TurtleTrader® Trend Following Trading Systems and Courses

• Buy

  Film: Broke: The New American Dream

  "Broke: The New American Dream" is the first documentary film that actually offers hope out of our current economic meltdown. Directed by Michael Covel and featuring a top cast this film will change how you see money and markets. No one has to be broke. There are ways out!

  $19.99 USD
• Buy

  Trading System: Trend Following Course with (6) CDs

  The 'Trend Following Trading Systems Course' with (6) audio CD set. Features include:

  • FEATURE 1: TurtleTrader® Trend Following Trading Systems Course' Manual (229 pages)
  • FEATURE 2: Online Self-Testing System
  • FEATURE 3: Trading Resource CD with Money Management and Entries/Exits
  • FEATURE 4: LEAPS® Options & Single Stock Futures Manual
  • FEATURE 5: Money Management Practice Manual
  • FEATURE 6: Audio CD Set (with $1299 course only)
  • FEATURE 7: DVD Video
  • FEATURE 8: Client Support: Super Fast Email Response
  • All Course Features...
  • All Frequently Asked Questions...
  • All Course Discounts...

  $1299.00 USD
• Buy

  Trading System: Trend Following Course

  The 'Trend Following Trading Systems Course' without (6) audio CD set.

  • All Course Features...
  • All Frequently Asked Questions...
  • All Course Discounts...

  $999.00 USD
• Buy

  Book: The Complete TurtleTrader: The Legend, the Lessons, the Results

  The first book to narrate the complete Turtle story and Turtle trading system. The only inside look at the greatest Wall Street training experiment ever (Collins, Feb. 2009). Paperback edition in 2009 has new Afterword.

  • Book Reviews of "The Complete TurtleTrader".
  • Foreign language versions of "The Complete TurtleTrader".

  $11.55 USD
• Buy

  Book: Trend Following: Learn to Make Millions in Up or Down Markets

  The bestselling book on trend following trading is now updated for 2009. Read the classic and see how trend followers made fortunes when everyone else was literally going broke (FT Press, March 2009).

  • Book Reviews of "Trend Following".
  • Foreign language versions of "Trend Following".

  $13.59 USD

TurtleTrader® Trend Following Trading Systems Course Features

The following descriptions are for both the $1299 and $999 course. The courses are the same except the $999 course does not include the (6) CD set.

Do the great winning trend followers all have special talents?
Do they have inside knowledge?
Do they all have a finance degree or MBA?
Do they have all huge starting capital?
No.

Today making money for many is over. Millions have been left to wonder how to recoup 10 years worth of investment gains erased in a few months by relying on the failed strategy of buy and hold. Our 'Trend Following Trading Systems Course' was designed with one goal in mind: To teach the exact techniques, including entry/exit and position sizing/money management, needed to potentially make the big returns in any market at any time. Nothing we teach is remotely related to buy and hold. We teache the trading methods of the most successful trend following traders alive today. These are some of the most profitable, unique and proprietary trading systems available. You can use these techniques with no experience and no complicated trading algorithms or software to purchase. Everything needed to trade this like a trend following trader is contained in our education.

Who are our clients? His clients are beginners to pro traders to college students. He trains new traders, start up trading firms and billion dollar funds. Yes, his client database is that diverse. However, if you only want to trade your private account or IRA, you are our client too. Whether you have $5000 or $10,000,000 to invest his insights can help you to make potential millions. There has never been a time when trend following trading was needed by so many.

Who is this training for:

• Anyone who wants above average returns.
• All traders of all levels across Wall Street to Main Street.
• Beginning traders burned in mutual funds.
• Anyone who lost big in 2008.
• Professional traders looking to trade for clients.

Who is this training not for:

• People who have no money.
• People expecting to make millions instantly.
• People who think day trading works.
• People who counting lunar cycles leads to profit.

Maybe you doubt that you can really learn to make big profits from trading. Maybe you think trading success is dependent on genetic "gifts" like the innate talent of a child prodigy. If you have those beliefs, Michael Covel will show why you are dead wrong. If you are not now making big profits from the market, you can turn it around. You can learn. Anyone can be "nurtured" into becoming a great trader. What stops us? We live in a world where we all want instant gratification. We multitask everything. At the same time we are on the Internet, or listening to your iPod, we are on the phone. We want everything now. Faster. Easier. Give me the answers today. Right now! There is no patience. There is no understanding. For great traders, the ones who make the millions, it doesn't work that way. Great traders don't make millions acting like hyper teenagers. They have rock solid plans. We teaches how.

