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Tag: Trend Following

No Desperation

Posted on by Michael Covel

Feedback:

Good Day Michael, I received your letter and DVD and am really interested in learning the techniques of trend trading. I have lost a large number of money using Futures and CFD trading platforms in South Africa. Only to uncover that the company whom I used to trade with was actually ripping me off, they use internal stop loss hunting systems and internal trading desks basically to defraud unknowing small traders like myself. I reported them to the Financial services board in South Africa and the case is currently under investigation. So to say the least I am very skeptical about trading again due to the large amount of Rands I have lost. I guess part of the reason I lost the funds was a mixture of greed, fear and ignorance. Not that I am wealthy to say the least I used my investment savings payout of 10 years, as I thought I could fast track my pension savings. Now I am self-employed and do not have any real spare cash to play around with and risk losing again. I do however feel positive after reviewing your website and in Rand terms the investment required to sign-up is quite significant for someone who has 3 small kids and a wife to support and who is self-employed. But I am prepared to take a calculated risk this time and educate myself first with a winning system, but also I need to know that the trading platform that will be used is not stacked against me the trader and it appears as your is actually stacked in favor of the trader. I hope your special offer can make it affordable or maybe you have a special payment plan option that can make it affordable to become one of the students of the process. I hope to hear from you soon.

Trend following trading is not something that relies on a broker or some other financial shark. It is based on price movements and philosophically on your entrepreneurial desire. It is a trading style that can put the odds on your side. However, no one should make any investment or start any investment research with desperate money. However, if you know your risks–no one should tell you to stop moving ahead.

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.

Government, Markets and Media Propaganda

Posted on by Michael Covel

Feedback from Australia:

G’day Michael, I have recently discovered your podcasts, am awaiting your DVD, have signed up to your e-mailing list and have just brought one of your books. I’ve already had one of those ” ah-ha” moments, whilst listening to a podcast, and can’t wait now to sink my teeth into one of your books. Thought you might find this next bit amusing, we’ve just had the election here in Australia, and have a guess what all the media outlets are blaming for the so called “sharp rise” in the market. Of course you got it right, a change in Government. Gee haven’t heard that one before! Thought you might like the giggle factor in that one. Thanks again for helping me in gaining the momentum to get the education I’ve been looking for. Much appreciated.

Kind Regards,
Guy

Thanks Guy!

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.

Ep. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Michael Konik
Michael Konik

My guest today is Michael Konik, the author of many books of fiction, non-fiction, and essays. Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts.

The topic is his book The Smart Money: How the World’s Best Sports Bettors Beat the Bookies Out of Millions.

In this episode of Trend Following Radio we discuss:

  • Similarities between Konik’s world and the Turtle story
  • Konik’s background and how he came into this world of rule-based betting
  • Some of the stories about “Big Daddy” Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik’s book and the most successful sports wagerer in the world
  • Position limits
  • Konik’s theater background and how it tied in to the experiment
  • Sports betting technique, the line, the Kelly Criteria, and “Big Daddy’s” own line
  • The “brain trust” and how “Big Daddy” led his operation
  • Point spreads
  • Looking for value rather than a favorite home team
  • The importance of a dispassionate outlook
  • The importance of knowing why you place a bet or trade
  • How the brain trust came up with a line better than the other lines out there
  • The importance of injuries in sports betting

Listen to this episode:

Jump in!

They Don’t Understand

Posted on by Michael Covel

Some will never get it. This is why trend following will always work. This is why trend following will never become over crowded. A recent email:

[I have a] new fund 3.5 months underway and we’re up 4.5 pct vs SP500 up 5 pct, but we’ve only been net 17 pct long so created 3.65 pct in alpha. [I] was just at [a] Morgan Stanley hedge fund conference, [I] was presenting and [a] big fund of funds investor asked us how we did in July. [I] said we were up 2.60 pct vs SP500 up 4.9 pct. He said, “That’s great” and that we must have killed it on the long side. [I] told him we made money on both sides. He said, “You made money short in July??”? [I] said, “Yea.” He said, “But the market was up 5 pct, how’d you do that?” I said, “Not all stocks were going up in August.” They can’t understand.

Thanks for the story.

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.

Ep. 159: History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio

Posted on by Michael Covel
History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio
History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio

Please enjoy my monologue History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Where Do I Start?

Posted on by Michael Covel

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.

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.

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

Posted on by Michael Covel

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.