Michael Covel

Profit in Up, Down & Surprise Markets

Trend Following strategy-the game changer.

Repeatable rules you can use to make outsized money in bull, bear, and black swan markets. No passive indexing, buy and hope, fundamentals or predictions.

As featured in: 

Trading Systems

Michael goes behind the curtain to reveal a state of mind the Wall Street system doesn’t want you in. Characterized as “essential” and “required reading,” he teaches beginners to seasoned pros how to generate out-sized profits with straightforward and repeatable trend following rules.

Flagship Product

Bestselling Books

Read the 2017 reboot of the bestselling classic TREND FOLLOWING. This new 600+ page hardcover outlines the benefits, interviews, and research. Learn from great traders—their successes and failures.

All Books


"The way I see it, you have two choices–you can do what I did and work for 30-plus years, cobbling together scraps of information, seeking to create a money-making strategy, or you can spend a few days reading Covel's Trend Following and skip that three-decade learning curve."
Larry Hite; legendary trader profiled in the “Market Wizards”

Success Stories


5M+ Listens, 500+ Episodes: investments, economics, decision-making, behavior & entrepreneurship. Guests: Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. And: James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.


Regular updates, the needed trend following insights to help you produce out-sized returns, and the ongoing psychological rules to keep you out of cognitive dissonance.

Ep. 556: R.P. Eddy Interview with Michael Covel on Trend Following Radio

Posted on: May 21, 2017

Subscribe to Trend Following Radio on iTunes R.P. Eddy is an American businessman, venture investor, former U.S. government official and former U.N. diplomat. He is currently the CEO of Ergo, a strategy and geo political intelligence firm. R.P. is also co-author of “Warnings: Finding Cassandras to Stop Catastrophes.” How did Fukushima happen? There were lots […]

Trading Food for Thought: May 21st Edition

Posted on:

Food for thought: Don’t Wait for Creativity Strike – Strike Creativity Walmart and Banking: It’s Time to Reconsider Never Mind the Ferrari Showroom, Bank Regulators Call This a Poor Neighborhood Nassim Nicholas Taleb Sees Worse Tail Risks Than in 2007 Darwin visits Wall Street Memory and Recall: 10 Amazing Facts You Should Know The Right […]

2017 Trend Following Table of Contents

Posted on:

Foreword by Barry L. Ritholtz Preface I. Trend Following Principles 1. Trend Following Speculation Winning versus Losing Investor versus Trader Fundamental versus Technical Discretionary versus Systematic Hiding in Plain Sight Change Is Life Follow the Trend to the End When It Bends Surf the Waves 2. Great Trend Followers David Harding Bill Dunn John W […]


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