What can you do to become a great trader? If you want success you must copy what the great traders do and Michael Covel can help achieve that goal. He has modeled the trading excellence of the great trend following traders. This modeling enables us to teach their techniques, behaviors and philosophies. These are trading principles and methods that, when applied, regardless of your gender, race, religion, or financial status, create big money opportunities. The correct trading behaviors can be installed in a person just like software is installed on a PC. We went behind the curtain of the great trading legends to study exactly what they did, relentlessly pursuing an understanding of their trading skills and techniques:

• We have pushed thousands to radically improve market returns.
• Great trading is a teachable science. A subject you can learn like any other..
• Our students don't learn dozens of indicators and theorems.
• Making money in the markets isn't about trading the latest technology or software.
• Trend trading is about opportunity taking, not opportunity making. Act outside the herd and win.
• Chat rooms filled with anonymous "wanna be's" is a waste of time.
• If you only want to work for the man, you can't be the man. Take personal responsibility. No blame games.
• Why is the book Trend Following required reading for all employees at numerous billion-dollar hedge funds? Learn why.

FEATURE 1: 'Trend Following Trading Systems Course' Manual (229 pages)

Can you know absolutely when a market will trend? No. Do you have to know to make money? No. If you have a deep desire to make money and the ability to follow a proven, step-by-step system, then you have the chance to make big money with a trend following trading system.

A trading system is simply an idea. It's a trading idea for making buy and sell decisions in any market. A trader takes an idea, turns it into a mathematical formula and tests it to see if it would have made money. A good technical trading system doesn't buy low and sell high; it rides trends. Trend followers don't get entry or exit signals and apply some extra layer of "human judgment". They don't try to be smarter than the "system". These 5 critical questions are answered in our training, across multiple proprietary systems, with step-by-step rules:

• What market do you buy or sell at any time?
• How much of a market do you buy or sell at any time?
• When do you buy or sell a market?
• When do you get out of a losing position?
• When do you get out of a winning position?

Additionally, the following questions are answered in the 'TurtleTrader® Trend Following Trading Systems Course':

• How to enter and exit and why.
• How to place stops for each and every position.
• How to adjust stops when trades are winners.
• How to adjust stops when trades are losers.
• How to take a loss to avoid a larger loss.
• Explanations of system expectancy.
• Long-term vs. short-term strategies.
• How to trade both long and short positions.
• How to balance long and short positions.
• How to adjust trades for accumulated new profits.
• How much to buy or sell at any time for any market.
• How to account for volatility.
• Understand percent accuracy issues with proper trading.
• How to adjust your portfolio during a winning streak.
• How to adjust your portfolio during a losing streak.
• How to normalize volatility across your system.
• How to maintain constant risk as your money grows.
• Profit targets. What do the pros do?
• How to protect against extreme downside moves.
• How to use risk management to protect against blowouts.

Our trend following trading systems use daily data to determine buy and sell signals. This is not day trading. Orders can be placed before the market opens and do not need hourly monitoring. Most top traders manage their trades in 10 to 30 minutes per day. Trend follower Richard Donchian once said:

"If you trade on a definite trend-following loss limiting-method, you can trade without taking a great deal of time from your regular business day. Since action is taken only when certain evidence is registered, you can spend a minute or two per [market] in the evening checking up on whether action-taking evidence is apparent, and then in one telephone call in the morning place or change any orders in accord with what is indicated. [Furthermore] a definite method, which at all times includes precise criteria for closing out one's losing trades promptly, avoids...emotionally unnerving indecision."

Each day you determine entries and or exits for the following day. You can then buy or sell "at the market" on the open the next day. These systems are that easy to execute.

FEATURE 2: Online Self-Testing System: 300 Interactive Questions

Every client is provided access to the online self-testing facility. It includes 300 questions covering trend following, systems trading, money management and order placement techniques. Self-tests use both true/false questions and multiple choice. Clients may access the correct answers after they complete testing. Example screen-shots of online testing system:

Screenshot 1
Screenshot 2.

FEATURE 3: Trading Resource CD with Money Management and Entries/Exits

The resources CD has numerous proprietary systems and money management approaches that assist learning trend following trading. It includes:

• Money Management Practice Guide
• Correlation Studies of Historical Market Data
• Order Placement Tutorial
• EXCEL spreadsheets: 20+ EXCEL sheets covering trend following trading.

FEATURE 4: LEAPS® Options & Single Stock Futures Manual

The LEAPS® Options & Single Stock Futures Trading Module has three core components:

• The LEAPS® trading module for equity options with examples and instructions delivered via hard copy manual
• The Single Stock Futures module with all examples and instructions delivered via hard copy manual
• Stock Data CD of historical price data includes end of day data on all stocks that have LEAPS® and end of day data on all indexes that have LEAPS®.

FEATURE 5: Money Management Practice Manual

Money management is a core component of the 'Trend Following Trading Systems Course'. Covel teaches exact money management techniques and provide examples on how to implement all techniques:

• How much to trade at any give time.
• When to increase your position.
• How much to risk.
• How to evaluate total market risk.
• How to diversify your account.
• How to avoid over exposure among markets.

