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.
Feedback in:
Hi Michael. Dan in Boston here, hope you are well. I’ve been devouring your podcast after I heard you on the Stansberry podcast. Thanks so much for sharing all the info / state of mind, it’s F%$ing awesome!
Question for you regarding dividends. Will you ever hold a stock that’s trending downward because it’s throwing off solid dividends? I know you can’t talk individual stocks (assuming you can’t) so I’ll just say I bought a BDC that’s throwing off a monthly dividend, annual rate is over approx 12%. I’ve got a few other BDCs all throwing off similar dividends which are generally trading sideways but I’m up on a couple of them. Seems like they are a hidden jewel that nobody cares about. I bought them after the were dis-included from the Russell 2000 ETFs so I got ‘em at rock bottom prices.
I bought the one I’m referring to before I discovered and began to knuckle down into trend following. It’s trending downward but very slowly. My technical indicators are obviously negative but they aren’t screaming toward the bottom, just very slowly shaving off a few cents per day. I may of course hit my stop, however it’s only about 15 cents shy of my buy price, and the dividend is keeping me slightly ahead and reinvesting it I’m still in the green. I’m adjusting my stops to reflect that as well, so either way if I stop out I’m not gonna get hurt too badly, if at all.
Question is do you ever factor dividends into your trend following? I probably answered my own question as I’m still making money on the stock, but would love to have your feedback.
Keep up the great work man, I just finished chapter one of the Little Book of Trend Following and I’m sure within the next few months I will read all your books. I too believe people are sheep and freeloading off the system, I’m an entrepreneur anyway, so trend following is a natural extension of my life.
Cheers
Dan
Thanks Dan for the nice words! Let me keep it simple–judge the trade by price action always (not dividends). Holding onto a losing stock because it is spinning off a dividend is not trend following. Perhaps, the math works and it is ok for your situation, but it’s just not trend following.
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.
A recent email:
Hey Mike, Hope you’re well. I’m sure you’ve come across this before, but in case you haven’t, I thought you might enjoy it. BBC documentary on novice traders. I think when you surround yourself (via social media) with people that trade in a similar way and have a similar ethos and perspective, it’s easy to forget that this is still how the majority of trading occurs.
Barmy! Take it easy!
[name]
Yes, useless day-trading-reality-TV-sh**.
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.
Send me your feedback and I will send you a free CD:
Hello Michael, I just started listening to your podcast from the beginning and am up to Ep. 39 where you said that If I can show proof of purchase of any of your books you would send additional material to read, (see attachment).
Regards,
[Name]
What address can I send to? A day later the conversation continues:
Hello Mike, if this is the same [set of] articles you were giving…then I just received the CD last week. If this is something new to read then you can send it to the following address: [Address]
When I was 18 I really wanted to trade the markets but living in the small town of Stratford, Ontario, Canada, it was hard for me to find an easy way to get into the markets. Back then, (1989), I looked at and plotted charts to see the patterns but was never able to take the next step.
Just so your aware, your podcasts are a real eye/mind opener and reminded me of what I saw back then. I am currently putting my plan together.
My goal is to make money. My plan is to read as much as I can find on the trend following methods. Before I start I plan on reading all 4 of your books at least once and get through 75% of your podcasts, (currently at Ep. 47). At the moment I see my only hold back is fully understanding and setting up my risk management plan and my position sizing. Right now I only have between $5k and $10k, but next year I will have $24k more when I am able to transfer one of my Canadian LIRAs over to the US. Yes, I was a buy and hold guy.
If you can recommend what you think are the best books to read for Risk Management and Position Sizing that would be a great help to me. I have a very analytical mind therefore I plan to tackle Ralph Vince’s books to see what insights I can find there.
Thank-you again for all you have done, Best Regards, [Name]
Same CD! In terms of books check out my favorite books. Thanks for all of the nice words.
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.
Looking for a system that works in all markets? Consider some feedback:
Hello Mr. Covel from Turkey, I have read your book. I have been interested [in] trendfollowing for 4 years, but I am look[ing] for [a] trading system that work[s] for everything–all markets. I have not found the system that works [for] everything, and it makes me angry. Can you give me advise [on a] system that work[s] everywhere?
Best Regards,
[Name]Note: I have been back testing for 4 years.
My trading systems work on all markets: read. Have you reviewed? Also, don’t be angry. That won’t help you.
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.
Recent feedback:
Michael, Just discovered you two weeks ago and have been listening to your podcasts everyday since. I have only been able to scratch the surface of all that you have available out there, but the podcasts have already had a huge impact on the way I think about trading and life in general. I really appreciate the effort that you put into the podcast production. I have ordered your book and should receive it tomorrow and will be finished reading it by this weekend…I would appreciate receiving your [free] CD of resource papers. Thank you so much for what you are doing.
Best regards,
[Name]
Houston, Texas
Great. Drop me your address for your free CD! Want the free CD too? Drop me a line.
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 recently reached out to an old trend following friend for a research paper I could not find. This was our interchange:
Hope all is well in [City]. Give me an update! Hey do you have this by chance?
He responds:
Good to hear from you. Let me see if I can find this paper. Ask [Name] also, but the abstract matches our own internal research findings. The update on [Name] is that we’re doing very well. We successfully got past our […], currently running at [number] in annual revenue and growing quick, [number] employees, clear vision for the future. I see us growing to [number] AUM within 5 years. Please consider helping your own loyal followers and encourage your young people looking for opportunity to contact us if they are interested pursuing this industry as a career path. We take bets on unconventional people if they show aptitude. As an example our best [name] and our best [name] came to learn about us via your blog and podcasts. They moved here from far away places like [name] to pursue their dreams and now their lives have been positively changed for the better by joining the meritocracy of [Name]. You have the power to change peoples lives by simply making them aware of an opportunity which they do not know exists.
We’re looking for PSD’s (Poor, Smart with a Deep Desire to Succeed)
Thanks! Fun 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.