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Category: Trend Following

Amazing Forecasting with Dozens of Technical Indicators

Posted on by Michael Covel

Feedback:

Hi Mike, I just had to send you this link, from a commentary on BarChart.com: http://www.barchart.com/headlines/story/1903370/grains-futures-wheat-corn-soybeans-trend-indicators. I was nothing short of amazed to read this. The guy is trying to put a case that wheat is in an uptrend, or the start of. Talk about picking bottoms! He plasters the chart with useless indicators and suggests it’s time to buy wheat. I wonder how many people take this sort of commentary and make trading decisions based on this type of analysis. Looking at the wheat chart it’s clearly been moving down for some months and now moving sideways. Any trend trader would be firmly short or out, but to suggest this is a buying opportunity? I’m sure you see this sort of stuff regularly, but this one struck me as so awful I thought I would pass it on.

Regards,
[Name]

One amazing reading of the tea leaves.

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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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.

Podcast Feedback: The Nuts and Bolts

Posted on by Michael Covel

I welcome all feedback, especially feedback that may make my websites a little more user friendly:

Hello,

I’ve got some suggestions for how you could possible modify your blog/podcast to better serve readers like me who would like to use it more efficiently.

I get your emails with wonderfully detailed synopsis of the podcasts, which are brilliant in that they really dive into what really is relevant in trading and life in general, psychology. Keep it up. Now, I would like to keep my inbox clean, and just have to revert to your website for this exact synopsis. I find that it IS the same under the general blog area, but it is not provided in one easy area under the podcast area. It would be great if I could just see the easy listing on the blog, of all your episodes and guests, but also have that synopsis shown there.

Also, it would be nice if this podcast was provided on YouTube, on your channel, where I could do two things, file it under under important categories, and also make use of the speed function which enables me to listen to podcast more efficiently, which is not a function found anywhere else that I have noticed. It is not necessary to have to really be on screen, as I am just interested in the audio content. If it was modeled on the [name] podcast, that would be just great.

Thank you for listening, as you do have a unique program, and doing this would enable me to endure less friction in accessing your podcast. If you could advise if this is possible, and to publicly mention this on a future mailout would be appreciated.

Thank you.

You can see/listen to podcast 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:

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• Frequently Asked Questions
• Performance
• Research
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• Crisis Times
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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.

Trading A System: The Thinking Behind Success

Posted on by Michael Covel

Feedback in:

Dear Michael,

I’ve been a long time follower of you and as a huge fan and enthusiast of your work, I HAD to write you to express my sincere gratitude regarding your coverage on the subject of trend following. Your knowledge and breath about the topic is not only refreshing, but incredibly insightful as I grapple a working investment strategy of my own.

I continue to listen to your podcasts and read your books. I was wondering if you could perhaps do a podcast on how one creates a ‘system’? Could you go into detail about how to create a model, what metrics or analytics one should use, look at, or consider? I would love to learn more about the anatomy of ‘the system’ and the psychology and decision-making behind placing trades.

I’m a novice financial guy, but am obsessed with learning and wanting to win. How cool would it be if there was another Richard Dennis type that decided to create a turtle trader-like experiment.

Best Wishes,
[Name]

I have discussed an assortment of topics across hundreds of podcast episodes (many that you raise), all for free. My books? Examples like your desires across them. Much detail. However, for those clients that want even more personal support my products online (Go) are an option. Thanks for your interest and great feedback!

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.

Know Thy Risk Factors

Posted on by Michael Covel

Sandy Brasher turned me onto a piece by Harry Long. Some of his article is off target, and a clear misunderstanding of trend following (“The most popular trend following system is the Golden Cross/Death Cross”), but his passage I liked to some degree (it’s not complete):

When examined in this light, it is not actually statistically interesting to determine if trend following is a holy grail. It is statistically interesting to understand that by engaging in trend following vs. buy-and-hold, one is quite literally exchanging one set of risks for another. Strategies are not about trading assets — they are about trading risk factors. And it appears that buy-and-hold risk factors are more widely held in portfolios than trend following risk factors. Markets have cruel methods for correcting such imbalances.

The key: what are those risk factors? That’s what is not complete.

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.

S&P 500 Trading System

Posted on by Michael Covel

Feedback in:

Hi Michael…

Thank you for your comments on the S&P500 in podcast 271. Very good insight into the nature of the index and how it is used (or misused). As one of your guests said, buying and holding is like getting in a car with no brakes. I quote that to my clients frequently. When clients ask me what I think the market is going to do I always reply: “I have no clue what the market is going to do. But I know exactly what we are going to do in response to whatever the market does and that will make all the difference.” Once a client asked me, “Doesn’t the market just always go up?” I replied “Yes, the market always goes up. Sometimes.” This summer I made some road trips with my wife and daughter and I listened to about 2 dozen of the podcasts in the car. I am pleased that my 13-year old daughter got to absorb wisdom from the likes of Walter Williams and others. Your podcasts are a priceless gift to investors. An important benefit that I receive from them is confirmation that I am on the right track. Being a trend follower in a world brainwashed by Modern Portfolio Theory can be lonely. I have attached the first 20 months performance report from trading the S&P leveraged index funds using a trend following strategy.

Thanks for all you do.
[Name]

You are welcome.

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. 271: The S&P 500 Trading System with Michael Covel on Trend Following Radio

Posted on by Michael Covel
The S&P 500 Trading System with Michael Covel on Trend Following Radio
The S&P 500 Trading System with Michael Covel on Trend Following Radio

Please enjoy my monologue The S&P 500 Trading System with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

Play the Trend Following Game

Posted on by Michael Covel

Trend following trading is a game indeed, but it is terribly important to avoid becoming the game (a game I have explained in a multitude of ways). In general, think about the three types of players in any game:

• Those who know they are in the game.
• Those who do not know they are in the game.
• Those who do not know they are in the game and have become the game.

Within a half hour of playing any game, if you do not know the patsy, you are it. Said another way: You are the game. That is serious talk for the serious game of your financial health and wealth.

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.