Mutual funds & index investing are dead. How many more decades can you go with either no or negative performance? The Fed, politicians & Social Security are no solution. There is an alternative. Trend following trading systems have produced above average returns in stocks, futures, currencies, LEAPsĀ®, ETFs & commodities in both bull and bear markets for decades. We teach trend following systems designed to deliver the chance for all traders in all countries to make out-sized market profits with a systematic & non-emotional plan of attack.


Watch free trend
following video now.

Free email newsletter:
16,000+ readers for 10+ years.


Turtle Trader

Bruce Kovner: Top Trader and Market Wizard


Bruce Kovner

Where does Kovner generate profits from? Consider:

Mr Kovner has reportedly attributed his money making success to "stupid governments", implying that the policy mistakes of central banks and governments causes disequilibria in financial markets that can be exploited.

Global Macro Funds - What Lies Ahead
Peter Ahl, Orthogonol Capital Management

Bruce Kovner was also heavily influenced by Michael Marcus (a student of Ed Seykota's):

Michael taught me one thing that was incredibly important. He taught me that you could make a million dollars. He showed me that if you applied yourself, great things could happen. It is very easy to miss the point that you really can do it.

Bruce Kovner was originally profiled in the Market Wizards.

Starting Out

What kind of risks did Kovner take? How much did he want it?

Kovner borrowed $3,000 on his MasterCard in early 1977 and began trading on his own. He made $1,000 on his first two trades ? copper and interest rate futures. Kovner says his earlier trading experience were the most memorable. The first time he lost control of the trading process was in the soybean market. It is seared into my memory. A shortage developed in soybeans, running his $4,000 position up to $45,000 in six weeks. In a moment of insanity, I discarded a hedge limiting losses if prices turned down, which they did. In a panic, he liquidates his position, escaping with a loss of $23,000. Yet he still had $22,000, five times what he started with. I had a huge gain but lost half before getting out? I lost half the profit in an hour. I closed out the trade and was physically sick for a week. In retrospect that was a very good thing, says Kovner. It helped me understand risk and create structures to control risk.

The New Investment Superstars.

Background

What is Kovner's background?

A music aficionado, he has best been known to treat friends to private performances at his New York City home by up-and-coming musicians, often from New York's famed Julliard School. Six feet two inches tall, with a neatly trimmed graying beard and a professional manner, Kovner grew up in the San Fernando Valley east of Los Angeles, the son of an engineer. When a bad case of writers block stymied his quest for a Harvard Ph.D., Kovner drove a cab to pay the rent, took harpsichord lessons at Julliard and dabbled at a succession of pursuits while seeking this true calling. In 1976 he found it: currencies and futures speculating.
Financial World.

Kovner is another in the long line of alumni from the legendary Commodities Corporation.


NOTE: If you want to learn trend following techniques and systems through advanced home study and or seminars for all traders click here. If you want to learn about trend following trading in general there is one definitive text the bestselling classic "Trend Following: Learn to 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 have any questions you can reach us immediately via phone or email.

facebook   twitter   linkedin   youtube   apple podcasts   rss

Trend Following Systems

Clients 70+ countries: more info

Trend Following by Covel

1st Bestseller: select | reviews

'Broke' Covel's Film

Documentary (DVD): select

TurtleTrader by Covel

2nd Bestseller: select | reviews

Seminars and Consulting

In-person instruction: more info


Affiliate Sign-up

Revenue sharing: more info

Fund Managers

Covel Interviews: more info

Sponsorships

Increase awareness: more info



-->

Market Wizard Interviews


  • Jim Rogers on the Fed con.

  • Market Wizard Larry Hite discusses dating odds.

  • Poker pro Howard Lederer on poker & trading the markets.

  • Trader Salem Abraham talks about the unexpected.

  • Michael Covel speaks in Brazil.