The Money Management Manual is delivered on the resources CD. The Money Management Manual is 216 pages.

FEATURE 6: Audio CD Set (with $1299 course only)

The 6-CD set teaches major components of the 'Trend Following Trading Systems Course', but with different perspectives that help the overall learning process.

CD 1: Trend trading for beginners. This 45-minute CD introduces the basics of trend following trading from its underlying philosophy to the main elements you need to trade for big money opportunities. Structured in FAQ format, this CD covers such questions as:

• How do I get started in this course as a beginner?
• Do markets change?
• What is a breakout?
• How do you log trades?
• How do you know when you are ready to begin trading?
• What does follow the price mean?
• Will trend following lose its effectiveness?
• How important is money management?

CDs 2 & 3: The Story Behind Trend Following Trading Systems. These 2 CDs (110 minutes total) lift the veil on the great traders explaining who they are and how they trade. Covel uses historical facts, anecdotes, quotes from biographies, analysis and actual audio clips from seminars. It covers topics such as:

• The wisdom of trend follower Bill Dunn.
• The 'Babe Ruth' Effect.
• Trend follower Tom Basso on market timing.
• Trend follower John W. Henry defining uncertainty and simplicity.
• Richard Donchian: the Father of Trend Following.
• Emotions and decision-making.
• Losers average losers and Paul Tutor Jones.
• Trend following for global markets.

CDs 4 & 5: Getting Started with trend following trading Systems. These 2 CDs (103 minutes total) take a practical "nuts and bolts" approach to applying the rules of trend following systems trading. These CDs cover many of the typical client questions including:

• Do you need news and price screens to trade?
• Bet-sizing.
• How many contracts do you trade?
• Adding to a position.
• 'Heat'.
• Technical Indicators.
• Risk Aversion.
• Long or Short.
• Software issues.
• Price indicators.
• Learning from losses.
• Trending silver example.

CD 6: Trading the Trend Following Trading Systems Way. This 90-minute CD overviews how to apply trend following trading systems. Topics include:

• Exit signals.
• Trading currencies.
• Why choose high volatility trading?
• Time stops.
• The long short balance rule.
• How much should you risk?
• The average true range.
• Short selling versus put options.
• Knowing when to switch markets.
• Reducing and increasing unit size.
• Risk versus volatility.

The CDs can be played on a PC, Mac, iPod, etc. Samples of audio quality are here.

FEATURE 7: DVD Video

This instructional DVD teaches the principles of trend trading and systems trading, as well as other important course content from entry criteria to behavioral finance.

FEATURE 8: Client Support: only educated traders survive

Why do clients need support? For the same reason we have colleges. If a textbook was all you needed for success why have colleges? Hands on instruction is key. How do you decide what is right or wrong? What should you believe? How do you handle the emotional aspects of trading? Michael Covel and his staff will show you exactly how to think about becoming a successful trend following trader. You may not have friends, associates or family members who really get this subject or even want to get it. We help with the live connection. This feedback loop is crucial for your money making goals.

Our dedication to client support has earned us the confidence of clients since 1996. Each and every client receives personalized support. Our courses were designed from the ground up to allow complete novices and advanced traders to quickly "get it". Our support team will answer 95 percent of all emailed questions within 24 hours. You can be anywhere and learn with us: iPhone, beach, office, your bedroom, your bathroom, it doesn't matter. Your physical location has nothing to do with your success in any, way, shape or form.

Bottom line, right from the start we are here to assist in teaching you how you can become a knowledgeable and confident trend following trader. We know everyone learns differently and there is no one size fits all training method. This is why our famed email support is so critical for your education. As soon as you become a client and receive your course you can contact us with questions. You will have access to free customer service for 1 year all as part of your original course purchase.

We look forward to supporting all clients as they pursue trend following excellence!

Frequently Asked Questions

Before jumping into a wide selection of frequently asked questions, first we want to address some misconceptions:

1. Do you have to quit your job to be a trend follower? No.

2. Is this day trading where you are glued to the screen all day? No.

3. Is this only for young people in their twenties? No.

4. Does trend following require that you were born rich? No.

5. Do you need a degree from Harvard to trade as a trend follower? No.

Now onto more questions and answers!

Q1: Is your training for the individual investor or trader?
A: Yes, absolutely. The majority of clients are individual traders and investors. Many are brand new with no experience. Some have experience, but the wrong kind of experience. Some only know buy and hold. Some only know value investing (i.e., Buffett). We train all clients in trend following methods. Whether you are age 22 and in college, age 30 working a job, or age 60 in need of trading techniques that actually work, we can help. The world has changed. Buy and hold is dead.

