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Tag: holy grails

100% Useless Information (An Example)

Posted on by Michael Covel

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**.

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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.

Before the Crash Wall Street Week October 16, 1987

Posted on by Michael Covel

No particular reason to post this except that all fundamental analysis sounds the same regardless of decade:

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.

Two Guys That Have No Clue About Anything: Otherwise Known As Standard Wall Street News

Posted on by Michael Covel

Watch.

I like to review the Linkedin profile of these money reporter types. Their CVs are often more informative than words spoken.

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 Goes Against Established Orthodoxy

Posted on by Michael Covel

Trend following can be a counterintuitive. It goes against the orthodoxy of buy and hold, fundamental analysis, value investing, Warren Buffett, EMH and Federal-Reserve-Trust-the-Government ZIRP policy. Further, it is not day trading, HFT, Elliott wave or candlestick patterns. All market prediction strategies are false narratives.

Trend following is something different. Trend following reacts to market movements.

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
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• Trading Technology
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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.

Leave Your Analysis at the Door

Posted on by Michael Covel

Feedback in:

Dear Micheal, I have a question for you that you might be having an answer for it. The question is related to those that try to ignore your market views only because its not based on fundamentals but based on TA [technical analysis], which is a huge debate that has been going on for centuries. For example, when you do your analysis and come up with a result that [the] market is indicting weakness in the medium term but market continues going higher and after few weeks or a month markets start to sell off aggressively and losing 15% in 1 week. Those people come to you and tell you, “But you where bearish for a long time and market went up and if we sold at that time we would have lost that the extra profit,” while if you told them [the] market could drop tomorrow, and it did they will also say that there was not enough time to get out as your call was late. How do you over come such debate? Appreciate your thoughts. Thanks in advance.

I am a trend follower. None of this debate or analysis applies. Have you read my first two books?

Note: Asking to read my books is not a dodge to his question, but rather an answer that will make his life better if he listens.

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 Give You The Head Start Trend Following Advantage

Posted on by Michael Covel

A recent email exchange:

Michael, How well does your system perform? What is the rate if wins over losses? What is the largest gain and largest loss on all your trades? What is the average length of time in a trade? What is the average gain of all your trades? I am trying to get an idea if your system will benefit me.

Thank you.

Sincerely,
Marcus

Beyond details here a few extra points to the service I provide:

    1. Classic trend following systems.
    2. Winners will typically be 3-4 x the size of losers. Winners typically 30-50% (of course “expectation” is the issue, not “winners”).
    3. Portfolios can vary, performance will vary.
    4. Risk/reward are related, so the end user can try to achieve a greater or lesser return. Drawdown of course related to these choices, and will vary too.
    5. Trades can be stopped out in days or weeks. Winners could exceed 1 year.

Are you a trend following trader now?

Mike, I don’t know what it takes to be a trend following trader. I have read all of your books, and I still have yet to get an idea of what your system is like. Most I read is about how well people (like the turtle traders) do, but not very much substance. I have been scammed multiple times before so I am very hesitant to buy anything that has not been tested out.

Sincerely,
Marcus

If you think my world is a scam please don’t join up. Just want to be upfront. I am simply giving you a head start and charging for it. You could figure it out on your own, but might spend years. There is no Holy Grail, it all takes work, but I do help people get there faster with actual systems they can apply.

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 Can Accurately Forecast? No One!

Posted on by Michael Covel

This article excerpt from Joshua Brown recently came into my in box:

People Who Cannot Accurately Forecast Markets

1. Hedge fund managers
2. Wall Street’s top strategists
3. Technical analysts
4. Day-traders
5. Swing-traders
6. Newsletter writers and book authors
7. Journalists
8. Financial advisors
9. Your dentist
10. Leading finance professors
11. Famous economists
12. Bloggers and columnists
13. Tweeters
14. Horses who count with their hooves
15. Astrologers
16. Value investors
17. Investment clubs
18. Message board aficionados
19. TV hosts
20. Mutual fund managers
21. Sell-side analysts
22. ETF companies
23. Institutions, pensions and endowments
24. Me
25. You

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.