How to become a Profitable Trend following Trader?
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- Опубликовано: 7 апр 2022
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In this video, we have with us our rocking host Mr. Vivek Bajaj, co-founder of StockEdge and Elearnmarkets, in conversation with Mr. Michael Covel.
He did his bachelors from George Mason University and then he completed his MBA from Florida State University. He is the author of six books including the international bestseller, Trend Following, and his investigative narrative, TurtleTrader.
In this video, our expert will talk about technical analysis and price action and its significance in the stock market. This will be a mix of stock trading, famous investors and their strategies, and how to use strategies and techniques in the stock market for maximum profits.
The discussion will also include momentum and trend, and the influence of the big bulls in the stock market. It is necessary to understand certain factors in the financial sector that affects the profit and loss statement.
A profitable trend should be followed by a trader for a better run-through in the market, so that they are aware of the ups and downs and when they should take the right move. He will also talk about Pit traders who were initially scalpers.
To know more about the profitable trend and ways to generate income watch our video on How to become a Profitable Trend following Trader?
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Getting a straight answer from these people is not an easy task. I love your work, Mr. Bajaj, it is simply your honest effort with the pure intention to educate many like me.
Very difficult to get entry and exit point from this guy. Vivek ji tried all ways. But Vivek ji smile in all conditions is awesome. Thanks
Very true....he didnt mention where to enter when to enter, how he defined a trend and when is the trend getting over nothing
Vivekji tried his best NO DOUBT
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Entry and exit are irrelevant. How much do you make when your right how much do you lose when you are wrong should be the main topic
@@CV-vk3cySoros quote
In trend following, you do not use support and resistance levels, nor do you have pre-defined profit targets. Instead, you buy based on a pre-determined system pattern, such as a new all-time high (ATH) or a moving average crossover. Once you are in a position, you place a stop loss based on a volatility measure, such as the average true range (ATR). As the price moves in your favor, you trail your stop loss up, so that you lock in profits as the trend continues.
Trend following is all about money management and exit rule. Entry can be anything. completely new philosophy
Excellent interview. Trend Following is something that has sustained the test of time. Larry Hite has rightly said "Cut your losses short and let your profits run". Trend Following is very simple to understand and if followed with proper diversification and proper risk and money money management, it can be very profitable. Trend Followers react to prices. They never predict and use minimum indicators.
Kudos to you sir you just grabbed what we needed....it's very very difficult interview that you ever made....but you succeeded what we needed...
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Best Face2Face ever.
So fundamental, intense & straightforward.
Thanks a lot.
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This is one of the best interviews I have ever watched. Michael was challenging every single notion of yours and the way you handled it in real time (emphasis on real time) says a lot about your intellectual desire to up your game and demonstrates you really have an open mind. The way you kept prying to get an answer from Michael speaks a ton about your determination. I feel every person who wants to be an interviewer in any domain needs to watch this video over and over again learn how to conduct an interview. Kudos to you!
Vivek Jee, mind blowing session he was challenging everything that we believe is the universe. Have to watch this again to digest but I feel it's not easy 🙏 thanks for sharing new/different/valid perspective 👍
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When the thing is easy. Book sellers try to make it look difficult. You know, To make you buy their books.
Chart depicts trends or patterns of price behaviour and also we can visualise momentum. Trend following what Micheal is talking about is seems to be based on the fact that price itself captures all market information, and must be interpreted to make the right entry or exit based on one's risk management appetite and other related information, which can influence the price.
Nice meeting him vivek sir, He is challenging our whole concept of trading
14:41 I was here for this only... Amazing...🤩
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Vivek Sir, you are great at asking right questions... You've uncovered thinking process of Mr Covel very nicely...
Trend following is getting in a little late and getting out a little late enjoying that in between ride.
Great Vivek ji...🙂
I was looking that you tried a lot to pull out something from this guy ,🙂🙂 but may be he is having some sixth sense to identify trends of market...great 👍👍 .
He doesn't identify anything. Watch the video again.
You can save your 1 hour, skip this f2f.
Vivek Ji Thanks for all your efforts...
The guy is just saying follow trend, follow price. Bus ghuma raha hai... Bol laha hai kabhi bhi entry karlo, exit kabhi bhi karlo... Bus trend follow karo... Price follow karo...
real f2f to yahi he bhai.. pehle mujhe bhi aisa hi laga lekin ye bande ne boht kuchh sikha diya he isi video me.. 1 mahine abad mujhe bhi realise hua dekhne ke.
Great effort Vivek ji for bringing good personality here
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Thanks for imparting new perspective on trend following.
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This is the best of all your interviews.
Amusing to see your facial expressions Vivek.
Inspite of bashing received you asked relevant questions. Thanks a lot bro.
He is emphasising on money management lot size
and rules of trading.And more importantly cutting losses and riding winners.
Awesome interview.
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Tq both of you... he is so energitic..
Knowledgeable and Entertaining 😀😀 the way of delivering information.