Q2: Is training for market professionals too?
A: Yes. Our training is used by experienced traders across 71 countries. We have trained hedge fund managers to CTAs to CFAs (Chartered Financial Analysts) to CMTs (Chartered Market Technicians) to brokers to financial advisers on every continent.

Q3: Are your courses just classic "Turtle Trading"?
A: No. Michael Covel's "The Complete TurtleTrader" explains the Turtle story and system in great detail. It is the definitive Turtle resource currently available, but our courses go beyond that material. They build off the Turtle foundation, but the human interaction with Covel and his staff, the live teaching element is different than a book.

Q4: Your offerings have been online since 1996. Have teachings and materials evolved over time?
A: The core principals of trend following are timeless, but year after year we add to instructional materials, adds new proprietary trading systems and ideas and always improves support avenues to help clients learn more efficiently. Nothing at TurtleTrader® is ever dated.

Q5: What starting capital is needed?
A: There is no magic number that can be promised. There are many factors to consider (read more), but don't get confused about starting capital. Consider a famous quote from one of the great trend following traders:

"I know of a few millionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions…This is one of the few industries where you can still engineer a rags-to-riches story.”

Bottom line, many highly educated (and wealthy) people are so used to being ‘right' that they get very uncomfortable dealing with uncertainty. Their ego makes them afraid of being ‘wrong', so they're unable to make good bets. They aren't comfortable with the idea of risk, because they don't know how to assess it or measure it. They have been taught only to absorb knowledge, not how to apply it to make money. At the end of the day, small accounts can make the big money. Small traders can trade stocks, ETFs and LEAPS® options and get many of the same market opportunities as larger traders. We teach how.

Q6: What is the difference between Michael Covel's books and courses online?
A: The books are great resources filled with thousands of details, and they have helped many people learn, but trading courses with support are entirely different. Questions do come up. Clients need help. Instruction gives insights that a book can't give. Additionally, there are many proprietary trading systems in the courses not included in the books. Bottom line, a book is a book, and a live teacher is a live teacher. The value of human interaction can't be underestimated.

Q7: Will too many start trend following and make it less profitable?
A: No. The best example is 2008. Trend followers made a fortune. Let's face it, most people are stuck as buy and holders. The entire system is rigged through laws and custom to keep people doing the same thing year after year. The profitability of trend following shows absolutely no sign of slowing down.

Q8: Is this only for futures trading?
A: No. Trend following is not instrument specific. Trend followers can and do trade all types of instruments. Some trade futures. Some trade FX (or Forex). Some trade ETFs. Some trade LEAPS® options. Some trade stocks. Some trade commodities. For example, today trend following traders can trade ETFs and get exposure to commodities markets without having to trade futures. Bottom line, We help navigate you through what is the best option for your situation. The following is a list of exchanges where you can trade various markets and or instruments as a trend following trader: stocks exchanges, futures exchanges, LEAPS® options, ETFs, single stock futures and U.K. regulated spread-betting.

Q9: Is systems or trend following trading ‘risky'?
A: Life is ‘risky', you might get hit by a car crossing the street! All trading is ‘risky'. However, if you have a concrete plan risk is manageable. That is a key to the success of great trend following traders who make the millions. Bottom line, trend traders define the ‘risk' with a ‘number' and respect it at all times. As we have seen in 2008 buy and holders, mutual funds, etc. don't control risk at all.

Q10: What about potential failure?
A: Many people actually want to fail. How else can you explain the fact that so many people ignored the opportunity to learn the right way to trade, but instead gambled away fortunes through buy and hold? We teach how to minimize failure.

Q11: Is there a course guarantee?
A: Yes.

Q12: What are return examples?
A: Many trend followers have made over +100% in the last year. For example, the following performance reports from professional trend following traders show the types of returns that can be earned by sticking with systematic trend following trading systems:

• Salem Abraham (PDF)
• Dunn Capital I (PDF)
• Dunn Capital II (PDF)
• Dunn Capital III (PDF)
• Man AHL I; London (PDF)
• Man AHL II; London (PDF)
• Bob Pardo (PDF)
• Eclipse Capital (PDF)
• Liz Cheval; Turtle (PDF)
• Hyman Beck (PDF)
• Millburn (PDF)
• Superfund I (PDF)
• Superfund II (PDF)
• Bernard Drury (PDF)

