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Where Do I Start?

Feedback in:

Thanks so much for taking my email. I was recently pointed to Michael Covel’s podcast while listening to a Stansberry Radio podcast. I’m a touring musician, and these podcasts are what I listen to when I get the late shift to drive the bus! Really keeps my brain thinking. As with most musicians, I have a passion for what I do and have enjoyed the past 20 years doing so. However, the financial hardships that this can bring to a family are evident. My wife and girls have been an incredible help to me, and have supported me in all my escapades. We have had the opportunity to travel the world, and feel really blessed. Now, although I am still touring, I’m looking for a different opportunity for the future. Before moving into music for a career, I worked with in a financial advisory role out of college with a local firm. I obtained all the “needed” certifications to do so. However, looking back, I was nowhere near a place to be giving out financial advice. I was just selling. As I have gotten older, I am truly considering diving back in for the benefit of me and my family. I don’t have much to start with, but have been pouring through material. I have always loved the markets and the work behind the scenes. However, I don’t always understand the entire process. I know that I need to be taught a plan/system and rules to follow to start, but really have no idea where to begin in that. I have been reading everything I can get my hands on as money and time allows including the book about the Turtles. I really feel like this system, once understood, I can stick with. The rules to me do not appear to be hard for my personality type to grasp/hold on to. I like to win… even when a system might take some losses to grow. I guess I am really contacting you all to reach out and ask for some help. I have opened a small trading account with low transaction fees. I’m really starting from scratch and wanted to get your advice on what is the best way to approach things and what steps you would recommend. Thanks again for the time, and for the podcasts and books. I have really enjoyed the experience already. I look forward to hearing your recommendations and advice.

Brian [name]
[name], TX

There is no short answer, but here are some:

1. My books.
2. My training and systems.

Those are the best places to start.

Note: A great benefit to trend following? You don’t have to be glued to a screen. Far from it.


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.

Don’t Run Against the Wind… Go With the Flow

Feedback:

Hi Michael, A quick note to thank you for the wonderful podcasts (and your books). I’ve been listening to them whenever I go for my runs a few times a week. And in the midst of all the market nonsense, these podcasts (TF-related or not) have kept me sane as I trade trends. TF is like running with the wind which may not come all the time. But when they do come (slow or fast & furious), I make sure I run with it, not against it. It’s easier that way. I sometimes wonder why people run against the wind. Press on with your work!

Warmest regards,
Francis

Thanks Francis!


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.

17% Per Year?

Feedback:

Hey Mike, I’ve been wondering something about the returns of trend followers throughout the decades and I would like to hear your opinion. I believe I once heard you say that the average trend follower according to the data available indicates an average return of about 17% annually (Correct me if I’m wrong). However, I can’t help but think of the incredible returns of hundreds to thousands of percent that Jesse Livermore and others in day like Bernard Baruch (don’t know if he was a trend follower) was able to achieve. If I remember correctly, at one point, Livermore was doubling his money almost weekly. What do you think is the reason for such astronomical returns? I think there was more to it than just the 10 to 1 stock leverage of their era. Do you think it was because of Livermore’s poor money management? He did have a tendency to bet to entirely too much on his trades. Perhaps it was the combination of betting too much plus the 10:1 stock leverage. What do you think?

There is not some one set return number for Trend Following (i.e. 17%). Those old guys? You have their audited returns?


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.

Gaining the Entrepreneur Angle

Podcast feedback:

Michael during your most recent podcast with Dan Andrews, he asked you if your listeners would like the entrepreneur angle. The answer is yes. I’m sure a lot of listeners like myself are working hard on making the transition out of the cube. Exposure to inspirational people like Dan is tremendously valuable. Thank you for doing this episode. Please look to bring in similar guests.

Thanks
Brandon

PS you might want to look at Lewis Howes if you are not already familiar with him. Could be a good guest.

Thanks Brandon. Great feedback. Will let Dan know too. Met Lewis briefly before–good idea.


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.

Where To Start in Trend Following…

Feedback in:

Hi Michael Covel, my name is [name] and I graduated from Rutgers University last year with a BA in Mathematics and Economics. I have been following your podcast and have read a couple of your books and am very interested in pursuing a career in trend following. I was always disenchanted with the investment banking paradigm, but really believe in the power of trend following. I have been following the markets for the past 5 years and have invested some of my own money during that time. What are some good ways for a guy just starting out to get his foot in the door in this industry? I believe the experience that comes with working for an experienced trend follower would be invaluable. I look forward to hearing from you soon.

Read Linchpin by Seth Godin.

Read Atlas Shrugged.

Read Jack Schwager’s Market Wizard books.

Read my four books.

Listen to all podcast episodes.

Knock on doors if you want a job.

If you want to be a trend trader? Get a system and start trading.

Short list–lots of advice.

Note: Be prepared to never be hired by a trend trader. Then what? Back to my list. You can also consider other options here.


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.

Manipulation, Talking Heads and Holy Grails

Once you see how the system is trying to manipulate you, you can’t go back to your old way of thinking. The talking heads and holy grails are everywhere you turn:

Michael, I saw this on the front page of the Yahoo finance page this morning and got a good laugh. After listening to your podcast I notice these little nuggets all the time.

Bill

Thanks 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.

Plays?

This email just came in:

Please forgive me if this may seem ignorant, but do you call out plays with your subscription service?

What do you mean?

Additional Note: Yes, I know what he meant, but I wanted to hear him explain it. My firm teaches clients how to make the plays, not trust gurus. The propaganda machine of how you are supposed to do it is alive and well. Plays…


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.