Trying to get his set up but he was very smart to make us drow your own with your rules.
Waiting for the day when Vivek Sir will interview none other than Sir Mark Minervini ! That day is not far as per my expectations.
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He is Michael Covel..not mark minervini
He did
Go with the flow !! Dont try to predict !! Rules are not at all to be ignored !! Enjoyed completely !! One of the best !!
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thanks both of you sirs
Excellent Interview with a real time price action trader. Initially it was difficult to understand but lately I think i was able to understand.
Vivek ji again an amazing interview. Michael is someone who highlight the work of a "Trader" more practical than an "Investor" who is more data predictive in nature. Through out his classic book he try to show how traders beat index returns by following trend by avoiding drastic drawdown which investors do have to face during crashes.
One request please bring "Atul Suri" sir in face to face. He is the person who highlight himself as a Trader in front of media.
Agreed
Vivek ji, You tried tried tried to get the water out of the super rocky mountain. Hats off to you.
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Wow... Very fresh perspective...
Must have not been an easy task for you Vivek sir, but your honest efforts are totally appreciable... 👍🙏
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Heartiest Gratitude for introducing new concept
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Thank you Vivek Sir, One of The Best Interview. Very radical & challenging idea shared by the guest.
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vivek sir thank u so much for providing real knowledge through real and truthful speakers and traders, I firmly believe in trend following trades and 52 weeks high low breakouts with very tight Stop loss.
Fabulous 👌 and a big fan of your...
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🤯🙆🏻♂️❤️ very good interview
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Thanks Vivek for your wonderful effort, but I am very much dissatisfied with Michael hope he didn’t want to reveal anything and he was here only to promote what he has written
Great interview 👌 first Indian to do so with covel
Vivek does an excellent job and i guess in this video he was expecting some rules from Michael on trend following similar to 9.20 straddle. Like it was as if he expected Michael to say that if a stock breaks xx days high it will be up trend and we can enter for x% P or y% L but Michael is very smart and says it all depends on the user. also at one point vivek did mention that he is not aware if Michael used charts in his book which shows lack of homework done on the guest speaker. So overall during the session i was confused as to what is Vivek sir expecting from Michael.
Vivek sir you work so hard we know it's not easy to interview such kind of person.
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Please tell any one entry point and exit point in this video
I love this music in the beginning.
Sir can u take f2f of Rayner teo u suggest his book and video very nic
I can relate everything he said with momentum trading by Alok Jain.
Thanks for this amazing video. And personally thanks Vivekji for keeping the momentum up of the video. Kudos 👏
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An awesome perspective
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Sher ko mil gaya sawa sher........ but vikek sir aapne ant tk hathiyar nahi daale 👌👌👌....... nice encounter.......new way of thinking
This feels like a promotion of his Book video.
Sir this is a wonderful initiative getting foreign traders & authors...just one from my wishlist Steve Burns if you can get
Please, one webinar with C A RudraMurthy .
Total bouncer..The only thing that I've understood is that Trend Following is something in between Fundamental and Technical analysis.
Identifying trend is simple. Show your kid the chart and ask if it is going up or down. Based on the response, enter the market and set the stop loss to one’s risk profile. Exit based on one’s greediness. Simple. For intraday day, max of 15 mins time frame. For weekly, set to 1 hour time frame. For monthly set to 1 day time frame. Remember all indicators are lag indicators and it’s derived on price action.
It seems it was a difficult interview for you Vivek but it was totally worth watching it, his method was following the trend is totally different like the first time I have seen someone who takes only price just price to make entry and exit rules. Loved it
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Not exactly difficult, it is simply a cultural difference, they even deal with their best in almost tone and attitude.
Our US friend is enlightened with price.
loved IT THANKS
Same 2 u
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he is right, i am technical traders too. sutff like moving average, RSI. amd conecting trendline. all are useless, except i would say chart pattern are not useless. it has some predictablity. because of its predictablity, you can manging your risk. you can starting thinking should i take profit, ? should i cover my shares,? should i reduce my size? . is all about 50/50 chance the trend continue go up or down.
if the market is trending, there is no chart patterm, there is nothing you can predict but ride with the trend.
Big guys will never gives a-z handholding but they shows concept & wants us to do hardwork to understand logic with practical...maybe this is reason he not explained Everything .
Mind blowing
Please invite Anthony j saliba alias Tony saliba one of the market wizards by jack schwager
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To make it easy for viewers... he means that.
1. Fuck the presixtions, mews, and analysis.
2. When you see a new high after a long time then enter.
3. Your first stop loss will be your entry price. That saves your losses. And revise stop loss y
With your next substantial fall (higher low).
4. Voila, you will make profits with riaing prices and stop losses are tight, saving your risk!!!
Please, one webinar with John F. Carter.
I get it. Just enter. Even if it is random. And stay untill your exit criteria is not met.
But I am sure, when the markets are making lower lows.. untill the structure breaks, there will be high percentage of losing trades taken.