• Abraham Trading compared to U.S. indexes.
• Abraham Trading compared to world indexes.
• Aspect Capital compared to U.S. indexes.
• Aspect Capital compared to world indexes.
• Chesapeake Capital compared to U.S. indexes.
• Chesapeake Capital compared to world indexes.
• Clarke Capital compared to U.S. indexes.
• Clarke Capital compared to world indexes.
• Drury Capital compared to U.S. indexes.
• Drury Capital compared to world indexes.
• Dunn Capital compared to U.S. indexes.
• Dunn Capital compared to world indexes.
• Eckhardt Trading compared to U.S. indexes.
• Eckhardt Trading compared to world indexes.
• Eclipse Capital compared to U.S. indexes.
• Eclipse Capital compared to world indexes.
• EMC Capital compared to U.S. indexes.
• EMC Capital compared to world indexes.
• Hawksbill Capital compared to U.S. indexes.
• Hawksbill Capital compared to world indexes.
• Hyman Beck compared to U.S. indexes.
• Hyman Beck compared to world indexes.
• Man compared to U.S. indexes.
• Man compared to world indexes.
• Millburn compared to U.S. indexes.
• Millburn compared to world indexes.
• Rabar compared to U.S. indexes.
• Rabar compared to world indexes.
• Saxon compared to U.S. indexes.
• Saxon compared to world indexes.
• Transtrend compared to U.S. indexes.
• Transtrend compared to world indexes.
• Winton Capital compared to U.S. indexes.
• Winton Capital compared to world indexes.

Additional performance data from more trend following traders:

• Month by Month Data: Salem Abraham
• Month by Month Data: David Harding (Winton Capital)
• Month by Month Data: Bill Dunn (Dunn Capital)
• Month by Month Data: TransTrend (Nederlands)
• Month by Month Data: William Eckhardt
• Month by Month Data: Tom Shanks (Turtle)
• Month by Month Data: Liz Cheval (Turtle)
• Month by Month Data: Bob Pardo
• Month by Month Data: Jerry Parker (Turtle)
• Month by Month Data: Michael Clarke
• Month by Month Data: Bernard Drury

Winning trend following winning charts:

• Chart 1
• Chart 2
• Chart 3
• Chart 4
• Chart 5
• Chart 6

Q13: I am currently a financial adviser and will be going back to school for a 4-year degree in the summer. As far as school is concerned what type of courses would be most advantageous for my to take or learn that would help in trend following? Thank you for your help.
A: Most finance departments don't know about trend following. If they do, they call it ‘luck'. In fact, many of the greatest traders had little to no experience trend trading before starting (John W. Henry does not have a college degree). However, the great trend traders were motivated to learn and work hard. You need average intelligence and self-discipline to follow rules. We teach how to get to the right frame of mind.

Q14: The trend following advice "buy higher highs and sell short lower lows” goes against conventional wisdom.
A: "Buy higher highs” means that trend followers buy as markets go up. If a trend goes up, say from 5 to 100, do you only buy at 5? A trend trader could also buy at 20 as the trend continues upward to 100. "Sell low” is the opposite. Trend traders go short as the market declines and make money too.

Q15: How much math is involved?
A: +, -, *, / — the basics. A degree in math, statistics, or economics is not needed to trade trend following techniques. Staff, premises, and expensive overhead are not required.

Q16: Is the trend following trading that you teach black box system trading?
A: No, this is not black box trading. All rules and philosophies are fully disclosed.

Q17: Will I be able to make money in both long and short positions?
A: Yes. The exact strategies we teach enable profit from both rising and falling markets.

Q18: Do the best trend following traders often reside in obscure locations making only a few trades a week and not following the markets during the day?
A: Yes. We teach how they do it. Some trend followers only trade once a week. Forget the ridiculous nonsense of day trading and 5 minute bars, many trend followers trade weekly bars! In fact, one trend following trader trading weekly bars made over +40% for the month of October 2008 alone. That's right, a one month return of +40%.

Q19: Does trend trading work on stocks?
A: Yes. Anyone who says trend following trading is not for stocks is flat out wrong. You can trade stocks, LEAPS® and ETFs. More.

Q20: How much time is required to trade as a trend following trader?
A: You can spend a minute or two per market checking up each day. For example, let's say you check prices in the evening, then with one trade on your PC in the morning, you place or change any orders in accordance with the rules. Use your iPhone or Blackberry.

Q21: What markets can be traded?
A: All markets can be traded with trend following methods. Trend following strategies are for stocks, bonds, options, currencies, commodities, ETFs and LEAPS®.

Q22: Why the emphasis on money management?
A: Money management, also called risk management or position sizing, is a critical component of trend following trading success: read more.

Q23: Are markets different now?
A: No. Markets are the same since they always change. Trend following trading responds to change. It adapts: read more.

Q24: Isn't 24-hour news needed?
A: No. You can use the internet to get closing price quotes. You don't need real-time news. In fact, you don't need news reports at all. Cramer and CNBC? Turn it off please.

