Dear Mr. Michael Covel, I really want to thank you for the great collection of books you wrote about trend following trading. Bought all of them and almost done reading them all. They are eye-opening books! I want to tell you a bit about myself. I am Lebanese and 22 years old. My family couldn’t afford to help me in my university education, but I have a capital of 5,000 U.S. Dollars and I want to use it for real-live trading (so that I can gain experience and educate myself more about it). I live in Lebanon and don’t want to take any student loans because that will [just] put me in debt. Do you think I have a chance to learn all about programming, trend following trading, and all the required materials to be able to become a systematic trend-following trader without an undergraduate university degree? What is your advice? Thank you.
First, $5000 is not a large stake. You will want to save more. Second, you absolutely will not learn trend following trading in a university. Can you learn it if you want to? Yes. Then again you can do almost anything if you want it bad enough. Good first read for the needed attitude? Linchpin. Also? My podcast. That price can’t be beat, eh?