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Tag: Trend Following

“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.

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• Frequently Asked Questions
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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.

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
• 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.

“Become the Conduit of Ecstatic Truth”

Posted on by Michael Covel

From Gaping Void:

I am the conduit of ecstatic trend following truth: listen.

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.

How I Look At The Markets

Posted on by Michael Covel

The markets are a science. Plain and simple. Some like to look at fundamentals and guess what will happen next. I like to look at the numbers. The facts. The only thing you can trust. Billion dollar hedge fund manager David Harding views the markets similarly:

Our approach to markets is a science. It is an unpublished science, but it is a real one. You would have thick leather-bound volumes of papers on it if there were a willingness to “open the kimono,” as the horrible modern expression has it. The process of trading our system is like repeatedly drawing different colored balls from the statistician’s apocryphal bag. As we draw out a ball it becomes part of the track record, and we put it back in the bag, but there is no guarantee that the balls will come out in the same order in the future.

Trend following is speculation in its purest form–find an edge and exploit it consistently over time. That attitude is critical for any entrepreneurial success. Throw the lottery mentality away. Forget the one hit wonder luck the press propagates to the masses of lemmings. Learn the real way to profit that goes against buy and hold (hope).

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. 96: Critical Thinking with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Critical Thinking with Michael Covel on Trend Following Radio
Critical Thinking with Michael Covel on Trend Following Radio

Please enjoy my monologue Critical Thinking the Trend Following Way 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.

Finding A Starting Point

Posted on by Michael Covel

Feedback in:

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.

Ep. 95: Chris Kacher and Gil Morales Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Chris Kacher and Gil Morales
Chris Kacher and Gil Morales

My guests today are Chris Kacher and Gil Morales.

Kacher is the co-founder of TriQuantum Technologies, holding company for KJA wherein he is lead portfolio manager. Dr. Kacher’s metrics have called every major top & bottom in bitcoin since 2011 to within a few weeks of the top. He was up in 2018 vs the average performing crypto hedge fund at -54% (PwC).

Morales was personally recruited by Bill O’Neil himself to join William O’Neil + Company, Inc. as a Vice -President and Manager of the Institutional Services Division, responsible for advising over 600 institutional investor clients, and as an internal portfolio manager responsible for managing a portion of the firm’s proprietary, internal assets. From 1997 to 2005 he achieved a return of approximately 2100% in his portion of the firm’s proprietary account. In 2004 he was named Chief Market Strategist at William O’Neil + Company, Inc.

The topic is their book In The Trading Cockpit with the O’Neil Disciples: Strategies that Made Us 18,000% in the Stock Market.

In this episode of Trend Following Radio we discuss:

  • The “O.W.L.” ethos, and the story behind it
  • Reversion to the mean mentality, and how it can often be the kiss of death for traders and investors
  • Trading psychology, the idea that “you must lose to win”, how the least important statistic is your percentage of gains v. losses in your trading account
  • Dealing with emotionalism and why clients often want to hear something that will make them feel better
  • Teaching people to let go of the news and simply watch the price action
  • Why people think that “this time is different”, put their trust in the central economy, and why trend following will survive into the future
  • Understanding that investing is always a process of changing along the way
  • What mental clutter in the way of fears, biases, concerns and more can build up in the mind and get in the way of clear and decisive decision-making

Listen to this episode:

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