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Trend Following for New Traders

Michael Covel
Michael Covel

There are those who make big money. They have made it for decades. Literally, billions.

Who are they?

They are trend following traders.

You can read about them in my books and across this site.

Trend following traders make money in up, down and surprise markets. They make money in good times and bad. They build portfolios using a disciplined process that always responds to changing conditions.

They trade stocks, ETFs, LEAPS®, futures, currencies (including BTC), and commodities–whatever is moving.

Trend following is based on the belief that you can only know one true piece of market data: the price. Trend following trades price exclusively. They don’t study CNBC, Warren Buffett, value whatever, balance sheets, P/E ratios, or crop reports.

I have been teaching trend following trading to students for 15 years. Most students often have no initial trend following experience. My solutions are for everyone and every goal:

  • New investors and traders.
  • Students.
  • Institutions.
  • Retirement planning.
  • College savings plans.
  • Small businesses.
  • IRAs.
  • Portfolio insurance.
  • Entrepreneurs.

Let me be clear: Traders fail because they have no trading plan, but many are also afraid to learn a new plan when it comes to their money. However, you have no choice if you want to build a fortune (or a future for that matter).

A great benefit? Trend following trading keeps your emotions in check. And given the current economic climate stabilizing your emotions might be the single biggest lesson you can learn.

Is formal education needed for trend following success?


Let me give an example. A top CEO recently spoke before a class of Harvard MBAs. After his presentation one student asked: “What must we do now?” The CEO replied, “Take whatever money you have not spent on tuition and do something else.”

His point was clear: Formal education means less and less in today’s world.

Trading is the same.

The great traders are not only the products of a formal education. You can actually read their profiles in the footer of this page (your first homework assignment). So you don’t have to be a Ph.D. or MBA to trade trends. You only need to have the desire to work hard and learn. If you must have a Ph.D make it a ‘Poor, Hungry and Driven’ degree instead.

Bottom line, if you want honest, straightforward training, I can help save years and thousands of dollars. But, if you want short cuts and hype, do yourself a favor and move on.

Trend following for pros.

Trend following for college students.