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  • Some trend followers made +40% for the single month of October 2008 alone. Think about that. The rest of the world is going under and trend followers are making a killing. Earth to CNBC. Michael Covel

Holy Grail Secret of Trading? No. There is No Trading Holy Grail.

(November 03, 2008)

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Traders and investors have always dreamed of magical formulas or Holy Grails enabling them to beat the market and reap huge profits. Pursuing Holy Grails only ends in disaster. For example, among the garbage you will find out there: black boxes or secretive computer systems where the rules are hidden. Black box systems lose in the real world. They are useless. The absolute key is a proper overall education.

If you are here thinking Trend Following is some secret please exit now. If you are here seeking a pitchman pretending to be your market hero, again wrong web site. All that said, we still have people come to this site in search of the Trend Following (or Turtle system) secret. If you want the quick fix, the instant profit landfall or the insider?s tip, no one can help you. Some would just rather have illusions than reality.

What is reality? Great Trend Following systems use rules, logic, parameters, methods, processes, formulas, data, and research. You will not find the Holy Grail here.

Some Turtles won big. Some lost big. Why?

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Watch New Trading Film: Broke The New American Dream



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Complete TurtleTrader
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The Complete Turtle story. Legend, lessons & results.

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Trend Following
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Now available: the new 2009 edition. Order online today.

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  • Intro to Michael Covel's documentary film "Broke: The New American Dream".

  • Trailer for Michael Covel's documentary film "Broke: The New American Dream".

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  • Michael Covel talks about 2008 trend following performance.

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TurtleTrader® Systems Trading Courses

Do you want to learn how +100% returns were made in 2008 across all types of markets? Do you want to learn the right buy and sell decisions to make potential millions? Michael Covel has assembled some of the most profitable trend following trading systems available. Here you will find full descriptions of the training, frequently asked questions and pricing options for all investors.

Broke: The New American Dream

The new documentary film directed by Michael Covel. Covel traveled 75,000 miles completing over 100 interviews ranging from Nobel Prize winners to single moms. Full cast.

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About Michael Covel

Michael Covel is an author, director and entrepreneur who founded the internationally known website TurtleTrader® in 1996. Covel's first book was the bestselling "Trend Following" (FT Press, Apr. 04, Nov. 05, Feb. 07 & Feb. 09). His second book "The Complete TurtleTrader" (HarperCollins, Oct. 2007 & Feb. 09) is the definitive inside look at legendary trader Richard Dennis and his student traders "The Turtles". In 2009 Covel released "Broke: The New American Dream" a film documentary investigating the 2007-2009 market crisis and crash. Not afraid of a crowd or controversy, Covel is known for engaging and provocative speeches presented to audiences in Tokyo, Paris, Macau (China), Vienna (Austria), Hong Kong, Dallas, Miami and São Paulo (Brazil). He has been quoted and interviewed by likes of The Wall Street Journal, Barrons, New York Post, Globe and Mail and Bloomberg.

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