Category: Trend Following

Feedback in:

Michael, The first book I ever read on stocks was William J O’neil’s, “How to Make Money in stocks”. In his book he said that most people don’t achieve success in the markets for at least three years. Why? Because they break all the rules. Back then I was like, “No, not me, I want to make money…..” What foolish sentiment, to think I’d be any different from any one else, especially since I was the guy sitting in a six by nine for breaking all the rules. Years later when I started trading, not only did I break the rules for a time, I straight up abandoned them. After I blew up my account the first time I decided to take a break, I started a successful business with my wife. Once I had the management in place to focus again on what I realize is my passion (Nothing else has ever had me up at 3:45 am with a smile on my face) I began to look at my trading accounts again. Same hopes, same dreams, same mistakes. Until I read “Trading In The Zone” literally a month ago. Since then I have doubled my account. Still, at this phase in my trading career, I would say discipline has been my biggest challenge and remains my biggest hurdle to this day…..in other words, myself. Best Regards, Rob

More on the myself issue here.

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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
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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.

Feedback in:

The biggest challenge I have is handling the negativity from others on using technical analysis. The common opinion seems to be that it is useless. Do you have a good approach to convince people that it is a useful tool for successful investing.

What do you mean exactly by technical analysis? Who are you trying to convince and why? My book Trend Following will solve your issues.

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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 Extra Turtles with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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Feedback in:

Thanks Michael, my biggest challenge is letting my profit run!

What is your exact system and time frame?

I have been fundamental trader for the last 20 years and then put too much into one short term BOND trade last year and lost a lot… Now i am employing my tech analysis (waves, fibbo, bolli blah blah blah) experience with long term MA’s to spread my risk across many markets to slowly get a return. My trades last 2 to 10 days using tech analysis and tight stops. Looking more closely at trend following now to tighten and manage my stops and in particular let my profits run! Which is where I came across you.

Stop all of that.

Start here and here and here and here and here and here.

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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:

My biggest challenge with trading is the repeatability and consistently. Risk management is effective however I believe my system has me “scared” out of positions where I may be good at cutting losses quickly but letting winners run my system is clearly flawed.

It’s more than that. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS.

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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:

Hi Michael, the biggest challenge that I faced during trading is about the right time of exit. Most of the time either it’s early or it’s delayed.

It’s more than that. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

See my FAQS.

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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, loving your book Trend Trading 5th ed. I graduated Economics then MBA so, I have read a lot on economics and finance is one of my favourites. It’s perfect for me as I’m trying to learn to trade from home. I know the maths and the statistics but still I fall for a lot of the traps you mention. I can take a dummy account to millions or billions quite quickly, but as soon as real money is involved the behavioural psychology kicks in and I lose, every time, its driving me nuts. I’m predominantly trading US30. I especially like the quotes throughout the book, and I will certainly check out the podcasts.

Keep going. The adventure calls!

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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.