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Please enjoy my monologue A Wish with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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I would say this is my biggest challenge.
I haven’t found the strategy that best fit my personality and border restrictions.
How do you fit a strategy to a personality? Impossible. That assumes there is a way to measure your personality and then some group of strategies to pick from to match to said personality.
Right! Michael, Your questions and comments reminded me my first encounter with my NLP coach when I was in my 30’s. On those days, I believed that learning English was not for me that it was difficult. I had a limited belief. Now Chilean and Canadian I know that was a life changing moment. Hei, I’m finishing to listen your “trend following” book. It was quite surprising to hear in your book about NLP. I found you after listening one of your podcast with Mark Minervini. Thanks for your work and your podcasts. I’m currently, in the evening, reading the Q&A of your flagship program. Hope you are safe and enjoying your stay in the east side of this small planet. All the best
Sincerely, Omar
Keep going. Keep diving 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.
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Hello Mr. Covel,
I really appreciate the emails I have received so far, since they have answered many of my questions. I would also like to take advantage of the 20% discount in order to sign up to your flagship program, as it looks like great value.
Before I do that, I would like to let you know where I currently stand and my state of mind, and get your opinion on how should I proceed.
I have been learning about trading for a long time but have not found a replicable method that is backed by data and actual real life examples until I read your Turtle book.
As an engineer and an MBA, I am fully versed in System Dynamics, Statistics and Finance. Because of this, I fully understand the reason of why trend following works and the discipline that it requires for it to work. I am also aware that:
- Learning this method will require a lot of practice and a seed investment, both to get right tools and to invest.
- It will be a lot of dedicated work but I am willing to put in the time to learn and stick to the method.
- I am not looking for a get rich quick solution but to grow my wealth over a long period of time.
- My horizon is long term growth over a period of 25 years.
- I would like to get small but consistent returns month over month.
- I understand that draw downs are part of the process and I am not afraid of them
Can you please answer the following questions for me:
- What is the minimum required investment to start trading (seed money)?
- Are there any additional costs required for trading tools?
- I was planning to finish your your Trend Trading book first (I am in chapter 5 now) before proceeding to buy the Flagship program. Do you recommend to finish the book first or to proceed directly into the training and why?
I thank you for your time to read my email and answer my questions.
I hope to hear back from you soon.
Henry
Good questions. Answers:
1. Capital.
2. You need price data to trade.
3. Finish the Trend Following book first.
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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Mike, just finished episode 999. No bullshit, but this is the best podcast on the planet. Absolutely fucking brilliant.
That episode you mean?
That episode made me chuckle. But no, the entire series of podcasts. The range of topics, the no BS honesty, the incredible guests, the humor, the insights. Fucking world class.
Maybe I swear too much…
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:
I’m using Charles Schwab, Robinhood and a few other things and mostly self directed. I’m now wanting to understand Crypto and the new NFT world.
You have a broker. You know what you want to trade. But you have no strategy yet?
I’m 57 years old. I’m a previous 15 year veteran actor and business owner both of which were financial struggles…..On a plan to pay off some debt over the next 4 years. I have two kids in college that I’m paying for. I have a $1000 in a Roth and $1000 in reg IRA. I have $1500 in a Farm-a-Field investment with Cattle (which is of great interest to me). I have a very small Robinhood account, a small brokerage account at Schwab and a small CoinBase account. I work for an ESOP co in the Truck Trailer Auction Business and have $100,000 ish in stock that I can’t touch and has a five year payout at retirement. My wife and I keep our assets separate for now (second marriages) we own our home and she has about $85,000 in retirement accounts. I’m at a point in my life where my main focus is getting debt free BUT I also can through a little money at investments for the future. I don’t want to miss opportunity in the Bitcoin, NFT, and other type risky investments while I’m watching others make huge profits. My interest area’s are Livestock, Agriculture, Ranching, Trucking, Auctions, Real Estate, Farming, Traveling, Boating, Photography, Investing and trying to find platforms I understand or at least have interest in it with my investments.
I live in Charlotte, NC
A great friend of mine turned me on to your stuff.
Thanks
Fred
A good starting spot. 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.
Subscribe to Trend Following Radio on iTunes
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Hi Michael,
Thank you for reading my mail. Came across your podcast, and thought this is where I can pick up again. To put it bluntly, my biggest challenge is I have no idea what I am doing after 3 months. I started trading 3 months back. As others have said it, beginner’s luck. I managed to make few hundred bucks daily, “following trend”. I thought trading was easy. I thought I saw pattern in CEI, buying long, and selling. There were some consistency in the way market moved in late Sep for a few days, until I found out that was just luck being kind. Tried to pick myself up from tips in the media. Switched between PROG, PHUN and then some more. Found myself trailing further. In short, I learnt I am practising bad trading. Probably did not set myself up proper at the start, and do not have a system in trading. Current plan is to save up, and hopefully, come back in a year or two, lessons learnt. Once again, thank you for your time, and I am grateful for the training video. I will make full use of it. Appreciated. Have a great holiday and may it bring you and your family loads of blessings, love, joy and warmth.
Best regards
Jerry
Thanks. Grab one of my books and dive in deep.
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.