Covel on Trend Following Radio.

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I’m always open to learn new things and with over 25 years of trading experience and literally having tried hundreds of trading subscriptions by now, I think I’ve earned like two PhD’s in Trading IMHO, so that is why I signed up for your tutorial emails recently (I follow Tom Basso so I listened to your podcasts of when he was guest speaker, so I think I know a little about trend following as you call it), and yes, I have read about the TurtleTraders). So, ease up on me and give me more credit than you have.

Best,
Robert

I see blind spots in your prior emails:

1. Trend followers don’t talk about finding trends.
2. They don’t talk about or use seasonality.
3. 100s of trading subscriptions means a lot of errors — that’s great as long as you know it.

This isn’t personal. I would say the same to a family member.

1. You obviously have to find the trend/instrument that is trending before you can follow it, and I take it a step further and find the beginning (depending on how conservative or aggressive) of the trend when the move is the most momentum. I think this is the difference of semantics/terminology between you and me. Please clarify if you mean something different.
2. Oh well, I’m sorry “they” don’t, they are missing that edge that I have. Like I said, seasonality is just one of quite a few ways of following where the Big Money is moving, and I’m not going to teach it here.
3. No, that’s over 25 years, and I picked the best of the best and put only those in my concrete trading plan, so #3 is invalid pertaining to my trading.

Best,
Robert

Start here for clarity.

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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:

Michael, I’ve listened to about 25 of your podcasts. Love ’em! Some observations:

i) Your speaking pace is outstanding! You’ve mastered, “If you think you’re talking too slow, you’re right where you need to be.” Keep up the great monologues and interviews.
ii) Taleb had an excellent observation on violence in that throughout the ages most rulers did not die of natural causes.
iii) The [man] helping with lights/studio exhibited the great understanding that the simplest of things are the most substantive things (Christ washed feet).
iv) Young men need to be trained in fighting (Krav Maga, etc). It creates confidence which breeds calmness; “The meek shall inherit the earth” really means “Those with a big sword keep it in its scabbard.” It’s all in the vein of the virtuous keep their evil/violence in check.

I would love to see you interview Tom Sosnoff, creator of TastyTrade which is based in Chicago (GMT-5).

Keep up the great work!
John in Ohio

Thanks!

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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:

Mike, Listening to a recent podcast of yours, reminding us of timeless. It made me chuckle. I have been listening to your podcasts for years. I’m not a spring chicken and came across your books many years ago. I spent hours and hours making my own system. I collected the data and back tested as best I could using excel. I traded it live for a while, when one day I accidentally overlapped my system with a Donchian channel on the same screen. It was then I realized that my system was almost identical to Donchian. I then realized that TF is timeless. I also realized that all my work had been done already. It was then I decided to close my system down and find the traders that I wanted to use. I had an idea who I would like, but figured I would research it before jumping in. Your book on Tom Basso cemented who I would be putting most of my funds with. I enjoy all the work that you do. Hell I am not sure why I started this ramble, other than to say thanks. So thanks!

Chris C.

Thanks!

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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:

Mike, In short, I was reviewing charts to get an idea of when trends were ending and beginning. I just keep listening to your book looking for the “GEM”. I think it is right in my face, I just don’t believe it is that obvious. What I have come up with is “Enter when the trend begins, exit when the trend ends”. My challenge now is identifying the trend which I heard in your book is hard to do until you are in it. Nevertheless, this is actually perfect timing as I don’t think day trading is sustainable in my current role at my job. Besides, day trading options has just been one big roller coaster ride down. I think I want to setup an automated system to trade futures, but I need to better define the parameters. Below is my plan for doing this:

Done:

• Identify beginning and end of trend
• Shrimp curling pattern up or down
• Increase in volume
• Trendline break

To do:

• Create some type of alert system to inform you of equities or futures that are beginning or ending a trend
• 10 ema X 30 ema crossover (up or down on the daily)
• Monthly trendline break with a close
• Daily candle break below the 50 ema
• Bearish engulfing, bullish engulfing, hammer or shooting star with volume on the weekly chart
• Review seykota.com page for possible insights

Needs further clarification:

• Automated trading
• How to code for entries and exits
• How to back test strategy
• How to automate trades in various markets
• Small losses are emphasized on, but how do you distinguish a small loss from a drawdown

J. S.

Stop all of this. It’s not trend following. It’s the kitchen sink.

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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.