Category: Trend Following

Feedback in:

The first thing I wish to say is that I really appreciate that you do read all of your email. What I didn’t expect was such a prompt personal response, thank you for that.

My name is Mark [name], I found your excellent trend following Las Vegas presentation on the [name]. My last blunder was about four years ago when I subscribed to an (expensive) options trading service named [name]. The marketing was very good and the back test looked spot on. So I jumped in with both feet. I quit using that after losing hundreds of thousands of dollars. I had to much faith in this outfit and made big bets, I paid for that error in judgement.

Thanks for your very valuable time, Mark

More feedback:

Hey Michael,

I’m sure you receive a lot of correspondence with regards to your amazing work so you may not remember me. I joined the trend following course in April and can honestly say the short time it had taken me to study and grasp will be the most impactful set of rules, not only from a trading aspect, but towards life in general. I’m still amazed that trend following doesn’t get the respect it deserves because once you see it you can’t unsee it. Over the last 5 months I’ve had approx 150 trades. What those markets were I couldn’t tell you as the stock, commodity or currency doesn’t concern me as long as in my portfolio I get a signal to buy/sell I have the rules in place to pull the trigger. Out of those 150 trades only twice have been able to place the 5 units on and then wait for a break of the 20 MA. Do I wish the trend moved for longer than it did? Of course but I just take what the market gives me. Do I wish I didn’t have as many losing trades? Not really because I’ve measured volatility and feel in control of the only aspect I can control and that’s my losses. How do I cope with seeing my equity at one point almost reach 60% return to slowly over weeks dwindle back down? If the mindset is to watch a lot of profits disappear more often than not then that’s what I’m prepared to do in order to catch the next trend. I never feel tempted in the slightest as it’s the game we are playing, I put it out of sight out of mind and the best way to make money over the years will be to follow the system, sit on my hands and take what it gives. Thank you for everything and also the great content on the podcast that for me personally is truly life changing not just for me but for generations to come.

Thank you.

More feedback:

In a firm of about 800 advisors, I seem to be the only one still who uses Momentum. The rest sell MPT, just like all the Big Five Bank (Canada) brokers. I used to be one of them. My Branch Compliance Manager, although supportive of my Trading, emphatically says “I don’t want to learn anything new”, just like the rest of the Branch.

Thanks for all of the feedback!

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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 What’s Old Is New with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

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

Covel: What is your biggest challenge you have faced with your Trading?

Reader: I think it would be trying to time the market and not doing any research. I see guessing on trends and trying to make patterns our of it. Not sure if I should be trading at all, maybe stick to passive index funds.

Covel: Trend following solves your issues. Also read up on passive indexing.

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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

My guest today is Paul Tough, the author, most recently, of The Inequality Machine: How College Divides Us (previously titled The Years That Matter Most). His three previous books include How Children Succeed: Grit, Curiosity, and the Hidden Power of Character, which was translated into 27 languages and spent more than a year on the New York Times hardcover and paperback best-seller lists. Paul is a contributing writer to the New York Times Magazine; his writing has also appeared in the New Yorker, the Atlantic, GQ, and Esquire, and on the op-ed page of the New York Times. He is a speaker on topics including education, parenting, equity, and student success. He has worked as an editor at the New York Times Magazine and Harper’s Magazine and as a reporter and producer for the public-radio program “This American Life.” He was the founding editor of Open Letters, an online magazine.

The topic is his book The Years That Matter Most.

In this episode of Trend Following Radio we discuss:

• With insight, humor, and passion, Paul Tough takes readers on a journey from Ivy League seminar rooms to community college welding shops, from giant public flagship universities to tiny experimental storefront colleges. Whether you are facing your own decision about college or simply care about the American promise of social mobility, The Years That Matter Most will change the way you think—not just about higher education, but about the nation itself.

Mentions & Resources:

• Paul Tough
• @paultough

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,

I have not done my due diligence in expressing how much your trend trading course, books and, most importantly, podcast have impacted my life. Over the past two years I have obsessively listened to your podcasts, and I continue to work my way through your trend following course with a large dose of humility and a dash of success. Your podcast has impacted me the most because of your relentless focus on trading not as isolated content, but as a contextualized competency. I have been in the field of school transformation for almost 20 years – trying to cure the woes you accurately describe with formal education driving mindless content acquisition instead of authentic, purposeful, experiential learning – and your insight into the importance of trading as a competency is refreshing. You not only teach me the fundamentals of trading, you teach me how to be a trader, to think like a trader, to perform like a trader. That does not mean I simply need to become familiar with market terminology or learn the procedures outlined in the course. It means I need to instill in myself all of the strengths that experts discuss on your podcast – discipline, psychology, dealing with loss, overcoming adversity, getting enough sleep, focusing on the ‘now’…the list is endless. As my fellow die-hard Patriots fan know, being the greatest quarterback of all time does not mean simply having the most accurate throw or the fastest arm. Rather, it comes from embracing a holistic lifestyle focused on every aspect of performance including kinesiology, nutrition, mechanics, mental preparedness, game strategy, self-reflection, and others. You have embraced that same holistic, Brady-esque approach in your teaching which will not only make me a great trader, it will continue to positively impact all areas of my personal and professional life. For that, I am truly grateful.

Keep inspiring.

[Name]

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:

Good Afternoon Michael,

I just finished reading Trend Following and enjoy your podcast. Turns out you were right. Trend following is the scapegoat during market swings. (But I still believe). This Bloomberg article about CTAs popped up on my apple news feed today:

Everything that worked in global markets in 2019 suddenly doesn’t. –Bloomberg

Go long the dollar, Treasuries and defensive stocks. Sell metals and the pound. It was an investing playbook that worked virtually all year — until suddenly it didn’t. Read the full story.

Thanks for all the hard work and keep fighting the good fight!!

Very Respectfully,
Hunter

Quite funny.

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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.

A lady reader who spent time in prison wrote me. Our chat:

READER: Your book was the favorite of all the inmates. There must have been 50 copies. One person decided to hold a class on the book and then more orders came about. People were borrowing it from each other. Some people were mad because others got released and stole them from the library. It was crazy. I just sat back and laughed. I only told certain close friends. Yeah, I know of that guy.

ME: You might have to fill in the blanks here? You had to spend some time in the big house [prison]? And people there were reading my books? Can you name facility? Interesting story.

READER: Yeah, they went nuts for your book. There were several copies in the library till people stole them. You are a rock star!

ME: So which book of mine did well [there]?

READER: The yellow one [TurtleTrader]. That same one. Everyone had it.

ME: Everyone? Lol. That sounds like an exaggeration!

READER: I mean when I would walk in someone’s room it was there. I had a few people that came up to me to read it, “Here you want to read something really good?” I’d laugh. There were 200+ women and about 50 of them had it.

ME: I will probably post a note about this without naming you or the prison.

READER: You should.

ME: Why do they like it?

READER: They all want to trade instead of dealing drugs. Half are drug dealers. They can’t do that anymore. They are used to big money. Few million a year some of them. So they think they will trade when they get out. They study that book [TurtleTrader] like lunatics. The feds confiscate their drug money, they pay millions in attorneys and whatever they have left…they decide to study the market. Your book is the only one chosen. I don’t know why that is because there are a lot of books out there. But they rave about it and recommend it to others in there.

ME: If I had an address and knew it would go to the ladies to hand out…I will send some more copies.

READER: I’ll give you the number and info.

ME: Tell exactly how to label package?

READER: People always leave and say I’ll write. And they never do. Those people [in prison] will be happy to get your book. That’s very kind of you

ME: Sent each 3x copies.

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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.