Q25: What software and hardware do I need?
A: There is no one software or hardware product to assist your trading. There are many products to help automate the rules we teach. We can help navigate the waters, but keep in mind PCs and software are blank slates not the rules. We provide the exact trading rules you need.

Q26: Is trend trading only for U.S. markets?
A: No, trend following is for all markets across all countries. We have clients in 71 countries trading on exchanges from Europe to Asia to the Middle East to South America to North America.

Q27: I am a 45-year with $100,000 of investment capital. My goal is to turn $100,000 into $500,000 in 10 years. I want a trading system to achieve a goal of around 17% a year. I consider myself an amateur in the markets, but I am willing to learn. Does the course teach how to achieve such a goal?
A: Yes, but you need to work hard. There are no free lunches. There are no guarantees.

Q28: Is leverage part of the trend following system taught?
A: Yes. All great trend following traders use leverage with specific rules. Leverage is a tool to be used correctly. We teach how. Keep in mind, this is not the use of leverage that sunk so many Wall Street banks. It is different.

Q29: Will I learn to set profit targets?
A: Profit targets are not wise when trading as a trend following trader. This is not about prediction. Prediction is impossible. We teach how to react to market unexpected events, not predict them.

Q30: How do trend following trading handle losses?
A: We teach you how to anticipate and accept small losses as a function of playing the game. You learn how to manage your small losses in order to keep yourself ready for the home run trade. Our precises exit strategies are critical.

Q31. Are trailing stops used in trend following?
A. No. Trailing stops can knock you out of a trade too early.

Q32. Do trend following traders make decisions based on economic and or CNBC reports?
A. No. Those reports are useless.

Q33. Do trend following traders adjust to changes in volatility?
A. Yes. Automatically.

Q34: Once I complete training will I need to rely on my broker to help me trade successfully?
A: You will not need a broker's opinion. Why would you want a broker's opinion? You mean like Bear Stearns, Lehman Brothers and Merrill Lynch? Hasn't that model been refuted? You will have precise rules that a broker can't make better.

Q35: What about academics who always talk about markets being efficient?
A: Highly educated people know just enough to hesitate pulling the trigger. You must have the techniques, but you must also have the guts to play the game. The markets are efficient until they are not and that happens all the time. See chapter 4 of the book "Trend Following" for more.

Q36: Why should I buy your education trend following trading system when others promise 70% accuracy?
A: If someone has a trading system where 70% of the time you win, but you make very little when you win and then during the 30% of time that you lose, you get killed, how great is the system? The goal is to make the most money, not to have a high winning percentage. High winning percentages means nothing and should be a red flag that you are about to get fleeced.

Q37: What do you think of new trading techniques involving artificial intelligence, genetic algorithms, neural nets?
A: These techniques are designed to predict the future. That is impossible. They are a waste of time.

Q38: What do you think of Gann and Eliiott Wave?
A: Not much.

Q39: Once training is completed what additional expenses will be needed to start?
A: You need to plan for basic additional expenses in the form of money to trade and daily market data (about $20/month).

Q40: I've lost a ton of money in my 401K. Can trend following trading help? Isn't this expensive instruction?
A: Yes we can help, but how is this instruction expensive if you just said you lost a ton? It is time to stop the financial bleeding. We charge for education, for his time, instruction and expertise, but it is an investment if you think about it correctly. While trend following has always worked, the events of 2008 have made it an even more important strategy for anyone and everyone who may still want the chance to make millions.

Q41: Once purchased what is the support and coaching policy?
A: We offer super fast email support for one year after purchase. We offer coaching to make sure you gain the confidence you need. This is how we built our reputation.

Q42: Is this about get rich quick promises?
A: No. Read.

Q43: I am a manager from Brasil and I use trend following techniques. I read all of your books and I am a daily viewer of your website. I want to know the price for the seminar and if it is the same subject as the system and trend trading course? Where and when exactly will the seminar occur? How many days will it last?
A: Read.

Q44: Who are some of the traders and investors bestselling author Michael Covel has either interviewed or spent time with in person? Who are the people who have influenced the curriculum we teach to all clients?
A: The list is long: read all.

Q45: I'm in the beginning stages of starting a fund and I have a lot of questions, but I really haven't been able to talk to anyone about it, mostly because I haven't met anyone in the business. I really don't want to impose, but I was wondering if I put a few questions together if you could forward it to someone you think could be helpful in answering them? Again, I don't want to impose or jeopardize your relationship with any of the managers you know.
A: One of the features of our home study course is support. These are the types of questions we handle. We can help on introductions, along with hints on how to break into the business.

