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Seven-time Lottery Winner Shares Secret to Winning Powerball

Curious how to win the lottery? Seven time lottery winner, Richard Lustig, shares:

Saturday’s Powerball drawing is a staggering $320 million. With such an enormous sum at stake, who better to turn to then Richard Lustig — seven-time lottery grand prize winner and author of “Learn How To Increase Your Chances of Winning The Lottery” — for tips on how to win.

Lustig says he’s been playing the lottery for about 25 years. He claims to play every day, but in the first few years, he says he was not winning very much.

So Lustig decided to come up with a method, which he claims has helped him win seven grand prizes, including his last jackpot of $98,000 two-and-a-half years ago.

Lustig says a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the “quick-pick” ticket option.

“It doesn’t matter how you pick your numbers, once you pick your set of numbers, research them to know if it’s a good set of numbers and stick with them. There’s no magic method to picking your numbers, I get emails every day asking. One number doesn’t win the jackpot, a set of numbers does,” says Lustig.

“The lazy way out is to buy quick-picks. The computer picks out the numbers. Don’t play quick-picks. Quick-picks are the worst thing you can do, you are playing with the worst odds,” he says.

Lustig believes that what matters is whether the set of numbers people pick is a good one or not. To know this out however, one has to research the numbers in a method only taught in his book, which, as we found out, he guards very closely … unless you buy the book.

“The research is not that easy, it takes some time. Anything in life that’s worth having takes time,” says Lustig.

Another important part of playing the lottery, Lustig cautions, is setting a budget of how much you can afford on tickets.

“Don’t get lottery fever, don’t use your grocery money, or your rent money. Remember one thing, if there is one winner on Saturday night, there will be millions of losers, don’t be that person Sunday morning worrying about how you can pay back the money you spent,” says Lustig.

One secret Lustig will share is that he believes picking the same numbers regularly, even if you are losing, gives you more edge in the next drawing.

Lustig says he will absolutely be playing Saturday’s Powerball. But when asked what numbers he’ll be playing, he wouldn’t share.

“Not telling. Good try though,” said Lustig.

The analysis: 100% bullshit.

Note: Shout out to Steve Peterson for the find.


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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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.

Ep. 406: Larry Hite Views Outlined with Michael Covel on Trend Following Radio

Larry Hite Views Outlined with Michael Covel on Trend Following Radio
Larry Hite Views Outlined with Michael Covel on Trend Following Radio

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Please enjoy my monologue Larry Hite Views Outlined with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Respecting leverage
  • Thinking in terms of odds
  • Being wrong is OK
  • Getting the odds on your side
  • Risk management
  • Life is a series of bets

“You don’t trade markets, you trade money.” – Michael Covel

“The first part of the winning process is evaluating who you are and what you’re comfortable doing.” – Larry Hite

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

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Ep. 405: Didier Sornette Interview with Michael Covel on Trend Following Radio

Didier Sornette
Didier Sornette

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My guest today is Didier Sornette, the Professor on the Chair of Entrepreneurial Risks at Swiss Federal Institute of Technology Zurich. He is also a professor of the Swiss Finance Institute, associated with both the department of Physics and the department of Earth Sciences at ETH Zurich. He has worked on the King effect, a theory used to predict economic bubbles. Didier also set up the Financial Crisis Observatory in October of 2008. He brings an interesting perspective to financial crisis’s, and bubbles.

The topic is market bubbles.

In this episode of Trend Following Radio we discuss:

  • The adaptive market hypothesis
  • Dragon Kings vs. Black Swans
  • New economy syndrome
  • Predictive markets
  • Finite singularity
  • Equilibrium of the world

“When herding behaviour among investors ramps up, a stock’s or index’s growth rate can increase faster than exponentially, leading to more herding. This positive feedback brings the system to a tipping point. About two-thirds of the time, a crash results.” – Didier Sornette

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Ep. 404: Napoleon Hill Retrospective Episode with Michael Covel

Napoleon Hill Retrospective Episode with Michael Covel
Napoleon Hill Retrospective Episode with Michael Covel

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Napoleon Hill Retrospective Episode with Michael Covel. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Conditioning your unconscious mind
  • Setting goals
  • Laws of nature
  • Vibrations of thought
  • Using your greatest asset
  • Individual power

“Put your foot upon the neck of fear of criticism by reaching a decision not to worry about what other people think, do or say.” – Napoleon Hill

“Weak desire brings weak results, just as a small fire brings a small amount of heat.” –Napoleon Hill

Mentions & Resources:

Listen to this episode:

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

Want a FREE Trend Following DVD? Get it here.

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Limitations with Day Trading

Feedback in:

Hello, I am interested in learning about Day Trading Russell 2000 Mini Futures. Would any of your products help me with that?

Thank you,
[Name]

That is not my focus, but if you accept my wisdom I just made you a lot of money (or you could say ‘saved’).

The wisdom: day trading is a dead end.

On the other hand if you want to investigate a valid strategy like trend following I can help.


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. 402: Charles Faulkner on Goals with Michael Covel on Trend Following Radio

Charles Faulkner on Goals with Michael Covel on Trend Following Radio
Charles Faulkner on Goals with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Charles Faulkner on Goals; Special Episode. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • How to set goals
  • How to achieve your goals
  • Externalizing your inner-dialogue
  • The importance of milestones

“We are very good at looking back on things and seeing how we got somewhere, it’s the looking forward thing that throws us off from time to time.” – Charles Faulkner

Mentions & Resources:

Listen to this episode:

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

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.

Ep 401: Ben Carlson Interview with Michael Covel on Trend Following Radio

Ben Carlson
Ben Carlson

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My guest today is Ben Carlson, the Director of Institutional Asset Management at Ritholtz Wealth Management. He’s been managing institutional portfolios for my entire career. He started out with an institutional investment consulting firm developing portfolio strategies and creating investment plans for various foundations, endowments, pensions, hospitals, insurance companies and high net worth individuals. He was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization.

The topic is his book A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan.

In this episode of Trend Following Radio we discuss:

  • Diversification
  • The purpose of a long only commodities investment
  • Speculation
  • Index funds
  • Having a plan
  • Risk and Reward
  • Saying no

“You can’t invest in the market as you wish it would be, you have to invest in it as it is.” – Ben Carlson

Mentions & Resources:

Listen to this episode:

Jump in!

Get the foundation to making money in up, down and *surprise markets on the Trend Following mailing list.