Category: Trend Following

Feedback in:

Hello Michael,

A couple of months ago I bought your flagship product. I decided to spend the money and take the plunge because Trend Following makes so much sense. I want to share with you a recent experience that has taught me why following the rules is so important.

I bought into a market that broke out. I somehow got confused about when to add an additional unit and so I added at [rule] instead of a [rule] or [rule]. Anyway, I bought more at [rule] and didn’t have any more money in my account to buy anymore units after that so I let it ride. It went up slowly and I was at a nice $1,100 gain. It decided to reverse and now my gain was around $500. I just came off of several [rule] losses and didn’t feel like losing again so I sold for around a $500 profit. I didn’t follow the rules, but at the time a profit felt good. About 2 days later the market started going up again. In 2 weeks since I sold it was up to what would have been a $3,000 gain. I keep this in the forefront of my mind as an example to ignore my feelings and follow the rules. Become a stone cold trader and follow the rules. The rules are for my good.

Since then I have another market that I bought into and it did the same thing. This time I held on because it wasn’t anywhere near a selling point, a [rule] loss or a [rule]. It’s up past a $2,400 gain and I’m letting it go until I get a signal to get out.

This makes me feel good that I finally found a method to make money in the markets.

Thank you so much for doing the research and sharing this.

Ken

Welcome!

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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 Wallaert, a behavioral psychologist who has led product design at organizations ranging from startups like Clover Health to industry leaders such as Microsoft. Whether dissecting the success behind Uber’s ridesharing service or Flamin’ Hot Cheetos, he underscores with clarity and humor how this approach can improve the way we work and live.

The topic is his book Start at the End: How to Build Products That Create Change.

In this episode of Trend Following Radio we discuss:

• Matt argues that the purpose of everything is behavior change. By starting with outcomes instead of processes, the most effective companies understand what people want to do and why they aren’t already doing it, then build products and services to bridge the gap.

Mentions & Resources:

• Matt Wallaert
• @mattwallaert

Listen to this episode:

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

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Feedback in:

Hi Michael,

I would be tempted to say that my biggest challenge is being unable to follow my trading plan. But not long ago I realized that in fact I am unable to put in the work necessary to be profitable in trading and the worst part in the whole picture, is that I put in the work but exactly that amount in order not to feel guilty of not doing anything. I know that it all depends on me… and I’m working on it. Thanks for the book Trend Following, it’s an amazing piece of information if one is able to understand it. Thanks also for all the podcasts, constantly getting great information from your episodes!

Best regards,
M.

Welcome!

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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 Mike,

Came across your book TF thru Ed Seykota website, read reviews and learned about turtle trader. Checked if your website is legit—that it’s really you then read around. thanks for the first video, been reading some so the video sounded more familiar. Will keep on reading and go through the 2nd stuff you sent, thanks again and plans to buy the turtle trader book on kindle. You don’t know how much I appreciate all your help, but I’m going to continue reading the stuff on your site and the ones you’re sending as well. I’m thinking of getting the flagship but later maybe, hope I’m doing it right.

Thanks again!

More feedback:

Hi Michael,

The greatest challenge so far in my trading career of 2 months has been information overload and impatience. I was a high school English teacher and principal for 18 years and then ran into some political challenges forcing me to leave the field. For the past year, I tried my hand at financial planning but dislike the sales aspect of the job and have been running low on funds and options. Just recently, I have begun trading a 10,000 account using stock pickers services from Jeff Bishop and Tom Gentile, but my entries and scouts are poor and I’m down 7000. I am really looking for a system and a mentor to help me truly learn the trading game, so that I can make 500,000 per year trading in order to create an amazing life for my 3 children and so that I may return to education by teaching young people of all backgrounds how to invest, trade and become wealthy as well. I would appreciate any guidance you have in helping me reach my goals. I’m really excited to hear from you, Michael!

Adam B.

For both readers start here: 1, 2, 3, 4, 5, 6, 7.

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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 I face is having a system to take out the emotional decisions. I consistently pick losers and joke that you better not have company xyz because I just bought and they will now go down. Too bad I didn’t short them.

This has lead to the biggest challenge I face now. I am paralyzed. Most of my investments are in cash on the side because I can’t decide how to invest. I keep reading different trading methods and so called expert opinions which only leads to more paralysis. I don’t like the idea of mutual funds or having others invest for me yet at this point it would be better than what I am doing now.

Your system makes sense to me. I came across it probably 6 months ago but didn’t follow up until now. I am ready to learn your system and stick with it.

Thank you for sharing your knowledge.

Regards,

Wayne

I can help when you are ready.

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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 Going Back to MIT 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.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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

Feedback in:

I’ve always had a Trend Trading bent but didn’t realize it until I read your TurtleTrader book and now Trend Following. I just wish I had the maturity to understand what you’ve been trying to say to me a few years ago.

More:

My name is [blank], I am a senior at Babson College and I am interning at a Private Equity firm for the summer. Investing in stocks has always been my passion and I am starting to get into it each day. The biggest challenge I have faced is basically not wanting to invest out of fear that I lack knowledge. I do not consider myself to be an “emotional” investor, rather my “fear” is a product of an intellectual understanding that I need to know more. I feel I need to fully understand and study all economic downturns in history to fully grasp and anticipate market behaviors. I would like your advice and your perspective–can this “fear” serve as motivation to further study the markets? I look forward to your answer and to your mini-course!

Why are you afraid to start?

Start here to fix that.

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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.