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Tag: feedback

“Do you have any general advice?”

Posted on by Michael Covel

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Hi Michael, I’m wondering if you have any general advice for someone striving to build some secondary income sources.

The reason I’m asking you is because you’ve built up your own website, written your own books and built up your own website.

My vision is to become a trend following trader, having a website and write some books. The trend following part is actually the easy bit since it only takes capital and a back-tested strategy. The hard part is the income source that could finance continuous saving.

So on the subject of building up some kind of platform, which you obviously are a master at, do you have any general advice? It can be hard to know where to start before putting in all the hours.

Best regards,
[Name]

Become an entrepreneur. Read Linchpin by Seth Godin.

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“Fire Dragon Ninja Trader…”

Posted on by Michael Covel

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Afternoon,

Apologies for the strange title just thought it would stand out in your inbox.

Half way through your audiobook of Trend Following. Actually bought your book a while ago and had every intention of reading them.

I am on board, I certainly had a mind shift from listening to your audiobook. If you don’t mind me drawing a parallel to religion I have looked at every type of investing as a religion, “that one is wrong, this is the true way” and the answer is similar to my religious outlook, I am atheist in that area and I am now an atheist in my investment outlook.

So to sum up, thanks. I consume your podcasts when they come out and am enjoying your books.

I am looking for successful trend traders in Australia also. And given I live in Melbourne looking at starting a group Meetup for like minded trend traders.

If your ever in Melbourne I owe you lunch.

Thanks
[Name]

Lunch sounds great!

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.

“I believed you would appreciate my ‘oh shit’ aka ‘aha moment’…”

Posted on by Michael Covel

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Michael,

I am a regular listener to your podcasts. I appreciate the wide variety of incredible guests and the disparate and yet relevant topics that they discuss. I’m impressed by your ability to ask “that” question that the guest responds “no one has ever asked me that before.” It’s recognizable that you must do a lot of research prior to each interview.

One such compelling and yet disturbing interview was with Ed Seykota, podcast #355. Among other things, you discussed some major topics from his book Govopoly. His statement that things, politics/the economy/government/society, are the way they are supposed to be and that there is nothing to be done about them ran counter to my world view. I was shaken by his statement that “I don’t think there is anything to fix.” I’m a person that believes when you realize things have strayed from the correct path you fight to bring them back in line. I guess the real question is what is the correct path.

I shared the podcast with a close friend who I enjoy debating topics like these with. His response was basically that he assumed the game was over long ago and he was resigned to his fate. Again this ran counter to my belief system.

Over two years after listening to you and Ed, I was listening to “The Death of Money,” a book by another of your podcast’s alumni, Jim Rickards. About halfway through the book Jim discusses the Federal Reserve. I know that there are varying opinions on the FED and I didn’t have very much knowledge on the subject so I decided to finally breakdown and listen to “The Creature from Jekyll Island.” Holy shit! I only made it through 3 chapters before I felt compelled to listen to the Ed Seykota interview again. I’m not naïve when it comes to my understanding of how things work in America but even if a small portion of what is said in “…Jekyll Island” is true I now understand where Ed is coming from. The mechanism is too big, too entrenched, and too interwoven into the fabric of our government and society to be fought to any meaningful affect.

I just thought I would share this bit of circular podcast listening with you. I believed you would appreciate my “oh shit” aka aha moment concerning our society. Any thoughts? Have you done an interview with G. Edward Griffin? It may be interesting to hear what he has to say on the Trump era.

Thanks again for your truly insightful podcasts.
[Name]

No thoughts. I just appreciate your feedback!

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.

“For some reason today was the day I discovered your podcast…”

Posted on by Michael Covel

Feedback in:

For some reason today was the day I discovered your podcast. I listened to your interview with Art Collins and of course I loved it. As a financial advisor, for the past decade, I have built client portfolios using the research from Dorsey Wright & Associates. So, I am already a devout trend follower but I think this is the ideal time to take my knowledge and commitment to another level. Please send the free video and anything else you think I should look at! Thanks so much!

Best,
[Name]

Will do.

Check out also 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.

“I serendiptitously had Ed Seykota as neighbor…”

Posted on by Michael Covel

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Michael,

I started my career with E.D.&F. Man in NYC in the early 1980’s and later in London. I had the pleasure of meeting Larry Hite & Peter Matthews in New York. They started me on my trend following and quantitative asset management journey.

Between NY and London the Man Group had me work for a while in Hamilton Bermuda. While living on an incredible estate on the South Shore I serendipitously had Ed Seykota as neighbor (he lived in the main house and I lived in the guest house on the old J.P. Morgan estate). Ed was generous with his time, whiskey and cigars and I learned a great deal in the short time we were neighbors.

In London, I was around for those exciting years when Man began its initial expansion into the CTA/AI world. One of its first major acquisitions was of AHL (Adam, Harding and Leuck).

Your book is like a walk down memory lane for me and I wanted to thank you for it!

What strikes me as incredible is just how resistant mainstream institutions remain after over 3 decades of evidence as to the efficacy of trend following and the abject failure of EMT based asset management. I work for a major US Bank/Brokerage/Financial Management Firm of the ‘Too Big to Fail” ilk and the policies it pursues are clearly about managing their “liability” as opposed to managing their clients money in a results oriented manner. Fortunately, I have found a team within this environment that is swimming against the current and has fully embraced trend following to develop strategies for its clients. Our activities are viewed as subversive but are for the most part tolerated…to date.

I look forward to devouring your book and the ammunition it will provide me in my personal mission to help as many innocent investors stuck in the EMT trap!

Best regards,
[Name]

Thanks for the great feedback!

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 best entry system?”

Posted on by Michael Covel

Feedback in:

Dear Michael,

I recently finished your new book, Trend Following. This is your best work to date and I thoroughly enjoyed reading it!

I was hoping to get some guidance from you regarding the best entry system. In chapter 23 of your book, you do a great job of comparing the 50-day channel breakout to the 10X100 simple moving average crossover. It appears to me that the moving average results were superior to the channel breakout method. While both methods have demonstrated good historic results, which method do you recommend today?

Thanks and best regards,
[Name]

It’s not an either or answer.

Both work.

Please don’t think my answer is curt or blunt, it’s not!

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.

“They are absolutely fantastic! There is so much good material…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I am from [Name]. I am a discretionary trader. I had some success and lot of failures over 10 years that I have been trading. I have tried all sorts of different methods. I have had success with option writing strategies and blown my account up a few times with with the same methods. A few months ago I was googling “Good Trading Podcasts” and I stumbled upon your website. I have listened to approximately 30 to 40 episodes from Trend Following Radio. They are absolutely fantastic! There is so much good material in them and you prepare very well for each episode.

I am just about to go for a 7 hour drive home now and I will be listening to 7-10 more episodes on my way. They make long drives go by so fast. I am interested in the methods you are promoting and am looking to find out more about them. Since you have done so much good work with the podcasts I am going to be purchasing the 4 books you have published (I believe you have 5 books but your newest Trend Following Book covers everything from the first edition. Correct?). You also have me interested in Jack Schwager’s material along with many other people’s material who you have interviewed. Anyway I will be purchasing your books this evening when I return home. Thanks again for the great podcasts and the amazing guests you have on them. You just made another sale because of it.

Thanks!

Starting steps: www.trendfollowing.com/start

PS. Yes, newest edition of TF (Wiley; 2017) is what you need.

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.