Q46: I currently work in a 500 Fortune company as a Finance Director. I have been studying for 3 years about investing, mostly following the teachings of Ben Graham and Warren Buffett. I have not lost money, but have not make money. I have always felt that I cannot pin point the right entry. I looked at different hedge fund managers that invest on the same principles and seems that their stocks always go up every month or quarter. So in my head I always felt that there is more to investing that just picking up deep value companies. Then I read "How I made $2,000,000 in the Stock Market" by Darvas and "How to Trade Stocks" by Livermore and then I got hooked into including trend following techniques. I was reading your book on The Turtles and got more interested and read your web site. I'm interested in your training courses and your one on one training, but I have to be honest, it seems strange that someone is willing to train or give away a process that works. Normally when too many people jump into a system the system stops working. This is one of my questions.
A: This issue is addressed already in FAQs, but think again about the Turtles. Think about all of the trend followers with decades of trend following trading results. Bottom line, most people don't want to change. Most people are happy losing with buy and hold. Sad, but true. This issue is also addressed in the last chapter of the book "Trend Following".

Q47: Does the course explain how options can be used effectively in lieu of buying equities when there isn't enough capital to make equity-buying work? My starting account for the next few months will be small.
A: Yes. This is explained in detail.

Q48: Does the course explain exactly which markets to trade and why (i.e., to adjust for volatility/risk exposure)?
A: Yes. A key to the consistency of trend following is diversification across markets. Trend following exposure to all markets allows profits from trending markets to cover losses from other markets. Big moves, and the profits from those, offset losses. Additionally, using the exact same rules and parameter values across markets is a key factor in keeping trend following trading systems robust.

Q49: Are chart techniques and studies used to pick entry & exit levels and where to place stop levels? Presumably all trend followers use slightly different criteria and signals such as RSIs or Fibonacci for picking levels? Do you teach a one-size-fits-all method of level picking and using indicators or do you tailor it to the individual?
A: We teach how to tailor trading to the individual. He teaches how to think about the choices. Of course, one size can work just look at the Turtles' success.

Q50: Are the money management rules covered a one-size theory or do you allow it to be adjusted for volatility and risk appetite?
A: Money management is definitely something that can be adjusted to one's risk appetite. We teach how.

Q51: Does your course advise on where to access charts/data? I currently use CQG, but to view all markets (FX, commodities, bonds, etc.) it is quite expensive.
A: You should not be paying more than $20/month for data. We help here too.

Q52: Do you have audio that explains the course offerings?
A: Yes:

• MP3: Do you have these 5 questions answered?
• MP3: Calm doesn't last.
• MP3: Instant gratification is not part of great trading.
• MP3: Modeling 1
• MP3: Modeling 2
• MP3: No risk, no return.
• MP3: We can all be nurtured to trade great.
• MP3: Rules of discipline: risk control.
• MP3: How much time does it take?
• MP3: Ups and downs are reality.
• MP3: What is a trading system?
• MP3: What's the difference between winners & losers?

Q53: I keep reading about fancy software, red light/green light, and all kinds of complicated trading strategies that seemingly only rocket scientists can trade. Is that what this is?
A: No. The real risk in today's age is over-doing your trading system. There is so much computing power available and so much data available. We have had people who have shown us a trading system that never lost money over a six months period. The problem? Their system will never make money in the real world.

Q54: Can I trend follow in my retirement account?
A: Yes, absolutely. IRAs, Keoghs, Seps, etc. You can trade stocks, futures, ETFs & LEAPs in your retirement account.

Q55: Does trend following really have no bias about going long or short? I can make money in both bull and bear markets, up and down?
A: Yes. No bias. Like a chameleon trend following trading systems adapt to current market conditions, whether the market is going up or down you can win.

At the end of the day there are no secrets, but there is information that you don't yet have:

• We teach you how to embrace uncertainty to work for you.
• Learn how to trade for out-sized absolute returns on all markets.
• Market goes down? Still make money by the bushels.
• Human emotion can't impact your system. We teach how to be objective.
• Trying to predict a market top or bottom is impossible and not needed to profit.
• You can trade from anywhere in the world with a computer and a phone line.
• Winners think about how much they can lose. Losers think about how much they can win.
• You will not be looking at charts and making ‘educated guesses' about what to do.
• Keep track of volatility and respond to changes with a plan of risk management.
• Many of the things you might think would matter most matter least. We explain.

What Are Others Saying About Our Big Money Techniques?

"Skeptical before [our] purchase. Your web site examples with Barings and the German firm gave true insight. [Our] extensive testing before trading gave our people confidence in the approach. Thank you for your straight forward service and insight.”

"Your patience and speedy replies are rare in the business world today and are greatly appreciated.”

"I'm really impressed with all the help you've given me, it really has made a big difference. You should know that yours is the only program I've purchased. I'm exceedingly skeptical as 99.9% of the crap peddled as systems or in books is at best incompetent and at worst criminal.”

