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Category: Trend Following

Teach Yourself to Be Great

Posted on by Michael Covel

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.

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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.

Young Person Starting Out

Posted on by Michael Covel

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

Posted on by Michael Covel
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

Listen to this episode:

Jump in!

If You Want A Guarantee Buy A Toaster!

Posted on by Michael Covel

A question arrived today:

Will your book ‘Trend Following’ help me develop a trading system to become profitable?

I replied: For some people yes, and for some people no. Feel free to follow-up. He replied:

Will your other books help me?

All of my books will help some people. My books will not help all people. There are reasons for this.

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.

Guarantees Trend Following Success

Posted on by Michael Covel

Feedback in:

Dear Michael,

Your website is as interesting and informative as ever. Thanks for all the insights you continue to provide to the members of the trend following tribe. Thought I would share an interesting anecdote about [one of] this year’s Nobel Prize in economics. A well regarded trend follower in Mumbai [India], while expressing incredulity at the selection of Eugene Fama (of “Efficient Markets Fame”) for this years Nobel Prize, quipped to me that this recognition will ensure that trend following survives for a very very long time.” [name]

Good point.

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.

Entrepreneurs Gathers in Bangkok; Thanks for the Stage!

Posted on by Michael Covel

Feedback on my latest live presentation for TropicalMBA.com:

Hey Michael, loved your presentation! I am a digital nomad, from Brazil (lived in more than 6 countries), and think that interviewing (via Skype) you would be awesome to introduce you to the Brazilian market and to share your knowledge. Let me know if you are up to it. 30 minutes of your time for thousands of viewers. Your presentation [in Bangkok] was awesome cause you connected with people at a ‘human-success-struggle-story’ level. It was awesome!

Thanks for the kind words. The event was a great time and filled with some amazing current, and up-and-coming entrepreneurs. Looking forward to next year.

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.

What Do Blackberry & Enron Have in Common?

Posted on by Michael Covel

Feedback on the class action law suit against Blackberry:

Mike, a class action lawsuit has been launched in New York against BlackBerry and its top two executives for misleading investors over the last 13 months. Anyone who looks at the chart will realize that none of the plaintiffs are trend followers. In fact, if you had been trading BlackBerry for the last eight years as a trend follower, you’d be sending them a bouquet rather than suing them.

Regards,
DG

Thanks. Great point. Reminds me of Enron.

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.