About Us

Some claim that trend following trading is no different than the infomercial Wizetrade™. For those who do not know or those living overseas, Wizetrade™ is an infomercial running non-stop here in the United States. It promises clear "signals" for buys and sells. Wizetrade™ doesn't tell you how the signals are generated (it is a black box), it just tells you to buy on a "green" light and sell on a "red" light. This might sound very simple (and maybe plain stupid), but it is selling like crazy to those who think they have found a nice & easy alternative to buy and hold.

I don't see how trend following, as described in my book, is the same as the infomercial Wizetrade™. However, it makes me wonder that even if a strategy such as trend following is described in detail, can everyone get "it"?

NOTE: Wizetrade™ is a Trademark owned by GlobalTec Solutions, LLP. I have no association with Wizetrade™. We do not offer or supply Wizetrade™ products or services.

NOTE: If you want to learn about trend following trading in general there is one definitive text: the bestselling classic "Trend Following: How Great Traders Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. If you want to learn trend following techniques and systems through advanced home study and or seminars click here.

The book "Way of the Turtle" is an incomplete story of Curtis Faith. The book is silent to all Faith controversies. For a comparison of all books that touch on the subject of the "Turtles" please read.

You do not have to be a pro to trade as a Trend Follower. Pure beginners with little experience excel (the backgrounds of those in the Trend Following Hall of Fame prove that). What do you need to profit? Keys are a deep desire to win, discipline to stick with a trading plan and an active mind. What are not requirements? You do not need a degree in statistical methods or a Federal Reserve Governer's proficiency in economics. Staff, office space, and expensive overhead are not needed if you are trading your own account.

Our teaching track record is unparalleled with individual students in the banking, hedge fund and corporate community worldwide. We've trained folks from a wide range of companies including:

1. Accenture
2. Amerada Hess
3. Andbanc Grup Agricol Reig
4. Ansbacher
5. Bank of America
6. Barclays Capital
7. BCV Banque Cantonale Vaudoise
8. BNP Paribas Bank
9. Capital West Securities
10. Charles Schwab
11. CIBC
12. Citigroup
13. Commonwealth Bank Group
14. Credit Suisse First Boston
15. D.A. Davidson & Co.
16. Daiwa Securities America Inc.
17. Deloitte Touche Tohmatsu
18. Deutsche Bank
19. Dexia Banque
20. Dresdner Kleinwort Wasserstein
21. DuPont Dow
22. EFG Bank Group
23. Ernst & Young Australia
24. Fidelity
25. Financial West Investment Group, Inc.
26. First Lenox
27. GE Capital
28. Goldman Sachs
29. The Hartford
30. HSBC Asset Management (Europe) Ltd.
31. IBI Bank AG
32. IBM
33. Intel
34. Interbolsa
35. Jardine Fleming
36. JB Oxford
37. Jefferies & Company, Inc.
38. J.P. Morgan Chase & Co.
39. Lockheed Martin
40. Lucent
41. The Madison Group
42. MasterLink Securities Corporation
43. Mellon Capital
44. Merrill Lynch
45. Microsoft
46. Mizuho Securities Co., Ltd.
47. Morgan Stanley
48. Next Financial
49. NFP Securities
50. Nikko Salomon Smith Barney
51. Pillsbury
52. Prudential Securities
53. Raymond James Financial, Inc.
54. RLP Management Company, Inc.
55. Sara Lee Corporation
56. Smith Barney Citigroup
57. Spear, Leeds and Kellogg LP
58. Standard Bank London Limited
59. Strong Capital Management, Inc.
60. Templeton Asset Management
61. Tong Yang Group
62. Transfield Worley
63. UBS Investment Bank
64. Union Bankshares Corporation
65. United Overseas Bank Limited
66. Washington Mutual, Inc.
67. Westpac Banking Corporation
68. YMG Capital Management Inc. + more.

New Michael Covel blog can be found here.

A podcast about a recent interview I did with a southern trend trader.

A note on Dunn Capital.

Reviews of "The Complete TurtleTrader":

• Brett Steenbarger Review
• Bloomberg Review
• Your Trading Edge Review
• Bill Miller (Legg Mason) Review
• Trader Monthly Article
• MTA Review (Ajay Jani) (PDF)
• SFO Magazine Review (PDF)
• Deraktionaer.de Interview (PDF)
• All Press Coverage

A good read posted at Barry Ritholtz's blog.

The Wall Street Journal ran a tabloid-like article about Monroe Trout. The article spoke of a lawsuit between Trout and his brother. Why mention this article? The piece that ran in the Journal also poked fun at Trout for following the philosophical tenets of Ayn Rand. This seems like an odd thing to make fun of given that Ayn Rand is also Alan Greenspan's favorite author.

Rand's teachings and writings rooted in laissez-faire capitalism are the ground upon which successful traders must stand:

Man's mind, states John Galt, the protagonist of Atlas Shrugged, is his basic tool of survival. Life is given to him, survival is not. His body is given to him, its sustenance is not. His mind is given to him, its content is not. To remain alive, he must act, and before he can act he must know the nature and purpose of his action. He cannot obtain his food without a knowledge of food and of the way to obtain it. He cannot dig a ditch — or build a cyclotron — without a knowledge of his aim and of the means to achieve it. To remain alive, he must think.

Thinking is not an automatic process. A man can choose to think or to let his mind stagnate, or he can choose actively to turn against his intelligence, to evade his knowledge, to subvert his reason. If he refuses to think, he courts disaster: he cannot with impunity reject his means of perceiving reality.

Ponder her writing in the context of trading. Would not the quick fix of blindly following your broker's opinions, chatting at Motley Fool, griping at RagingBull.com, trading RSI or watching support/resistance levels -- don't these actions all involve choosing not to think? Would you not be allowing your mind to stagnate by evading the pure reality that these actions distort? To follow these hollow messages over the year indeed courts disaster. We are sure all readers know at least one person that went belly up by refusing to think.

Trading is a game where it's you against the world. It's not you and your friend or you and your broker fighting together. It's you. You are left to objectively use your mind to determine the best course of action in order pull a profit from the great ocean of other traders in the world that also play the game. You must dig deep to understand why one course of action is better than another and avoid decision making based on fear. Pure fear is why the Nasdaq rose so far and plunged so low. And those that controlled their fear made a killing.

Atlas Shrugged

Atlas Shrugged
Ayn Rand

No long comment here. Atlas Shrugged is considered by many top traders required reading. It is the capitalist manifesto. Read it.