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Category: Trend Following

Thank you for sharing your knowledge…

Posted on by Michael Covel

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Hey Micheal, I have recently started as an intern at a financial planning business and they invest in and are great believers of trend following. I am looking to learn as much as possible and have started reading your books and listening to your podcasts and I am really enjoying them. Thank you for sharing your knowledge and I hope to keep learning and developing in the future. I was wondering if you could help me get the first 60 episodes of your podcast because they don’t show up on iTunes. Anyway keep up the great work. Hope you hold a conference in Australia in the future.

All episodes.

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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.

Jim Rohrbach Offers Insight on Darvas

Posted on by Michael Covel

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Mike:

I am so pleased that you discovered Nicholas Darvis. I bought his book “How I Made 2 Million Dollars in the Stock Market” in the early 1960’s. That’s when I first started developing my RIX Market Timing Index. I loved that book and I lent it to someone or gave it to someone. There were many lessons in that book for a young guy trying to figure out how to invest with the trend. Like, “Never Sell A Rising Stock”. His transactions were documented very well I thought. Stay out of market board rooms. He definitely influenced my thinking about identifying changes in the trend of the stock market. I could not put down the subject and I spent 7 years developing my RIX Index which accurately identifies changes in the trend of the stock market. It has worked for over 40 years and it frequently gets me ranked No. 1 in the country on Timer Digest’s Top Ten Timers List. Yes, Nicholas Darvas is the real deal and I am so glad that you are telling your readers about him. He is definitely one of my [mentors]. I am pleased that you are bringing his work back to life. I hope your readers study what he said in that book!

Your friend,
Jim Rohrbach

Thanks Jim!

Note: People can listen here.

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.

More Feedback on the China Experience

Posted on by Michael Covel

Feedback in:

Hi Michael,

I enjoyed your monologue 358 on Beijing visit very much and could not agree more on being on the ground and be more sensitive to the local customs and norms. I would like to get a copy of the free DVD and would appreciate it if you could send to my address below: (I am a subscriber to your website but it seems to reject me sending feedback message).

[Address]

Best 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.

Looking to Buy a Money Machine?

Posted on by Michael Covel

Feedback in:

Michael:

I have just finished reading your communication on the “why sell system..” Here is my take on it. It is perfectly honorable to sell [a] system. I think there are two broad groups of people who buy systems.

One group who buys these with expectation that they are buying a machine to print money tomorrow are set up for immediate disappointment. They can’t/don’t follow it and experience it in real life and do only in bits and pieces and eventually abandon it.

The other group buys system as first step towards their education and if it works out for them they work on improving the system to match their needs and personality. Eventually they end up with something that has basic foundation they started with but totally different parameters etc.

So both group ends not using system they started with but they have entirely different outcome in the process. It is like attending High School: some people finish that and some don’t.

This is a complete hypothesis on my part, so do let me know if you have any insight on what happens after people buy your or any other system.

I can’t see how people think that if they buy anything from me that it is a machine to print money. Unless they are delusional. In terms of ‘system learning’ the Turtle experiment proved rules could be taught. Sure, you can modify, but it’s still trend following.

Insight after they buy? https://www.trendfollowing.com/success.

Of course, I am sure some don’t trade for any number of reasons. However, trying to figure that out is like studying fundamentals–a never ending futility.

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. 365: Chris Clarke Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Chris Clarke
Chris Clarke

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My guest today is Chris Clarke, ex-Goldman Sachs executive director and founder of Lawrence Clarke Investment Management. Clarke has been developing trading systems for decades.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Trusting the system once you choose it
  • Being prepared to trade no matter which way the markets go
  • The importance of edge, and why gamblers lose
  • Looking at the math behind trading strategies
  • Understanding “market truths”
  • Drawdowns vs. risks

“The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.” – William Eckhardt

Mentions & Resources:

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Am I Just Getting Lucky?

Posted on by Michael Covel

Feedback in:

Michael,

As my account is still small (although up 150% so far) I find that I’m trading a lot. I get signals every day and in 3 months have made 185 (counting opening only). I find my self getting stopped out of trades because I can’t take a full position and then getting back in when the market comes back.

I’m not going more than 2 units per trade and 5 units per sector on [entry and] out 2 ATR 2% unit model.

So it’s going well and I’m excited about that but want to make sure I’m not just getting really lucky as opposed to implementing a life changing trading strategy.

Regards,
Jordan

This sounds very short term, and not trend following?

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.

Trend Following Passion is Contagious

Posted on by Michael Covel

Feedback in:

I [wish] I had read your book many years earlier! And your profiling of the long term track records of the some of the big practitioners inspires confidence and this has been borne out [in] academic studies [too]. Although I do not have the time to do trend following personally being a busy physician, I am beginning to deploy monies in managed futures especially because it offers a favorable tax structure. I have been an investor in hedge funds which have generated large short term gains leading to a heavy tax burden over the years.

I am using your resources to research many of the managers with good track records. Do you have any suggestions as to your favorites? I am looking for managers that offer leverage in addition to their standard program. I am currently invested in QIM which has 3x leverage and with Abraham Trading which offers 2x leverage.

Last, your passion is contagious and keep up your good work.

I don’t give recommendations on pro traders, but thanks for the nice words. I will try to keep it all going straight ahead!

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.