Category: Trend Following

Feedback in:

Hi Michael,

Thanks for your email.

A short intro of myself. I’m a 40 year old guy from Singapore and just started on this exciting journey of trading. I came across ‘The Complete TurtleTrader‘ book you wrote. That’s how I got to know you.

I’m currently trading mostly US and SG market.

My greatest challenge right now would be I’m not too sure how to identify the market that is trending right now.

I mean is it purely random, the market that we choose? Then we monitor it, and we place our trade once we identify that there is a trend. Or is there a better method?

Hope my reply is not too long winded.

Looking forward to hearing from you.

Best regards,
Zachary

Some jumping off points: 1, 2, 3, 4.

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Feedback in:

Dear Michael,

Greeting from PA, 18615. We are on the Susquehanna.

I’m 73 years young. We retired sold our home to live the rest of our lives up here in god’s country. I’ve never been happier in my life. People are wonderful, slower pace and not as expensive as mainline Philadelphia. I’m a student of the market. Have all your books, movie, etc. Listen to all podcasts. Have promoted you whenever I can. You have become part of my life. Your work has been so inspirational to me and others. Keep up the great work. Keep up the great work. Good trading.

Respectfully,
Bob S.

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
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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:

So many idiots seem to think 65% winning trades never vary from 2 to 1. Well look I’ve had 5 losers out 10, this doesn’t work. Yeah it’s probably “different this time too” Janet Yellen said so.

Have your book, haven’t read much of it yet but will. Read some on your website, Youtubes etc. All have been good, no BS. Discipline is most people’s problem that I see. Over trade/fear myself included. Gray hair has stopped a lot of foolishness or maybe the foolishness gave me gray hair. Energy been hard to trade with politics lately but most markets behaving. Grains never seem to trend well for me spend too long consolidating. Like to stay in continuously long or short, been hard to do with grains so seldom trade them.

Good Luck with your endeavors.

Ken H.

Thanks, but I might suggest tightening up that system. Loose sounding. Even more food for thought.

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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 I Love This Podcast with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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

Feedback in:

I enjoy reading your emails, although, we do have different trading styles. I appreciate the ideas and strategies of your emails. I remember when my system was still in it’s early development stages, 89-90, I entertained the idea of being a Commodities Trading Advisor. I worked with a gentleman who at the time had a brokerage firm in Miami Florida called [name] Trading. His first name was Richard. He was Reagan’s advisor in metals. At one time, and I was schooled on all types of trading (tricks), perks I will call them, but in time became valuable to me. Why I like day trading verses trend or (swing point) trading? I enter my position at or shortly after the open, make my target profit, then out, work day usually done by noon [disagree strongly] or shortly there after. Since I already know what to expect, it’s easy stress free trading. No waiting and having to go through the emotional roller coaster that comes with it, as you watch the markets up and down movements. I know you know what I am talking about. Anyway, soon as I can, I will start showing you. Happy Trading my friend.

Swing trading? Day trading? Not recommended.

Thanks for the note, but that path is anything but clear! A good start.

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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:

What I am missing mostly is unnecessary risk. Mostly the risk is something I like to see missing muster. I crush risk. Have no tolerance for unnecessary risk when possible. I’m arrogant about dismissing risk whenever possible.

I never do acrobatics without a parachute for example. Never fly acro below 1000 feet continuing with the aviation thought. I continue to fly like an eagle inverted or upright with managed or no risk. Expand the joy and push risk aside. If you are a being you are already so far ahead on the scoreboard nothing else will ever come close. Road following comes natural if y don’t over think it. I like to think of a trend like a road that is going where I want to go. In flying or driving its IFR (I Follow Roads) or I follow my headlights to get where I want to go. Sometimes I find a short cut and take the drama filled longer scenic route.

Sometimes the cost of operation is thought of as risk. It’s not. Every business has a cost of the production of outcome. If you are without cost of production it’s likely you are sitting in your vault counting past revenue. You won’t know the cost or benefit of vault time until you come out. It’s called buy and hold. Often an excellent strategy because humans tend to like producing over failing. Long is usually more popular than short because it’s so natural.

Mike thanks for all your great input.

Don B.

Thanks Don, but you are causing me to think too much! More on the psych side of it 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.

Subscribe to Trend Following Radio on iTunes

My guest today is Nick Radge. He began trading in 1985. During a stint working for an investment bank in Singapore Nick dedicated his evenings testing trading strategies; 2 hours a day for 18 months, a total of at least 750 hours. Nick’s first book, Every-Day Traders, was written to identify the traits of successful traders. What do successful traders do that is different to other traders? In Adaptive Analysis for Australian Stocks, Nick shows his readers how to use price action to make the most of their winning trades and, often more importantly, to quickly recognize a losing trade and exit their position. In Unholy Grails–A New Road to Wealth, Radge outlines simple strategies to make money during uptrends and how to defend capital when the markets turn down. Nick is a Director at The Chartist, a stock market advisory service based in Queensland, Australia.

The topic is trading.

In this episode of Trend Following Radio we discuss:

• High quality share market trading signals, charts, commentary, insights and education.

Mentions & Resources:

• Nick Radge
• @thechartist

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!