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Ride the Bucking Bronco: The Nature of the Trend Following Profit Beast

Some trading 101 from Trend Commandments:

One of the most useful criticisms that you can use to further your understanding centers on prediction. Trend followers… do not predict a market’s timing or distinction. Trend followers react to market movements. It is a critical distinction best seen in the words of trend follower Bill Dunn, “We don’t make market predictions. We just ride the bucking bronco.”

For more information on books and other resources to further your trend following education go 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.

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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.

Where Should Beginning Trend Followers Start?

Feedback in:

Hello, I am currently a college student, and am very interested in learning about stock trading. I just listened to your interview on the Tropical MBA podcast, and it was great! As someone who is new to stock trading, with little experience, where should I start? Any advice from you would be greatly appreciated!

Thank you,
Adam D.

Three places:

1. Resources here: trendfollowing.com/resources
2. Training here: trendfollowing.com/products
3. Podcast here: trendfollowing.com/podcasts

That should get you started. Plus, books.


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. 180: Porter Erisman Interview with Michael Covel on Trend Following Radio

Porter Erisman
Porter Erisman

My guest today is Porter Erisman, a former Vice-President at Alibaba Group (2000-08), China’s internet giant. He witnessed it grow from humble beginnings into the world’s largest e-commerce company.

The topic is his documentary Crocodile in the Yangtze.

In this episode of Trend Following Radio we discuss:

  • What it was like working with Jack Ma
  • Short-term vs. long-term entrepreneurs
  • The lack of knowledge/insight America has for China
  • The perceived threat of China to America
  • Whether nationalism played into Ma’s success
  • The commonalities between the greatest internet entrepreneurial success stories
  • Government interference with Alibaba
  • How eBay was defeated by this small startup in China

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Ep. 179: Tim Price Interview with Michael Covel on Trend Following Radio

Tim Price
Tim Price

My guest today is Tim Price, a partner and director of investment at PFP Wealth Management in the UK, an independent asset management and financial planning practice.

The topic is markets and investments.

In this episode of Trend Following Radio we discuss:

  • The subordination of freely discovered prices to policy goals
  • Why the recent trading environment seems “wrong and dangerous”
  • Why Price wouldn’t be able to speak freely working for a large bank
  • Why Price and his colleagues aren’t “doom and gloomers”
  • Why the media neglects to report on black swans
  • Why the role of the Fed is to keep “spiking the punch”
  • The vested financial pushback on having some of these views
  • Risk and “Against The Gods”
  • Why people are hardwired to be loss averse
  • An analogy to the US Forest Service

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Teach Yourself to Be Great

An excerpt from The Little Book of Trading:

Can you teach yourself to trade? Do you realize how important learning on your own is if you really want to be a successful trader? Everything about Kevin Bruce’s trading is self-taught. He started in the basement of the University of Georgia library: The school had old editions of the Wall Street Journal on microfilm. In the basement dungeon, he would compile his own record of the open, high, low, and closing prices for all markets. At the time, Bruce was actually working at a gas station at night, and between cleaning bugs off windshields and pumping gas, he had time to think and research–which is where he would analyze that price data. Bruce had a Texas Instruments handheld calculator that helped him sort through price data collected from the library. He figured out how to mathematically define a trend (in order to profit from its movement). It was a basic trend trading system. It was the same system he had used for the trading game in school with slight tweaks. Ultimately, it was the same one he would use with real money in the decades to follow.

You can receive a free DVD of Bruce 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.

Young Person Starting Out

It’s funny how the universe works. Some great feedback:

Heya Michael, this is Moon here, the lady who chose to sit beside you on the 1st day of the DC Conference and from Singapore. It’s really exhilarating to see you in the DC, Mike. I’m really glad and proud of myself that I chose that seat that day.

As you might have not known ‘cos we haven’t talked much at all, I’ve been a great fan of yours since you wrote the book ‘The Complete Turtle Trader’ and very honestly, that is what shaped the great mind frame for discipline and psychology in trading for me. I’d even say it takes up a good 30% of what I do everyday. Next time you come to Singapore, I’m gonna have to ask for your signature. And you didn’t know you met a huge fan, I was just holding it in!

Last but not least, I have really taken good direction to what you have suggested to me to write a book. And really, just looking at the content page, I can really foresee an extremely invaluable and good book coming up. And why I say that is because I took myself out of the shoes of an Author and put myself into those of a beginner or novice who knows nothing or is interested to learn about skills of the trade, and in that perspective just by looking at the content page, it sells! I’d honestly pick up the book if I am a novice, if I didn’t know anything or just simply requiring more information. And thus, I have been feeling very motivated after I got back to Singapore, have been relaxing and chilling out on my own in a couple of serene places just to let ideas seep in, and whilst I’m most relaxed, that’s the time where great ideas sit and find clarity and organization in my mind.

As I sign off here, just wanna say thank you so much for being so receptive and open to me. You have been really helpful and truly sincere in sharing your experiences and invaluable knowledge this whole time and I am really grateful for that. The old adages say that ‘Serendipities are only present to those who embrace everything in life.’ Let’s stay connected and see you soon!

Have a trillion dollar day ahead.

Your Friend & Turtle Fan,
Moon Wong
25 October, Singapore

Thanks Moon. Think I will be to Singapore in November as I mentioned. We will both get Jim Rogers out to lunch.


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. 176: Fabian Lim Interview with Michael Covel on Trend Following Radio

Fabian Lim
Fabian Lim

My guest today is Fabian Lim, an internationally acknowledged digital marketing expert and, in a sense, a life coach focused on helping individuals to discover their true selves. He is a serial entrepreneur, best-selling author, and licensed jet pilot.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • Life in Singapore generally, and how Singapore has become “the gleaming city on the hill”
  • Singapore’s success despite its lack of natural resources, and how its airport represents the forward thinking found there
  • Lim’s first entrepreneurial ventures
  • The varied reasons that cause us to become entrepreneurs, and the difference between online and offline entrepreneurs
  • Experience in the context of entrepreneurship, and how it can be used as an excuse
  • Timeframes and getting out of the “employee” mindset
  • Becoming rich, and why it’s a choice
  • Classical conditioning, self-limiting beliefs, and breaking the mold to become an entrepreneur
  • The idea of “failing faster”
  • The connection between Lim’s flight training and entrepreneurship
  • Risk and uncertainty
  • Using simulations to practice
  • Success traits and failure philosophy
  • Why choice can be the enemy of a successful entrepreneur

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