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Tag: feedback

Most Financial Advisors Should Not Be Allowed to Even Administer a Foot Massage!

Posted on by Michael Covel

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Michael … I recently started listening to your podcast. Very informative and entertaining. Cool to see Godin and Zen Habits colliding with trading insights. The guests are great but the show is at its best when it’s just you riffing on a topic. And the humor is greatly appreciated (e.g. The comment in episode 51 about someone you would not let wash your car but that you would let massage your feet had me chuckling out loud while out on a morning walk.)

Thanks for cranking out the content!

Todd
Seattle, Washington

Thanks Todd.

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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“You certainly know how to connect the dots and express them with clarity and passion.”

Posted on by Michael Covel

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Michael, In one of your recent podcasts you pointed out Japanese investors and their risk aversion vs. their market’s performance over the past decades. When you next made the accusation that the same thing was happening among Americans you nailed it! It is exactly what is happening here, and, as you pointed out, it goes far beyond just investing in markets. You certainly know how to connect the dots and express them with clarity and passion. I only discovered your podcast a couple months ago but must say that I enjoy your insights and perspective while, alternately, so many other podcasts are so narrowly focused on what the S&P 500 will do in the next day-week-whatever. I find your thinking about how we engage the world around us similar to my own philosophy and will continue to listen and enjoy. Thank you for sharing. Regards,
Steven R.
Deerfield, IL USA

Thanks Steven. Appreciate the kind 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.

Thanks Again for Your Wonderful Wake-up Calls

Posted on by Michael Covel

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Hi Michael, I have started to read your books about 6-9 months ago, and bought the only one I was still missing last week-end! I still have to complete reading of this last one, currently ‘digesting’ the various readings, while I have to fully grasp all the learning into a structured thinking of mine. Over the past 6 months I have also started to seriously listen to your podcasts and trying to catch-up with the long list of great insights. I like your personal way of thinking/speaking: incisive, clear-cut, no unnecessary compromise. Your message goes out loud and clear. Thanks for this fantastic array of shared knowledge! You have clearly influenced (directed?) my belief in price and trend following as the methodology that all successful traders use. I am now a firm believer of ‘taking charge’ and I believe ‘Trend Following’ is the way. I am still struggling a bit to put a system in place. I want to purchase one of your systems, but I am not sure which one. My sons are more knowledgeable in dinosaurs than I am, but not your types of dinosaurs! This morning, I was catching a bit on podcasts and heard you will be in Singapore later in February. I would love to meet you face-to-face. Based on your insights, I would also like to understand why in your opinion, despite using the same system described in your books, the ‘turtles’ did not all have the same amount of success: different leverage? less discipline to follow the trading signals? Do you short the exact same way as you ‘long’ the market?, etc. I am really looking forward to meeting with you in Singapore,
Very best regards,
Patrick

P.S. Two words on me: I am a French national, living in Asia with my family for 8+ years by personal choice. I successfully started a joint-venture in India 8 years ago (but unfortunately did not get shares of it… ), then have been the MD of [name] in Malaysia for 2 years, and have now been developing business in Asia for [name], based here in Singapore. My personal story with the finance industry is not different than the one of many others when it comes to ‘investing/trading’. I initially thought that, as for other Industries, trusting the professional investors was the safe bet, to my greatest disappointment. Trust in banks and pensions funds has eroded with the bad years to the point where I went into reading/listening to make my own decisions. Which is where I am now…Thanks again for your wonderful ‘wake-up calls”!

Thanks! We will try for a Singapore meetup once my schedule firms.

How and why did Turtles have differing levels of success? That is a main component of my book on their story. Take a read!

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
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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.

Finding A Starting Point

Posted on by Michael Covel

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Mr. Covel, I just ordered your free DVD. Have you written a book that goes over your early beginnings in trading, your early thought processes, your early tinkering and experimenting and the steps you went through to that got you to your goals? I am so overwhelmed in my goal of being a successful trader I feel I need to start from the beginning. Just this weekend finished a ‘Rich Dad’ seminar and I am one of quite a few that did not ‘buy in’ right away. Not taking anything away from his program, it was just too much too quick to think about and do and I decided to wait awhile and do more of my own research. We are going to start an investment club here locally. I am tired of thinking “The Machine” is going to take care of me. I have committed to taking my own retirement funds to a new level. And the good thing is I still have a little time (I am 55). Let me know if you have written the above, or something close. Thanks a lot.
Tom G.
Colorado Springs, CO

Tom, all 4 of my books have bits and pieces of a story in them. See 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.