Good effort vivek sir
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First time I saw Vivek Bajaj struggling.
Maybe the approach explained is actually that simple but then wondering why it took so many books to cover this topic
Plz do bring AYUSH THAKUR, HIS STRATEGY IS ONE OF THE GTEATEST OF ALL, a young guy doing wonder
use 1 DAY candle. if it close above 50 day high enters on close. intial stoploss is low of candle. set target of 1:3 of your initial stoploss... after target exit it when price reaches below 12 day ema. simple. you might get 30-40-50% accuracy bt it will give sincere profitsin bull market
You will understand his strategy from 45 min onwards
This one was Not a great face 2 face as the gentleman was not ready to reveal anything and he was just going in circles. He was not telling how to find an uptrend.
100 day high for example, he said it
I always think, you are entering at a price, that it has to go up, but if it goes down immediately exit. That's good, that's difficult decision to take, but your loses are small, but if it goes up and if we trail it, we will win big. That is good. Only on momentum stocks, nifty or banknifty.
Vivek ji, was this your toughest interview?
Feedback on the guest. Unnecessarily cocky, bordering on being arrogant and holding back on sharing knowledge. Also he appeared more interested in marketing his books. Would have been ok if he had engaged with Vivek with humility and as an equal in the conversation (point in case was when Vivek requested the guest to introduce himself - he retorted asking "what do you want to know").
Appreciate how Vivek handled the interview with poise and maturity. More power to Vivek and elearmarkets!
Sattabaz are now pumped up when they sense a trend in one candle 🔥🔥
Please make Hindi version of this session
And Shiva sir session also
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Totally Bouncer Vivek Ji... But glad you took this interview.
Many points I might disagree with. But, that's a perspective that can vary. Tracking so many markets might become a nightmare but it is what it is. I will surely read these books for different prespective.
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look price on a zero timeframe and you will hit a Six on this bouncer
Mr. Vivek ji, really you have pulled out so many knowledge from him. But I have some doubts....
1. He said that, there are two points in trading. One is predictive and another one is reactive. But before we react we need to predict the upcoming move of the price. Am I right ?
2. But he doesn't explain where he find the price without looking into the terminal and chart.
3. He clarified it at the first of the video that everyone has different point of view. So, someone who is profitable with technical analysis she/he is right.
He said everything in the video. Watch again.
Price action is also technical analysis, just because an American is saying it is shit, it doesn’t become shit. 😊
Dear Vivek Sir
Please make above video in Hindi version.
Vivek ji Goa conclave ka kuch discount de do. Mein bhi aana chahta hu
Vivek Sir, thank you for your efforts everytime , but this guest is like " Jo main khud hi nhi smjha vahi smjha Raha hu main "
The way michael thinking is right for him but i think vivek and most of the viewers like me for us it's hard to understand his philosophy. At the end we all think defferent i respect his knowledge.
it would have been better if has used charts to explain what he wants to say.
Vivek ji you have lot of patience...you tried to ask lot of basics but he did not share anything about his method..and at the end truthe was . he came here just to sell the books
our stoploss should be like this man ………difficult to break-In 😂
Vivek sir ....why don't you gave him name of DAN ZANGER ( who's account was audited by AMERICAN CAPITAL MARKET AUTHORITY...SAC ) when he say for proof.
Vivek ji, request you to explain in hindi in between of an interview with foreign dignity. Anuj rathi
Basically when he talks about trend following he is talking about Support resistance lines only...
Market is not so simple as he described
Video title is required correction, trader would be trend, trend will be trader.
mind blowing....
26:00
Next episode : Dr Alexander Elder
You could have asked him "Arey bhai kahna kya chahte ho!!'
Just a suggestion , please run a live ticker in English as the American
Pronunciation a little more difficult to understand for most of the people ,
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You can switch on your CC/subtitles. It has English subtitles.
Ye paisa trading se kamata hai ya kitaab beech kar
I think Time Wasting for Vivek sir too. Only entry point i absorb from this 53:46 min
Dada inki hindi dubbing karva dijiye.
Majority retail trader don't know english.
One of those exceptional sessions that didn't go well. You both were on totally different planes. I think you just went ahead with your idea of what trend means and how to identify it. Perhaps you should have started by understanding his definition of trend and how he identifies it.
Additionally he didn't appear transparent or eager to shell out his trade secrets.
Learning - Never assume anything!
He is just talking about turtle trading system in another words. Just becuase he completely neglect both fundsmental and technical analysis, it confuses everyone. Then what is the basis of trading becuase everyone knew these two method only. His basis of trading is his rules. He is not going to diclose his system and rules, but in any situation he won't bypass his system rules. You can't predict the future in both casino and share market but in share market you can decide your loss and profit amount for the particular trade, whereas in casino its fixed you can't decide that and thats d factor which makes casino owner win every day.
Its like turtle trading 55 days high and 20 days low
He is funny