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.

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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.

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Bestselling Books

In this 2017 reboot of the bestselling classic, go headfirst into TREND FOLLOWING to examine the benefits, interviews, and research. Learn from the great traders—their successes and failures.

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"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”

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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.

Noah Smith of Bloomberg Views: “BS Operator and Troll”

Posted on: Feb 22, 2017

I caught this write-up from Nassim Nicholas Taleb. My first thought? That name sounds familiar… This same guy Taleb rips… I also dealt with him a few years back over his severely misinformed take on trend following. I responded on my podcast here. Small world.

Trading Food for Thought: February 22nd Edition

Posted on: Feb 21, 2017

Food for thought: What Could Stop Vanguard From World Domination? Jason Furman on the Middle Class Squeeze Why the experts missed the crash The Map of Mathematics A survival guide for normal people Look to Stocks for Clues to the Strong Dollar’s Impact Trump’s Man for the SEC: Time to Ease Regulation You’re a completely […]

Ep. 530: Against the Gods with Michael Covel on Trend Following Radio

Posted on: Feb 19, 2017

Subscribe to Trend Following Radio on iTunes Many take risk without thinking. They do not quantify risk. One of Michael’s first steps into the risk indoctrination came in the 1990’s through a book, “Against the Gods: A Remarkable Story of Risk.” Michael plays an excerpt from the author Peter Bernstein. There is no perfect algorithm […]


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