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Tag: Trend Following

“Thanks for the invaluable content you put out there…”

Posted on by Michael Covel

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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
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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.

“It reminded me of another Singaporean anecdote…”

Posted on by Michael Covel

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Mike…

I loved your story about being recognized by a Singaporean cab driver. It reminded me of another Singaporean anecdote I thought you might appreciate.

I’ve been living in Bangkok for the last ten years and don’t really get out much. But I was in Singapore maybe four or five years ago on a brief visit with a friend who’s quite familiar with that city.

Knowing how much I love books, he took me to a gigantic book store. Place seemed like it was a block long. Easily ten times bigger than any bookstore I’ve ever been in. I had heard some very positive things about your trend following book from a 4X trader. So I walked right up to an employee at the bookstore and asked if they carried your Trend Following book. Guy went right to a computer and twenty seconds later his head pops up. “Yes sir. We have it here.”

And it was in my hands a few minutes later. As I recall, it was quite a walk from where we were in the store!

I don’t know the name of that store. But the next time you’re in Singapore, maybe Rogers knows!

Glad you’re digging Asia. It changes you. It’s all happening here. North America and Europe are comatose in comparison. I don’t think I could live there anymore, anyway. Too many rules!

Appreciate all your contributions. Even if you totally walked away from the podcast, don’t worry about it. You’ve already done plenty. Take care of yourself first with whatever you need and the rest will take care of itself.

Peace out…
[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.

“A Big THANK YOU!”

Posted on by Michael Covel

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By the way, I [forgot to take] the opportunity to really thank you for your multiple initiatives (trend-following website, books and podcasts…) The quality of the interviews and content is really amazing, and your drive to dig deep and to share your understanding with your audience is really great and addictive. As a young retail trader (successfully doing it since 2 years) and entrepreneur I have the impression as if I gained years of experience by “just” reading and listening to what you produced. As you and your guest said during one of your latest podcasts, surrounding yourself with virtual mentors (Steve Jobs, Disney…) and doing your homework is an extremely important step too in the bumpy road of an entrepreneur.

Discovering you and your guests is an important milestone and great moment for me!

So,

A big THANK YOU!

Thanks for the passionate feedback!

Michael Covel
Michael Covel

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.

“500th episode with Charles Faulkner was eye opening…”

Posted on by Michael Covel

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Dear Michael,

First of all I have to say a big thank you! Your podcasts broadened my knowledge base and moreover, it provided me the impulse to change the way I’m thinking about markets, market participants and my own work.

I’m currently managing 2bn € AuM for institutional investors and the job is really embarrassing to me. The way money is managed in the industry is pro cyclical. You’re hiding behind benchmarks & marketing brochures and worse – due to regulations – you’re just paid for avoiding risks. I have enough and to spare!

Your 500th episode with Charles Faulkner was eye opening to me. It started a mental firework in my brain! I really want to change something in my life. As I was always a great fan of behavioral economics, and I would love to combine this direction with NLP and do coaching work in the finance space. Especially in Europe, we’re decades behind in comparison to the US.

As NLP is very criticized in [other country] for not being a “real science”, I wanted to ask you what do you think about NLP? At the moment I look at different coaching techniques. As I now that you are very open minded and a great thinker I really appreciate your feedback!

Best regards,
[Name]

NLP has a great many benefits. Any effort that brings a greater understanding to us irrational humans is alright by me.

Not Rational
Not Rational

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 to Start in Trend Following

Posted on by Michael Covel

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Hi Michael,

I’m a huge fan of your podcasts and have finished your books Trend Following, Little Book of Trading and Trend Commandments. I also listen to your podcast pretty religiously and am working through your early episodes with the fund managers. I’m currently in medical school living off loans so I use the public library for books whenever possible. I’m using just 50 day and 200 day moving averages and reading some of [name] works now. Do you have any advice on sources and ideas for trading systems and rules? Or any advice on the application of trend following.

Sincerely,
[Name]

Here is one way to start and another way to start.

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 Audio Books: The New Way to Drive

Posted on by Michael Covel

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Hello Mr. Covel:

My name is [Name], from Toronto Canada. I wanted to thank you for writing your books on trend following and mainly for making audio book versions. I spend a lot of time driving and find the audio versions outstanding. I start “friend following” on a road trip from Toronto to Chicago. I wanted to continue driving just so I didn’t have to stop listening. I have now started reading The Complete TurtleTrader, and am hungry for more. I wanted to know if you are ever going to be in the Toronto area for any conferences or trade shows? I would love to attend and if possible buy you a coffee.

Thank you.

Sounds like a plan! Thanks for the nice words.

NOTE: Trend Following, TurtleTrader and Trend Commandments went live with audio books in 2016. All three are available.

The Complete TurtleTrader
The Complete TurtleTrader

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.

No Sugar Coating: Give It Straight!

Posted on by Michael Covel

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Bravo Mike, the 1st version of the monologue was spot on. Its exactly what people who feel it is too ‘hard’ need to hear. No sugar coating. The world is not a place of only rainbows and lolly pops. If indeed you get pushback for it know that there are people that appreciate the harder tone. Thank you for sharing that version and please keep up the magnificent work.

Thanks!

If you enjoy this post you may also like my opinion on the Erwin Rommel Book.

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.