Michael Covel

Do You Want More Performance?

Hello, I'm Michael Covel. I'm driven to help investors find home run profits. My simple question: Will you accept my insights?

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Market Success Means Surrender

Is there a common map that everyone who makes big money follows, knowingly or unknowingly? Yes. To succeed in the markets you must surrender. Market profit is not about the latest piece of data, expert opinion or fundamental knowledge. Letting go of that and going with the changing flow is the single greatest operating procedure of all legendary traders.

Paul Tudor Jones famously said, "The illusion has been created that there is an explanation for everything with the primary task to find that explanation." He's dead-on. You want the opposite. Approaching markets with total ignorance is the winner's mindset. Because when trading nothing matters except price action. Everything is reflected, totaled, and discounted in the price. I mean everything.

I live and breathe the importance of price action through my podcast and books--a one of a kind compilation only found here. Not CNBC, not Bloomberg, not IBD, but found here alone. Both have produced multiple millionaires and launched hedge fund careers. However, some want more. They need more. And the way I give my personal support—the core trend following principles and how to compound those principles for a lifetime—is through my Flagship product.

Powerful Information

My Flagship product is powerful information coupled with personal support for your unique situation. I teach beginners to seasoned pros how to make above average profits with clear and complete trend following trading systems:

1. Add to winners only.
2. Never add to a loser.
3. Let profits run.
4. Cut losses fast.
5. Don’t try to pick tops.
6. Don’t try to pick bottoms.
7. Market prices make decisions, not ego.

"Trend following is the purest, simplest, and easiest way to make the big money. It uses only what the markets are telling us about themselves--the current price trend."

Flagship Product

Mandatory Books

The bestselling classic TREND FOLLOWING now rebooted. This new 600+ page edition is mandatory. 100,000+ readers and translations across 10+ countries.

All Books

Podcast Excellence

6 million+ listens across 600+ episodes: investments, economics, decision-making, behavior & entrepreneurship. Guests: Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. And: James Altucher, Jean-Philippe Bouchaud, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.

Serendipity

Instead of listening a visitor wanted to talk as a Zen master was pouring tea. The master poured tea until the cup was full and then kept pouring. The visitor could not control himself, "Don't you see my cup is full?"

"You are right," said the master as he stopped, "And like this cup of tea you are filled with your own ideas. How can you expect me to give you Zen unless you offer an empty cup?"

“One of the best things I have done for understanding investing…”

Posted on: Dec 14, 2017

Feedback: Dear Michael Covel, I can’t remember how I stumbled onto you podcast several years ago, but it was one of the best things I have done for understanding investing and life. Your recent Podcast #599 – where you play an excerpt from your new book was just unbelievably fantastic. It really put together the […]

Who Is Right?

Posted on: Dec 11, 2017

One windy day two monks were arguing about a flapping banner across the shore. The first said, “I say the banner is moving, not the wind.” The second said, “I say the wind is moving, not the banner.” A third monk passed by and said, “The wind is not moving. The banner is not moving. […]

Blast from the Past CATO White Paper on Long Term Capital Management

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Kevin Dowd once offered great insight on Long Term Capital Management here. A great reminder.