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Dumb Luck

Don’t confuse luck with a profitable system. Dumb luck is just dumb luck:

Reader: I open[ed] an account with 10 USD and with trend following I make 20 USD in 6 days.

Covel: That is gambling. Not trend following.

Reader: But it’s profitable.

Covel: Someone wins the lottery, and you apparently won the scratch off this week. That’s not a system. Luck.

Note: Yes, some not so wise people occasionally write me.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

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