Choppy Market Navigation?

Posted on by Michael Covel

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Hi Michael, I met you at Tim Sykes Conference this year. I am interested to know more about your trend following strategies. Are they applicable in today’s choppy market environment and can we apply it to options trading with time decay working against us with the simple calls n puts? –Monique C.

Time decay is an issue for regular options. But as a trend trader you won’t be trading regular options–just LEAPs options–and time decay is not the issue there.

Choppy markets? One can never predict when a market will be choppy or not. You need a strategy for all markets conditions and trend following fits the bill. It won’t make money during the chop, but it will aim to lose less. Sometimes minimizing losses is much more important v. trying to make money. You can only take what the market gives.

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.

Struggling with the Corporate “Thing” and Podcast Tonic

Posted on by Michael Covel

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Michael, just a quick note to say thanks for making the effort on producing the Podcast.

I travel around a lot in my car working for ‘the man’. But as you know, ‘the man’ sucks and I find myself spending more and more time looking at Trend Following opportunities and listening to you, as ultimately this is what I will be doing. And I totally respect your forthright, no complicit views. I have always struggled with the ‘corporate’ thing and have never been happy really working for the man. Yes, I like a lot of the people I work with, but the bosses expect more and more and more and especially in this economy they know they have you over a barrel. Hey, it just pays the bills man. Don’t love my job, but love trend following.

I find your monologues not only interesting, but highly entertaining. You also have a great knowledge and taste of music which adds to the mix. After a lot of expensive mistakes trading over the years that I have finally within the last couple of months as Jake would say, ‘Seen the light’. By the way The Blues Brothers is one of my all time favorite films and you playing that clip when they are sitting at the little desks in front of ‘The Penguin’ made me burst out laughing on my own in the car! “I guess you’re really up shit creek then.”

Listening to your successful trend trader guests is great because although they are clearly very [successful] men they still talk about the basic principles with enthusiasm and authority. The biggest lesson I have learned (beyond obviously not making those expensive mistake again) is RISK MANAGEMENT and not to get personal on trades. If you ignore these two then its curtains my friend!

I hope you come over to the UK as I’d like to shake you by the hand.

Keep it going.

Kind regards,

Simon G. Monmouth, UK

Thanks Simon for the thoughtful 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.

Trend Following, Yoga and Meditation

Posted on by Michael Covel

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Michael

Hi, I hope you are well today and managing to keep away from the election hooha.

I have started to listen to your podcasts during my commute to and from work everyday (utilizing my dead time so to speak), anyway this morning I finished episodes 17 & 18, where you speak about your yoga lessons and the zen habits website.

I thought they were most intriguing and I wanted to ask you if you have ever tried meditation? I started about 6 months ago with a small group once a week, mainly to help me deal with the daily stress from my current job, but I have found that meditation has really helped me over various parts of my life, and also helps you to get into the now, which is obviously a theme for you and also many trend follows, most notably Ed Seykota. If you get the chance I would very much encourage you to try it.

As a side note, I had a meditation class last night, and we were speaking about fear and how it stops you from achieving all that we as individuals could possibly achieve, and how being in the now and trusting that situations will work out, and not forcing things is a much better way. How coincidental then that this morning I heard your 2 podcasts that were talking about the exact same things.

Releasing fear and embracing trust I feel are two areas that most of us would do well to try and deal with and understand much more. I did think about this this morning and you can see fear everywhere and if you actually stop you can see how it drives people and is responsible for so many decisions made, many on a subconscious level, as an example – even down to the person pushing to get on the train first as they are fearful of not getting a seat.

I would like to thank you for the time and effort that you put into all areas of your work, that allows someone like me to begin connecting the dots.

I have found that listening to your podcasts on a daily basis really fires up my motivation to do well and succeed at trend following.

I hope you have a great day.

Kind Regards,

— Clare

Thanks Clare! Just getting started on meditation. Learning!

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.