Subscribe now and watch my free trend following VIDEO.

Category: Trend Following

Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Burns
Steve Burns

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of the top reviewers for books about trading and investing, having read and reviewed several hundred books.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Risk management
  • Position sizing
  • The magic of compounding
  • Why individual trades have very little meaning
  • Turning down the volume on your emotions in your trades
  • How your losses can be an education
  • Concept and theory with regard to trend following
  • Quantifying and capturing trends
  • “Just trading the numbers”
  • Greed and fear in the context of trends
  • The common attitudes and misconceptions of novice to trend following traders
  • Trading against the market vs. trading against yourself
  • Drawdowns, and the importance of studying the track records of the great traders
  • Entry and exit strategies
  • The importance of starting “right” in every enterprise
  • The curse of laziness
  • Ignoring the talking heads
  • Why you don’t need 20 screens on your desk to trade optimally
  • Cutting your losses
  • The 1% rule
  • Being blinded by the fundamentals
  • Why if you diversify, control your risk, and go with the trend, it just has to work
  • I.Q. vs. emotional intelligence (E.Q.)
  • Technology and long term trend following

Listen to this episode:

Jump in!

Ep. 137: Right and Wrong Answers with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Right and Wrong Answers with Michael Covel on Trend Following Radio
Right and Wrong Answers with Michael Covel on Trend Following Radio

Please enjoy my monologue Right & Wrong Answers 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.

Day Trading is Not Trend Following

Posted on by Michael Covel

A recent email:

Hi Mr Covel, I am Michael Yang, a Chinese trader, also a reader of your book. May I ask you a question? I have already found a way to identify the trend, and I agree with your method. I always trade by following the trend. These days, I think of different time frame and find two general ways to trade. The first one: I try to identify a long-term trend in a big time-frame, just like day chart or 4-hours chart. Then I try to find any following-trend signal in a smaller time-frame. For example, if I find a down trend in a 4-hours chart, I will ignore all buy signal in any time-frame that shorter than 4-hours. I will follow all sell signal in 1H chart, 15M chart, even 5M chart. By this way, I think I can follow all big trend that identified in 4-hour chart. But, I will miss some big reversal trend. Because any trend change begin from small time-frame, and then big time-frame. The second one: I try to trade in any single time-frame. I will follow all signal in a single time-frame, buy, sell, and buy, sell, and then buy,sell. By this way, I can hold some position that against big trend in big time-frame and make a big stop loss, but I cannot miss some reversal trend. I follow all trend in a single time-frame. What is your opinion on these two ways? Which one do you think is better for traders? Thank you!

I have never met a successful trend following trader trading 1H, 15M or 5M time periods. That’s not trend following. That’s gambling. Feel free to follow-up with any questions.

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.

The Confusion of the Confused Will Never Be Fixed

Posted on by Michael Covel

An excerpt from here:

Trend following is the main cause of bubbles and crashes? Not exactly. Bubbles and crashes are primarily the result of central bank policy. Trend followers simply take advantage of their inane policies.

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. 136: Money, Money, Money with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Money, Money, Money with Michael Covel on Trend Following Radio
Money, Money, Money with Michael Covel on Trend Following Radio

Please enjoy my monologue Money, Money, Money 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.

Ep. 134: Brendan Moynihan Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Brendan Moynihan
Brendan Moynihan

My guest today is Brendan Moynihan, an editor-at-large for Bloomberg News, where he manages the popular column Chart of the Day and writes about the economy and Wall Street. He has been with the company since 2007 after spending more than twenty years on Wall Street as a trader and risk manager.

The topic is his book What I Learned Losing a Million Dollars.

In this episode of Trend Following Radio we discuss:

  • How Moynihan’s background, the background of his subject, Jim Paul, and how the two came together in “What I Learned Losing a Million Dollars”
  • The psychology of loss and what we can learn from losing
  • The idea that you “just have to make the money” and why that can be a bad place to start as a motivator
  • Personalizing loss
  • Paul’s interactions with Rich Dennis
  • Studying the contradictions of great traders, and how loss is the only topic they agree on
  • Controlling how much you can lose
  • Staying the course and the importance of not changing your strategy mid-stream
  • Profit motive vs. prophet motive
  • The difference between investors, traders, speculators, bettors, and gamblers
  • The slippery slope of always wanting to be “right”
  • The five stages of internal loss
  • The danger of personalizing your success
  • The difference between discrete events vs. continuous events
  • The “uncle” point
  • Why it’s important to go broke at least once in your life
  • The difference between emotions and emotionalism

Listen to this episode:

Jump in!

Ep. 131: Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio
Predictions, Dreams, Fantasies with Michael Covel on Trend Following Radio

Please enjoy my monologue Predictions, Dreams, Fantasies 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.