Subscribe now and watch my free trend following VIDEO.

“Covel Showed Me The Door, I Just Walked Through It”

Feedback in:

I have just started my trend following journey. I had discovered this method in trying and failing for years at forex although I haven’t lost more than a few hundred thus far. Naturally once I heard the term trend following I immediately had an Aha moment. I am a regular or less than regular 30 year old uneducated guy. I have spent most of my life though learning about everything. I have taught myself a lot over the years so I’ve always known I could beat the market. Being a poor person has left me with little or no capital to make any realistic gains and when I have hear comes all the shit over data and news, and wiped me out. And every time I get mad at my self for not performing to my own standards which I see as my potential. I am writing you this letter because I have found myself in desperate times for a number of personal reasons, but in discovery of trend following I have found my way even if it takes me years. I have listened to almost everyone of your podcasts! and consumed as much information I can from anywhere I can. I would like to thank you for giving all us poor people a free opportunity to learn not for the magic bullet buy here sell there but for the general idea and the wisdom of saying see what you can do. I am currently trading forex with this method do to my limited capital and my ability to leverage. Whether I am successful or not time will tell but I’d like to thank you for everything you do basically for free and if I do make it I’ll have to say, “Michael Covel showed me the door, I just walked through it.”

Thanks,
Adam

Adam, thanks, but no more calling yourself poor. Poor is temporary, in mind and wallet.

Don’t Try and Compare Capital

Feedback in:

Hi Michael, my name is Charlie, I’m writing to You from Poland, Central Europe, nearly 300 km from the Vilnius you were talking about in Your recent podcast. BTW Your surname ‘Covel’ is probably Polish and Lithuanian ‘kowal’, which is…a blacksmith. I’ve read Your books and I really like the idea of trend following, I’m using that technique on Warsaw Stock Exchange for years and US market for past 7 months. My TWR is 22,5% with max. drawdown -2,69%. I wanted to ask uou a question: in your opinion how big [of a] portfolio (in USD) has an average US citizen, who is about 30-35 years old, after higher education, working in a big private business (banks, big industry companies)? Is it approximately 50k USD, 100k USD or maybe 500k USD? I’m just looking for an opinion, I’m not interested in averages, statistics and so on. I’m just wondering what is the difference in size of portfolio between a well-educated and let’s say successful guy in central Europe and USA. Thanks in advance for Your reply

Best regards
Charlie

Charlie, there is no way to give such a number. See: trendfollowing.com/capital.

Note: How do I pronounce my last name? Co-vell. “Co” rhymes with toe. “Vell” rhymes with bell. Equally accented each syllable. It was shortened from Covalesky, which was shortened originally from Kavaliauskas. Lithuanian my father’s side.

Learn to be a trend following trader.
Sign up free today.