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Tag: feedback

Meeting Trend Following Pioneer Ed Seykota

Posted on by Michael Covel

Feedback in:

Hello Michael. I’m glad to have come cross your site and all of your information. I Actually have an interesting story about meeting Ed Seykota about 10 years ago.

Ok.

Got into commodities watching my stepfather get long gold before Y2K in 2000. He did well. Took a Ken Roberts course and started dabbling a little bit made some, lost some, but continued to grow my interest through 2004.

Came across the turtle trading site and all the information, read as much as I could, downloaded everything and saved it in files. Read all the books on the recommended reading lists. Out of all the market wizards, for some reason Ed Seykota jumped off the page at me. Liked his spirit. I was headed to Tahoe for a vacation and remembered reading that he lived there. Okay, tracked him down.

Decided to reach out to him. Shot him an email and said thank you for all the work that he did to try to share with people and to bring them along toward a better life. Asked if we could meet and I could thank him in person and buy him a cup of coffee. He replied and said that he didn’t drink coffee but that he liked to ride his mountain bike and play music. He asked if I did either of those things.

In fact, I did ride a mountain bike and I do play guitar. He said well give me a call when you get up here. Let’s go for a ride and play some music, and we did. Was invited back to visit his trading tribe. Very cool experience.

Nice.

You may also enjoy reading the Ed Seykota book on his trading rules.

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.

Spyros Makridakis Interview Followup

Posted on by Michael Covel

A followup from a recent conversation with Spyros Makridakis:

Dear Mike,

It was nice to talk to you this morning. As I promised I am attaching the following three papers:

  • Medicine. This is an extract from an article I am writing about Forecasting and Uncertainty. It is amazing that the forecasting record of medicine is so dismal as it involves our lives and health.
  • Positive Illusions. This is a recent paper that will be published in a book of readings.
  • Why Forecasts Fail. A paper published in the Sloan Management Review that explains why forecasts fail and how I got involved in this line of research.

I am also attaching the cover copy of the book by Ablin (the guy who discovered the PSA test for prostate cancer) and his view about the validity of the test he discovered.

Let me know if I can be of any additional help and please send me the link of your podcast once it is ready.

Best,
Spyros Makridakis

Thanks!

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
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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 Feedback

Posted on by Michael Covel

Feedback in:

Hello Michael,

I’m a 25 year veteran as a financial advisor and I’ve subscribed to more newsletters and systems than I care to admit. I know there’s no “magic bullet” to investing success when confronted with the chaos that exists in this world, but your writings and the evidence you provide has made a significant impact on me. I, like most of my financial advisor brethren, (particularly those who are independent like the [name] advisors) want to make a positive impact on the financial lives of our clients and break free from the “buy and hope” nonsense still prescribed by Wall Street professionals and the index funds. Your teaching has already helped me help my clients to better manage the risks of the markets and I’m extremely grateful. I’m an avid listener to your podcast and own three of your books (all with extensive highlighting and underlining).

All the best to you and the Trend Following team.

Regards,
[Name]

Thanks!

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.

Trend Following Wisdom from Dalio

Posted on by Michael Covel

A recent email in:

(Indavertent) TF Wisdom from Dalio:

“To make money in the markets, you have to think independently and be humble. You have to be an independent thinker because you can’t make money agreeing with the consensus view, which is already embedded in the price. Yet whenever you’re betting against the consensus there’s a significant probability you’re going to be wrong, so you have to be humble.”

Wisdom from a man that knows how to trade unexpected trends in a 100% systematic fashion.

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.

“Your Books and Podcast Had A Decisive Influence on My Investment Success”

Posted on by Michael Covel

Feedback in:

Dear Michael,

Thanks a lot for connecting. I have been following your outstanding work for many years and the information I gathered from your books and podcasts had a decisive influence on my investment success.

After studying “trend following” with your books I have started to trade futures with a small trading account and after the usual complications at the beginning, I have been quite successful with your strategy.

Besides trading, your podcasts have brought to me brilliant insights into other areas, (Media, Psychology, Politics, etc.) for which I am very grateful.

Thanks a lot for your inspiration and please keep on doing what you do. It is surely very important to many people.

Best regards from Singapore.
[Name]

Thanks!

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.

JWH, Farming and Trend Following: New Trader Inspiration

Posted on by Michael Covel

Feedback in:

I just wanted to start off by saying thank you for making so many resources readily available to learn more about trend following trading.

I have been trading commodity futures for a little over 2 years now and have just recently (within the last 3 months) introduced to trend following trading. Trend following is the trading method that makes the most sense to me and the only method I can see leading to a lifetime of returns. Just recently started reading your Trend Following book and it is already resonating with me and enforcing the idea that this is the trading system for me.

I have also been an avid listener of your podcasts. Really enjoy that you dive in to more than just the trading systems themselves but rather how the individuals got their start and found trend following. I also am a fan of the podcasts that discuss the mental side of trading–the most important part.

One final question, from learning more about the trend following world have become interested in learning more about John W. Henry because like him I am a young farmer. Would ever be a guest on the podcast?

Thanks again and look forward to hearing from you.

[Name]

John W. Henry would be a great guest.

Trend Following Radio Feedback

Posted on by Michael Covel

Feedback in:

Michael,

Hope all is well. I thought it was only appropriate to connect with you after listening to probably around 100 of your podcasts. I live in Silver Spring and every day on my commute to Exelon (energy company, where I work in Baltimore), I listen to your podcasts.

I am 27-years old now and for the past 4-5 years I have been learning how to trade based on technical analysis and price action. A few years ago, I learned that simple is better in terms of indicators/trade setups and risk management is key to not blowing up my account. My current strategy consists of two general trades; swing trades (buying on pullbacks to long term trend lines) and buying breakouts of consolidations or to new highs. The indicators I use are trend lines (horizontal/diagonal), volume, candlesticks, moving averages as support and resistance and relative strength vs the S&P 500.

After listening to many of your podcasts, the commonalities between the traders and portfolio managers are apparent and have become part of the way I think and part of my rules. I am emailing you for two reasons; firstly, to thank you for all the great podcasts and for giving me a place to hear from like-minded individuals. Secondly, I am trying to find a a mentor to help me find a way to turn my part time hobby/passion outside of work, into a career. Are there any trend following/price action based traders/portfolio managers that you know of in the Washington, DC metro area? Also, if you have some time, it would be great to talk with you.

Have a great weekend Sunday in Asia.

Regards,
[Name]

Thanks for the note. Many issues related to mentorship are sprinkled throughout my podcast monologues. Circle back on those. More thoughts on mentorship? The DIY effort seen across Godin blog–is highly recommended.

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.