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Category: Trend Following

Why Do I Have to Go to School?

Posted on by Michael Covel

Feedback in:

Michael, I have never contacted you before but have listened to all your podcasts. Great stuff! My wife forwarded this to me and I immediately thought of you, in addition to a number of other free thinkers …and just knew I had to forward it. Enjoy,
Tim

Give a big thanks to your wife for the find:

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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.

Trend Following Is Not “Eyeballing”

Posted on by Michael Covel

When do I enter and exit? When do trend followers know it is the right time to enter or exit? Some feedback:

Michael, how do you know when a trend starts, and when a trend ends? I’m not asking for your precise signals, but you never mention that somewhere in your writings or student presentations there actually is some precise signal for entering and a precise signal for exiting. And what are the signals for confirming that a trend is in existence? I would feel much better about you if you just said that you did indeed have proprietary signals for the existence of a trend, a signal for entering, a signal for exiting, and that you impart this to your students. I hope you won’t say that you just eyeball a trend and make a judgement without signals as to the entry and exit.
Thanks.

You have read chapter 5 of my book The Complete TurtleTrader? It is a system walk through with entries/exits. Yes, my systems/training at www.trendfollowing.com has exact entry/exits. In terms of trend existence–a trend can never be measured or properly known until after an exit signal. There is no eyeballing in the trend following world. This is about systems.

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.

William Eckhardt Trend Following Wisdom

Posted on by Michael Covel

Question: “Every few years after a rough period someone says trend-following is dead.”

William Eckhardt: “I lived through the death of trend following a half dozen times and, like Mark Twain’s death, it was highly exaggerated.”

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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• Frequently Asked Questions
• Performance
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• 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. 144: Jon Boorman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jon Boorman
Jon Boorman

My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • What it was like working within the big firms
  • Boorman’s beginnings and how he found his way to where he is today
  • What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today
  • How regardless of your access, success comes down to the individual
  • Price-based trend following vs. other technical analysis
  • Boorman’s early “a-ha” moments towards trend following
  • Trend following complexity, and why it can be “simple, but not easy”
  • Trading your own personality
  • Van Tharp, risk management and position sizing
  • Trend predicting vs. trend following
  • The fantasy of calling tops and bottoms
  • Why the major media outlets don’t give trend following proper coverage, and why trend followers don’t make good “copy”
  • Mistaken emphasis on entries rather than exits
  • The idea that Boorman “no longer having a need to be right” after he left Lehman Brothers
  • Alpha capture
  • Acceptance of trend following amongst the larger financial community
  • Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker

Listen to this episode:

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Life’s a Bet

Posted on by Michael Covel

One of my favorite bits of wisdom from trading legend Larry Hite:

Life is nothing more than a series of bets and bets are really nothing more than questions and their answers. There is no real difference between, “Should I take another hit on this Blackjack hand?” and “Should I get out of the way of that speeding and wildly careening bus?” Each shares two universal truths: a set of probabilities of potential outcomes and the singular outcome that takes place. Everyday we place hundreds if not thousands of bets–large and small, some seemingly well considered and others made without a second thought. The vast majority of the latter, life’s little gambles made without any thought, might certainly be trivial. “Should I tie my shoes?” Seems to offer no big risk, nor any big reward. While others, such as the aforementioned “speeding and wildly careening bus” would seem to have greater impact on our lives. However, if deciding not to tie your shoes that morning causes you to trip and fall down in the middle of the road when you finally decide to fold your hand and give that careening bus plenty of leeway, well then, in hindsight, the trivial has suddenly become paramount.

Larry sees it.

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.

A Very Hippie Way of Thinking About Trend Following

Posted on by Michael Covel

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.

Embrace the Shake: The Foundation of Trend Following

Posted on by Michael Covel

I tweeted this.

Here is an example of that from The Hedge Fund Journal:

David Harding spent two years at Sabre Fund Management, each day drawing hundreds of charts by hand, like a true craftsman. Every chart was bound into big leather folders, and in turn each chart pattern was copied into other folders. He likens it to an old-fashioned publishing house. Harding noted without irony that the company was run by accountants, and that “there certainly was method in what was done there.” He continues “I certainly regard my time there as the foundation stone of my credentials as an empiricist. There is nothing like drawing thousands of charts by hand to fix them in your mind. In fact I regard this phase of exhausting taxonomy of technical analysis as being like the relationship used to be between biology and taxonomy in the life sciences. Until something like 1830 you had gentlemen scientists collecting leaves and putting them into folders, and it wasn’t until Darwin that he and others started putting some order on it. Only by arranging data and putting it in order can you get any pattern out of it.

Nice.

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.