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Tag: feedback

“Thanks for your most interesting Ep: 571: Jimmy Soni and Rob Goodman Interview!”

Posted on by Michael Covel

Feedback in:

Hello Michael,

Thanks for your most interesting ‘Ep: 571: Jimmy Soni and Rob Goodman Interview’ re Claude Shannon.

I’ll admit that his paper was mostly over my head when I read it as a grad student in the Interdisciplinary Telecommunications Program at the University of Colorado, but certainly the idea of applying wide interests to supposedly specialized fields is something I do understand, having gone from a BA in another interdisciplinary program, a great books program as an undergrad, to doing software development and architecture at Nortel in the 90s, by way of a long period of budget travel in Europe in-between.

Re your exchange w/ the authors re collaboration: the below podcast is a glimpse into Penn & Teller’s collaboration over 40yrs, not so smooth as the collaboration that Soni & Goodman describe among themselves. May your collaboration be as fruitful as P&T’s, and more in-sync at a personal level!

https://www.thisamericanlife.org/radio-archives/episode/619/the-magic-show?act=1

Best,
[Name]
Dallas

Thanks.

“The views expressed… make me feel both encouraged and uncomfortable…”

Posted on by Michael Covel

Feedback in:

Mr. Covel,

I would like to sincerely thank you for your massive contributions to the world of finance. I have been listening to your podcast for almost a year, and I just read your latest edition of Trend Following. Each of these has been life changing. The views expressed in each piece of work make me feel both encouraged and uncomfortable.

I am encouraged because many of your trend following and life philosophies match my own. I am uncomfortable because some of them are the exact opposite of my own.

Being that discomfort creates growth, I am excited about further exploring the views that make me feel this way. In that spirit, I would like to ask a question or two about how my current trading system does not match up with some of the trend following principles,

1. As a rule, I do not short companies whose PPE outweighs their market capitalization. My reason for this is that they become prime candidates for acquisition or restructuring which could really hurt my short position. Do you have any rules in your system where fundamentals or external factors will cause you to not take a position even when the trend is strong? Do you think any kind of rule like this is justifiable?

2. I currently use a 5% trailing stop to exit a winning trade with 10%+ profit. After reading your book, I think this is too conservative. What are your thoughts on the use of trailing stops to exit winning trades?

I know that you are a very busy man, and I will not be offended at all if these questions go unanswered. I will continue to listen to older episodes of your podcast and read more books on trend following in the hopes that I can find them myself.

Keep up the great work. Your passion shines through and is very inspirational.

Thank You,
[Name]

Thanks for your nice note.

Let me ask out of the gate: Why the need for fundamentals, a trailing stop and a profit target?

Let’s start there.

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.

“If you have your mind made up without finishing the book, best of luck…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I am interested in getting into Trend Following and am trying to find good entry and exit signals but I haven’t found anything good yet. I am also reading your book, about 40% through, and find that it is very generalized and more defending trend following without helping someone who is already convinced.

Appreciate your advice!
[Name]

Have you read Chapter 10? Have you read Section III? Why the fixation on entry/exit alone over other parts of trend following that are clearly far more important? Please also define good. You have narrowed your focus to one item that you perceive withheld from you and all else is apparently superfluous. I am open to a discussion, but if you have your mind made up without finishing the book, best of luck.

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 have slowly arrived at podcast 138…”

Posted on by Michael Covel

Feedback in from an email conversation spanning over a few months:

Dear Michael Covel,

Thank you for your work. I recently found your podcast, and I’m listening to each one from the beginning in chronological order. So far I am up to number 28, Entrepreneurism: The Importance Of Not Doing What You’re Told. Excellent work, excellent podcast.

Best wishes,
[Name]

Thanks!

I’m still making my way through the podcast archives, and finding much value there. I note that you sometimes make references to films (delighted with the mention of Reservoir Dogs), and I wonder, have you seen the John Carpenter film, “They Live”? If you haven’t, I am sure you will enjoy it, it is a “them and us” satire on the state of capitalism, with most of “the people” in a dream-like state. Great soundtrack, too.

Is that the one with all the messaging? And Roddy Piper?

That’s the very one! I have slowly arrived at podcast 138. Up until now I tried not to email about the fact that I am a repeat visitor to Thailand, yes, I love the energy of Bangkok, and it just so happens that I will be spending two weeks in Krabi in the next couple of weeks, but you went and did a Pulp Fiction thing. I had to email. That’s it. I have an email following system. There are rules. That’s it.

Much love,
[Name]

Thanks!

Note: My newest edition of Trend Following has an audio book version out now.

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.

“Systematic trend-following may well be the best kept secret in finance…”

Posted on by Michael Covel

Feedback in:

Hi Michael:

I’ve just submitted a brief review to Amazon UK [for Trend Following]. I’d do the same for Amazon.com but the site keeps redirecting to the UK website. If there’s some way round this I’d be happy to post it there too. Feel free to use this in any way that might be helpful.

“Systematic trend-following may well be the best kept secret in finance. A friend of mine recently crunched the numbers on the best funds in the world. To make the final cut, a fund had to have an audited 20 year track record, and over that period also had to have earned net annualised returns of at least 20%. That’s an almost impossible hurdle. 11 funds made the final cut. Six of them were trend-following funds.

It’s not just about returns, it’s also about diversification. Trend-following funds tend to zig when other, more traditional funds, zag. And in 2008, for example, one of the worst years for financial markets in living memory, trend-following funds generated high positive returns. Given the egregious overvaluation of most stock and bond markets today, trend-following funds almost certainly have a role to play in anyone’s portfolio.

Intrigued? Want to know more? This book will likely become the bible with regard to the trend-following sector. In writing it, Michael Covel has, once again, acted as the ambassador for the industry. A great job, and an excellent introduction to one of the most fascinating – and successful – forms of trading out there.”

Best
Tim Price

Thanks Tim!

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.

“If you are gonna fail, fail as fast as you can…”

Posted on by Michael Covel

Feedback in:

Hello again Mike, here’s a quote from Reid Hoffman, Venture Capitalist and one of the founders of LinkedIn (As I’m sure you already know):

“If you are gonna fail, fail as fast as you can so you succeed in the long run. Because you get off the failing path, you alter it to something that may succeed.”

Sounds a lot like cutting your losses and letting your winners run eh? Trend Following? I think so. Haha.

Hope you have a fantastic weekend!
[Name]

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.

“Who are these people who disagree?”

Posted on by Michael Covel

Feedback in:

Hi Covel, want to give a suggestion to your podcast. I bought & read your book and I’m 99% converted into trend following. Great book, great info. However I would love to listen to a podcast episode where you interview someone intelligent who disagrees with both 1) you and 2) trend following. Its good to hear and know the 2 sides of the argument before I embark on this road. I think many of your listeners would also love to hear that. It would add to your credibility having the guts to bring someone who might expose you.

[Name]

Who are these people who disagree?

Seriously.

Names?

And what exactly are they coming on to disagree about? Cause they are not disagreeing with just me, they are disagreeing with every trader, academic and fact in my book.

Bottom line, this is not just Michael Covel v. the investing world.

Note: Ideas for a real person who fits his bill?

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.