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“What is your biggest challenge you have faced with your Trading?” Over-scaling to grab the big win.
Josh C.
Your strategy and time frame now?
Thank you for the questions. For wife’s Vanguard IRA (10 years): Bob Brinker’s mutual funds 50stock/50bond. Stock side 80US, 20non-US. Bond fund durations of 0-5 years. My IRA, via Fidelity (10 years): Also 50/50, with 10% single stocks via Ferris’ Extreme Value portfolio, any issue bought once per week when price is equal to or more than -1% from prior day (buy low). My personal Robinhood portfolio (10 years): Brad Thomas’s REITs (mostly net lease, commercial mortgages, longer-term value approach, adding when prices are -1% or greater, 1 share max of each stock per week). Dave Lukas’s 12-Minute trading w/put credit spreads on high performing stocks, 4-6 months out, approx. 10%+ each; Speculating SPY movement over several months using Felix Frey’s Options Greek calculator; and VXX long puts on price strength. Scalp trading on observed, ganged day-performance of SPY, IWM, QQQ, & DIA – and Raging Bull’s SPY of the Day. Swing trading on NetPicks’ Overnight Pop Trades in those same 4 ETFs; Hilary Kramer’s 2-day trader (usually same, plus XLF etc.); Wyatt’s Earnings Season Trader for up to 2-week IV crush earnings report vertical credit spreads; and Thursday into Friday Finviz scanner for vertical credit spreads. My mother’s Robinhood portfolio (3 years): 10% REITs including Health Care & Gaming (not sectors I hold), balance in high dividend-paying blue chips, Business Dev Corp ETFs, and preferred ETFs. Abandoned: Matt Choi’s Calendar Predictives; Schaeffer: OpEx trades; Investor Place’s Technical Traders Alert; Profits Run: Rapid Income Engine; Forbes Premium Income Report buy-write strategies; Wyatt’s High Yield Trader: Leaps/Covered Call service.
Appreciatively,
Josh
That’s too much. Overkill. It looks like you needed a healthy dose of blunt. Start here and here for a trend following simplification.
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.
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My biggest challenge: To take profits, even partially. I always hope the price keeps increasing.
1. You need a system. Hope is not a system.
2. You need a system to take profits or not.
3. A trend following system is not typically about taking profits. If you are taking profits regularly how are you following trends?
4. My FAQs.
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 Michael, I hope all is well. My name is Nico P. I am a research analyst from Toronto Canada, with a masters of finance and pursuing my CFA and CMT designations. However, I am a huge fan of all your work, I have read all of your books and listen to your podcast religiously. I really appreciate all your work and efforts. I consider myself a trend follower in terms of my approach to trading and I really enjoy all the work that you do in promoting this philosophy, as I believe in it as passionately as you. I never thought to reach out, but I wanted to introduce myself and see what some of the best ways to increase my trend following trading approaches, whether it be learning to code trend following systems or books/courses that you believe would help me progress. Again, I thank you for all you’ve done and would love to connect with you to gain even more from all of your insights.
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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My biggest challenge as a trader is myself. I have unfortunately followed the trend of cutting profits too soon and letting my losses run. I recently discovered one of your audio books, and now I am totally sold on the trend trading concept. Trend trading really makes sense to me and I can’t think of any other system more equipped to turn a black swan into the goose that lays the golden eggs.
My FAQS and resources are good jumping off points too.
Right, but I have gone through your book and you provide not one speck of info on what to actually do. I then figured out that the promised video was the intro video which is only about selling your book and tools without one speck of info on whether to tell if you actually have a working system. It seems that all you are doing is selling your books and tutorials, but without any hint that you actually know how to make money. It’s easy to say I am wrong with no info on what is right. I am sorry I got so excited about what I thought was going to be some good information.
Both my TurtleTrader book and Trend Following book provide system examples.
I had an issue with my flip phone way back and my phone company said that if I switched to their better more expensive service and expensive phone that I would have a decent signal. Why would I want to pay more money if they couldn’t provide a good signal for a simple flip phone? so I switched to a different company which provided good service for flip phone, so I then upgraded my phone and service with the company which provided me with service and not just talk. I’ll find someone I can trust and then pick them.
If you had listen to my podcast you know full well I will call your criticism lazy whining. When you change your attitude the world will open.
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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My guest today is Jonathan E. Hillman, a senior fellow with the economics program at the Center for Strategic and International Studies, the director of the Reconnecting Asia Project, and the author of The Emperor’s New Road: China and the Project of the Century.
The topic is his book The Digital Silk Road: China’s Quest to Wire the World and Win the Future.
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I enjoy your podcast. I also listen to a couple of other trading related podcasts (Alpha Mind and Chat With Traders). They have had a couple of guests who have written books on those podcasts who i thought were interesting and their books were pretty good too. Brent Donnelly who has written a book called Alpha Trader (Probably the best book on trading i have ever read). Jared Tendler who has written a book called The Mental Game of Trading which is pretty good too. James A. King who has written a book called Accelerating Excellence. Also, see if you can get Alex Berenson on there to talk about his book Pandemia. I gather from your FB posts that you don’t believe the lies we have been being fed for 18 months now either. Berenson’s Twitter account (before he got banned) and not his Substack have been one of a few things keeping me sane whilst being surrounded by people who believe all the lies and are now shocked that printing massive amounts of money to prevent riots during lockdowns might lead to inflation. One of the trends I have noticed is that the people who believe all the lies are the ones who have lived inside the matrix all their lives in big corporations or the public service where group think was rewarded and challenging the narrative meant being cast out of the tribe for being a heretic. Since your audience will mostly be the opposite of that it might be a good fit for Berenson to sell books to.
Thanks.
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.