Michael Covel

Profit in Up, Down & Surprise Markets

Trend Following strategy-the game changer.

Repeatable rules you can use immediately to make outsized returns in bull, bear, and black swan markets. Clients in 70+ countries, from newbie to pro.

As featured in: 

Flagship System

Michael goes behind the curtain to reveal a state of mind the system doesn’t want you in. Characterized as “essential” and “required reading,” he teaches beginners to seasoned pros how to make above average profits with straightforward and consistent trend following trading systems.

Flagship Product

Bestselling Books

Read the bestselling classic TREND FOLLOWING rebooted. This new 600+ page beast maps out the controversial benefits and needed research. 100,000+ readers and translations globally.

All Books


6 million+ listens across 550+ 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.


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.

The Babe Ruth Effect in Venture Capital and Trend Following

Posted on: Aug 21, 2017

Consider from The Babe Ruth Effect: Frequency vs Magnitude (PDF): “Building a portfolio that can deliver superior performance requires that you evaluate each investment using expected value analysis. What is striking is that the leading thinkers across varied fields — including horse betting, casino gambling, and investing — all emphasize the same point. We call it the Babe Ruth […]

Ep 582: Peter Borish Interview with Michael Covel on Trend Following Radio

Posted on: Aug 20, 2017

Subscribe to Trend Following Radio on iTunes Peter Borish is chief strategist of Quad Capital. He works as a trading coach and helps recruit new traders and develop the company’s trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work […]

“I’m curious for some behind-the-scenes details…”

Posted on:

Feedback in: Hi Michael, I enjoy your podcasts, I’ve been a regular listener for the past 2-3 years. You put a lot of care into each episode, and it shows. I’m curious for some behind-the-scenes details in your preparation. Do you write a podcast script? If so, how detailed is it (paragraphs, bullets, etc)? It […]

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