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Tag: podcast feedback

“Excellent work, excellent podcast…”

Posted on by Michael Covel

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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!

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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.

“My book shelves are creaking…”

Posted on by Michael Covel

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Dear Michael:

After many years in banking and by way of industry compliance regulation limited in what I can actually do with my money (I had already become very disillusioned with buy and hold “investing” only) I decided to investigate what was possible without loosing my day job. It seemed spot FX was about it. I started to look at trading and it has been the most remarkable journey. I have discovered so much about myself to the point where my wife commented that even my interaction with our two small children (3 & 4 years old) has changed completely. I can just accept what is in front of me and that they are nearly always just being children. No build up of steam! All of the key psychological lessons that are important to being a successful trader are equally important to practice in everyday life. The moment of now, take responsibility, look at what one does and does not control, it goes on.

Although I came to your work (starting with your book Trend Following) after I had already started along this path, you have expanded my horizons well beyond what I would ever have picked up and read without listening to your podcasts. I travel weekly with work, so find time to listen to many of your interviews and then often explore the written works of the interviewees. My book shelves are creaking, so now I need to give up the day job and trade full time, so I have the time to read all the wisdom contained therein.

Thank you for that inspiration.

Kind regards
[Name]

You are welcome!

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 Feedback

Posted on by Michael Covel

Feedback in:

Hi Michael,

I wanted to take a minute to tell you your podcast is great. I ordered your book, “Trend Following” and received it a couple of days ago. Nice work.

You asked if we started to make money with trend following. First, I should say I made all of my money investing following a value (and often contrarian) philosophy so trend following does not come naturally to me. Still, I started experimenting and developing my own momentum tools (backtesting in Matlab) following some of Meb Fabers ideas and I am getting the hang of this whole buy-high-sell-low thing 🙂 I am taking my time and will go through your book and (and most probably your turtle book) before I decide how I will introduce trend following into my investing framework (I feel lucky as my portfolio is large enough to accommodate partitioning a portion for trend following). I will be sure to let you know how things are going if/when I make the jump.

The only advice I would give is to be careful that the enthusiasm and passion you have for trend following does not come at the cost of denigrating other ways of investing (e.g. fundamental investing a la Stan Druckenmiller) as it may make you seem closed-minded when in fact you really seem extraordinarily curious.

Thanks again for all the great interviews.

Cheers
[Name]

Is Stan a trend follower?

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.

“There is a man I think you should meet…”

Posted on by Michael Covel

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Michael, I play most of your podcast episodes and the one with Susan Peirce Thompson was the first one that I remember that showed your spiritual side. I was impressed. You may agree or not that it was spiritual it doesn’t really matter.

There is a man I think you should meet. His name is Vishen Lakhiani and he has written a book The Code Of The Extraordinary Mind and he has a company called Mind Valley. You might enjoy reading his book and finding out about Mind Valley. A lot of this is available on YouTube. I can see each of you interviewing each other separately.

Let me know what you think
[Name]

Thanks [Name]!

I appreciate all of your support over the years!

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 for the invaluable content you put out there…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

First off, thanks for the invaluable content you put out there. I got your email from your podcast. I’m not sure if you read these emails or have an automated response for all the people that email you. So in case you do, here it goes;

I’m in my mid 20’s living in San Diego and will be transferring to finish my degree in Economics/Finance at a top 30 school this fall. I’ve had no family support and will rely on savings (been working full time to go to school) and some student loans. I have educated myself about the basics in value investing and other investment strategies for the last couple years but I wanted to trade. So I got into technical analysis and started position trading with about $5,000, holding about 3 trades at a time for several months and using stop losses, making money and losing money on small and mid caps in tech, retail and energy, using sentiment and moving averages. So I reverted to value investing and read some more before gambling away more money, until I came across your works.

I am not risk averse, but don’t have the stomach for draw-downs of more than 50%, plus I am a curious individual and like to be involved, hence why trend following sounds more appealing to me. I could have a value and momentum combined portfolio, but sounds like the average yearly return (back tested until 1967) is an alpha of 16% with beta of 18%. I am not expecting to become rich overnight (although that should be every capitalist’s goal) but to make enough to a decent income and enough time to focus on finishing school and learn more and more about the markets.

I understand this takes time and education and in fact have been digesting a lot of books and have be wondering what your take is if you were in my shoes.

Thank you for all you do,
[Name]

Some starting points here and 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.

“Sound capital management best practices…”

Posted on by Michael Covel

Feedback in:

Michael,

Before stating this, I’ll say that I’m a person who has always been buy and hold, and does NOT mind drawdowns. I lived through Black Monday, the Internet bubble, and the financial crisis, and generally just bought more when I thought things were getting near their lows (kind of a trend strategy in itself). I never sold and was happy that things were finally getting cheaper. The market has rebounded every time, and I’ve been fortunate to make what I lost and more.

Having said that, today I placed my first trend-based (price only, systematic decision) orders today with lot sizes based upon a defined and more than acceptable risk, and with trailing stops based upon volatility. There was something quite comforting about having a defined maximum risk, I must say. Also, I placed trailing stops on several other positions in my account as a function of volatility as well. All thanks to techniques I picked up from your show.

I think it was James Rohrbach (episode 17) who first caught my attention with a simple question when talking about the market. He mentioned, with respect to buy and hold, something to the effect that after a large drawdown, the market may very well come back. As true as that may be, he asked, “Is sitting through that drawdown the smart thing to do?”

Some of the trend stuff, such as intelligent bet sizing, risk management, etc., is more than just trend following. It just makes sense as sound capital management best practices. Thanks for spreading the word.

Cheers,
[Name]

Thanks!

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 Resources for New Traders

Posted on by Michael Covel

Feedback in:

Hello Mr. Covel,

Having passed the CPA exam last year, I subscribed to the Wall Street Journal and found your podcast recently. As instructed on your podcast, I am emailing you because I would love any material for new investors that could help me grow and develop past the buy and hold phase I am currently in and learn to become a capable, active investor.

Love the podcast and appreciate your passion and content.

Sincerely,
[Name]

Starting steps: right 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.