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Category: Trend Following

“I signed up to your website… and would ideally like to sharpen my focus.”

Posted on by Michael Covel

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Hi Michael.

Thank you for your website.

I think I must have purchased 3 copies of your book Trend Following, over the years, but whenever we moved house they somehow got misplaced.

I run a small Hedge fund, and have been trading Fx options since 1997. Been reading up on Ed Seykota & the Turtles for as long as I can remember, but always used Market profile for my intra-day hedging of my options portfolios, when working at my previous employers (i.e. investment banks).

I run a Fx Volatility fund, but I am never delta neutral, as I look to benefit from trends and try to position accordingly.

Example – I am currently long USDJPY, and have written USD PUTS, to pick up the volatility premium and also run the delta as well as buying USD ag JPY to create a clearly long USD view.

Reasons for writing the PUTS, is that it allows me to pick up theta, even when the market move sideways.

I signed up to your website, as I feel that working in a bank has taken away my focus on trend following, and would ideally like to sharpen my focus and also learn about more/”NEW” ideas to identify trends etc.

Your thoughts and insights will be greatly appreciated.

NB: I use 20 day Donchians breakout with + Joe Di Napolis 25×5 SMA as a Filter, as well as the parabolic PSAR to exit trades .

Kind regards,

[Name]

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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.

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• Frequently Asked Questions
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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.

New Podcast Navigation, Search and Listening

Posted on by Michael Covel

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That should make it much easier!

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.

Ep. 602: Mike Salguero Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Mike Salguero
Mike Salguero

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My guest today is Mike Salguero, a serial entrepreneur. His newest venture is Butcher Box – delivering meat from the farm straight to your door. He got his start in the business space selling t-shirts in high school and continued making t-shirts throughout college. He credits his t-shirt businesses to teaching him how to market and grow a brand from the ground up. Mike’s first large scale business was a company that helped carpenters market and sell their custom furniture. The company was called CustomMade. Mike and his business partner bought the URL for $150,000, revamped the website, raised $30 million of venture capital and at it’s peak employed 60 people. By the time Mike left the company they were down to 6 employees. His partner stayed with it and has turned the company around, but most investors lost everything. He learned a lot from CustomMade – the paramount lesson being how to market a product.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • Benefits of eating grass fed meat
  • Marketing a product
  • Commodity meat vs. grass fed
  • Raising capital (or the importance of not raising capital)
  • Entrepreneurism
  • Starting a business

“A failed venture is not a failed entrepreneur.” – Anonymous venture capitalist

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“I have built my career… rooted in focusing on fundamentals.”

Posted on by Michael Covel

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Hi Michael,

I am going to be in [City] October 23-28. So, I thought I would reach out to you to ask if you would be interested and/or have the time to meet. It could be a quick coffee/tea/breakfast/lunch, or whatever.

By way of background, I’m a professional portfolio manager investing globally in public market equities. I’ve been doing the job for 18 years.

Ironically, I have built my career, and achieved some success, through strict adherence to an investment discipline and process that is rooted in focusing on fundamentals. However, I am open-minded and always looking to refine the craft. I really enjoy exploring intellectual points of view with interesting people. I have to admit I have not yet read either your TurtleTraders or Trend Following books yet, but they are at the top of my “to-do” reading list. I do listen to all or your podcasts, however. So, although I can’t profess to being a student of trend following, I do find your perspectives, insights, opinions and thought processes stimulating and highly intriguing.

All participants in the world of finance, however loosely defined, must acknowledge that we are in strange times. I have certainly noticed the evolution. In my opinion it is not all for the better either. I can say for certain the role of the “active manager” has become more difficult, and that finding an “edge” has become exponentially more difficult in the last decade.

Anyway, that’s the finance stuff.

More generally, I am quite interested to learn more about your business, how you built it, and why you decided to relocate to [Country], among other things. From this distance, you appear to lead a very interesting life.

So, please let me know if you would entertain the idea of getting together for an informal chat while I am in your neck of the woods. I would be grateful and appreciative of any time you can spare.

Thanks!
[Name]

Dinner sounds good!

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.

“I must thank you for bringing this ‘back from the dead…”

Posted on by Michael Covel

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Good afternoon, Michael.

I have been listening to the Milton Friedman presentation on your podcast 496, and I must thank you for bringing this ‘back from the dead.’

Of course, I have read of Prof. Friedman in the past, but I had never heard his voice. His presentation was clear, concise, friendly, and accessible to almost anyone I can imagine. It is refreshing to hear that such a celebrated individual is so accessible.

I have done some of these same thought experiments with colleagues… No tax on corporations, and the possibility of income tax not being progressive—but making the tax, once a certain income is made, such as a million dollars, to suddenly become ZERO.

Imagine the incentives for people to produce and create wealth.

No tax on corporations: Not the 35% current tax, and not 20% tax currently proposed in US Congress, but Zero. Dr Friedman gives a great argument that I need not repeat here. But it is transparent, and makes much sense. (I guess the politicians don’t want to make it so transparent).

Imagine the incentive if those people who are good at creating wealth, have even more incentives to grow more and grow faster if they are not taxed at higher levels of production. By definition, they will have to create more or what others want to have: be it goods, services, entertainment, whatever…

And, usually to increase this wealth, very likely the resources of hiring more people (creating jobs), or increasing efficiencies by buying machines/robots/etc to create more goods more efficiently (also creating more jobs to those who make those machine tools or capital goods)

Thanks again for the stimulating podcast. Much fun, and I can share these ideas with my colleagues, who really still don’t get it.

Best,
[Name]

Thanks for the nice words.

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.

Ep. 601: Ryan Moran Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Ryan Moran
Ryan Moran

Subscribe to Trend Following Radio on iTunes

My guest today is Ryan Moran, the founder of Capitalism.com and Freedom Fast Lane. He started with nothing and turned himself into a successful entrepreneur. Ryan helps other self-starting high achievers build their business, reinvest their profits, find freedom in their work and move away from the 9-5 mindset.

The topic is capitalism and entrepreneurism.

In this episode of Trend Following Radio we discuss:

  • Intentional community
  • Capitalism
  • Free market society
  • Opportunity making products
  • Free market society
  • Capitalism vs. Cronyism
  • 2008 crash
  • Life is a gift
  • Artificial intelligence

“Capitalism and freedom is the best thing that we could possibly do for our families, for our kids, for the future and for anything we want to see in the world.” – Ryan Moran

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“…Your book opened my eyes. Thank God for that.”

Posted on by Michael Covel

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Dear Mr Covel,

Recently, I read three books you have written about Trend following. Primarily, I am a value investor, but your book opened my eyes. Thank God for that. I am not saying value investing does not work but trend following is perhaps more important.

Thank you very much for having written your splendid books and educating me on trend following.

Many regards,
[Name]

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.