"I appreciate the questions/support aspect of this package very much. I have recently decided to go on my own, and make a complete commitment to trading with the intention of forming hedge or futures fund once I gain more experience and a track record with my own account. My point is that I take this seriously, and I appreciate the help.”

"The difference in your materials is that you stress actually what to do, rather than listing what not to do. Just because I know not to buy IPOs of biotech companies with no assets, no sales and no earnings doesn't mean I have the knowledge to go out and be a value investor. Anyway I'm rambling, but I have found the materials helpful and I appreciate the one-on-one help you've given.”

"The section on money management will save me the purchase price in losses. After two or three reads, the section on risk and expectation clicked. Is was like a light coming on.”

"Your product and services are the best I've seen since I've been in futures and commodities. I have been looking for a 100% systematic approach to trading that followed trends. Once I read about Trend Following, I knew that's what they were taught, and I wanted to know what they knew. These methods are what I've been looking since I started in this field. I appreciate your patience and information that you have provided. Once again, thanks for the help you have provided.”

"I'm backtesting the data you sent me [with the full package and it is a] very impressive amount of information.”

"I have to thank you for your service. I have been involved in the trading arena since 1995 and have at different times been a broker and trader and have been witness to some of the biggest hypes ever devised. I have seen droves of unsuspecting people being led to the slaughter by unscrupulous marketers, themselves having only the tiniest bit of trading knowledge or experience, pushing the latest Holy Grail. With this overview I've become very pessimistic of any type of trading program. It took me a long time researching your site before I finally bought the program. It was the greatest investment I have made. Before your program, I have bought and read countless books on trading and never has the information on money management been addressed like you do here. Definitely the most important issue in trading. It took me a while to shake the market entry and timing bug and focus on money management but once I did it created a simplified trading process and makes it much easier to stomach being in the markets. I am still chewing on a couple of the techniques and refer to the manual frequently but believe, in time, they will all become second nature. Thanks again for standing up and putting out a program that is real and keep up the great support.”

"I had never heard of your site before today when I literally stumbled upon it. I love it! You nailed the comments about the Fool. I agree on your assessment of Faberisms as well. Anyway, just wanted to drop you a note and tell you I liked the site. Good job. Easy to navigate. Great attitude.”

"I am an Italian trader and I want to offer you my congratulations. Your site has all the right concepts about trading, not like so many others. People use fundamental analysis, technical analysis (methods like Elliot, Gann, Fibonacci, pattern recognition and other technical indicators that are completely useless) or new technology like neural networks or genetic algorithms because they want to predict markets, control the market and because they do not know the really important things for trading success. We must have rigid money management rules and control volatility. If we do not do this and the market go against us, we will lose.”

"Thank you very much for the suggestions! I TRULY appreciate the quick and to the point responses. If any potential customers have questions in regards to client support, I will gladly recommend the site and acknowledge the professionalism of the staff. I will paper trade a few months and then start with stocks and mini contracts as suggested. If you need any references in regards to the follow-up support that you provide, again I would be happy to answer any skeptics!”

More reviews and testimonials. Also book reviews for Trend Following and The Complete TurtleTrader.

Discounts and Rebates

A maximum $100 discount for all trading systems & courses are available for any of the following situations:

• All college students with current ID.
• All military members with current ID.
• Anyone who purchased a book about Warren Buffett.
• Anyone who purchased a system tracked by Futures Truth.
• Anyone who purchased Aberration, I–MASTER, D–MASTER, Aberration Plus, Aztec, Catscan, Catscan 4, Golden SX Plus.
• Anyone who purchased Investools, BetterTrades, or Ken Roberts. For those who started there, ok, but it is time for more.
• Anyone who purchased Trend Trading to Win or Russell Sands.
• Anyone who purchased Wealth-Lab, Mechanica, Trading Blox, TradersStudio, Metastock and TradeStation software.
• Anyone who purchased eSignal, CQG, DTN, and Advanced GET software.
• Anyone who lost 30% or more buying and holding mutual funds.
• All TurtleTrader® legacy clients.

If you don't see your trading system or software mentioned please email to see if it qualifies. Note: if ordering online, and you desire to take advantage of this discount, simply select the ‘legacy client discount' on the online order form.

We offer group discounts for groups of two or more. Please email for more information.

Many brokers will pay for their client's trading education. Ask your adviser if they will cover the cost of your trading course tuition. Many will, but you have to ask. Also, rebates are provided to clients for referrals. All clients are entitled to a $100 rebate for every new trading course client that signs up. There is no limit to the number of referrals you can provide. $100 is paid for each.

Our clients also receive a 10% discount off of all advertised prices at market data vendor CSI Data. Email for more information.

Payment Options

Payment can be made via check, credit card, PayPal, and bank wire. Please email for check, PayPal and or wire instructions. Credit card orders can be placed online.