The Turtle Trading Course and System

Trade Like a Turtle: Recession Proof Your Portfolio, Consistently Crush the Markets, and Build Generational Wealth

Enroll in the course

I couldn’t believe what I had found

It was 1994 and I had just finished reading an article in a not so well-known finance magazine. There weren’t many details, but it talked about a pair of super wealthy traders who took people with absolutely zero trading experience and taught them a trading system to buy and sell. No guessing.

By the end of the training the students combined had made $100 million. 

What the hell was this, I said to myself? And how was nobody talking about it?

I had to find out–so I started digging.

Enter Richard Dennis and William Eckhardt–the two trading partners who had a score to settle with each other. Eckhardt believed traders were born, not made. Dennis boasted the opposite, “We can grow successful traders…” They happened to be visiting a turtle farm in Singapore at the time “…just like those Turtles,” Dennis said.

The bet was on (and so was the Turtle name).

Dennis knew that he had developed a straightforward approach to trading for riches that anyone could learn to use. He knew he could teach anyone to make millions with his trading strategy, his system.

He was 100% right. 

Traders were recruited from many walks of life. Those selected were taught the method in a few weeks and then given a trading account. While a few students washed out, most TurtleTraders rose to rock star trading fame earning $100 million in profits for the partners. This unusual experiment proved that people could be taught to trade successfully—if they followed the system.

Nurture beat nature.

You see the Turtle Method is more about making money than it is about being right. The Turtles used strict rules applied to limit losses early in a trade, but then stops would be loosened to let their trade winners run for big profits. This is counter-intuitive (which is why some Turtles didn’t survive). But those who followed the system made millions. That is inspirational.

Michael Covel

I’ve been researching these strategies for 20+ years now. I’ve written five books on the topic including The Complete TurtleTrader. I have interviewed most of the Turtles and hundreds of other trading experts. That includes six Nobel Prize Winners and others in fields ranging from trading and finance to human behavior and trading psychology. I’ve personally taught thousands of people how to use these trading methods for the chance to make the big money.

Featured in: 

Now it’s your turn to learn the system that will transform your trading from a guessing game into a systematic strategy with the chance for huge annual returns.

  • Is your current investing really working for you?
  • Are you day trading like a mad man?
  • Are you guessing with fundamentals trying to be Warren Buffett?

If you’re ready for a proven, documented, and tested trading system–the same system that Dennis used to turn nobodies into millionaires almost overnight…enroll with me now and learn how.

Enroll Now

The Turtle Trading System

The TurtleTrading System and its nurture beats nature philosophy requires that you think scientifically about trading. What does that mean? Trends naturally occur in markets. They’ve been recorded throughout history. Identifying, capturing, and riding trends is the consistent method to big money.

But how?

There are two main principles you must understand to trade like a Turtle:

The Rules of the System

-and-

The Turtle Trading Philosophy

How does it work?

The Rules of the System

Mainstream investors trade using fundamental analysis via government crop reports, weather analysis and bank reports. That analysis serves as the backbone for how most investors to put their money to work. It’s a dice roll.

TurtleTraders, on the other hand, don’t trade on government data or Wall Street banks. They trade on price movements, price momentum. Trend following models make their major gains by participating in significant price trends. Thus a Turtle trend follower’s basic approach is to limit the losses while making the big money on the big trends.

Turtle trend following techniques are 100% “systematic.” Again, trend following does not involve seasonal trading patterns, market profiles, triangles, fundamental analysis, traditional TA, candlesticks, currency trading pips or day trading. No bullshit is involved.

Turtle trend-following trading is rooted in risk control and diversification.

The needed basic math is straightforward and easily learned. The beauty of the Turtle system is that it is not based on the daily emotions of the trader. It disciplines the trader to act the same in both up and down markets with set rules.

The Turtles are truly the “counter-culture students” of the trading world.

This unconventional approach focuses on one simple, true quantifiable data point: Price. 

The Turtle trading system and its focus on price gives you the key to understand how money is made. It gives you rules that dictate when, what, and how much to trade for any given market.

This systematic approach to investing creates massive confidence in your trades, in the process, and in your portfolio. This is a strategy that gives you a real opportunity to build true wealth over time.

The strategies used to identify and enter trends are grounded on probabilities and odds. Making low risk bets on momentum allows you to identify trends early and get on board for the big wave.

Such a simple and focused system allows you to trade it across all markets. It doesn’t matter what you trade–just how you trade it. All that’s required is following an original systematic set of rules.

The Turtle Trading Philosophy

So why doesn’t everyone trade like this?

Investing is a zero-sum game. Somebody must win and somebody must lose and mainstream media knows this. Yet the 24-hour news cycle pushes fundamentals down our throats every chance they get while ignoring traders like the Turtles.

You see, trading fundamentals puts you in the herd mindset–and nobody makes money trading exactly like the herd. Following trends and trading like a Turtle frees you from being like your lost in space neighbor.

Of course, breaking out from a group psychology is uncomfortable. It requires self-discipline and mental fortitude. Following the Turtle rules and not letting emotion cloud your judgement is the path for those of us who want to accept reality.

This curriculum is the product of two decades of work. This is the first time it’s ever been released in full via a dedicated teaching system you can use from anywhere. A comprehensive course that gives you the tools to master the Turtle Trading System.

Take a look inside:

1. Introduction to the Turtle Trading System
Learn the true nature behind the Turtles and the advantages of trend trading and applying it to the markets.
2. Nature vs. Nurture
You can learn to trade like a Turtle. Learn the rules, approaches, and theories needed to rapidly gain skill at trend trading. Establish the mindset before you learn the system.
3. The Turtles
Orientation day for the Turtle Trading Training. The basis of the experiment and the traits that make the Turtles successful.
4. The Philosophy
Learn to think scientifically about the market. The five questions you shall always answer about your trades.
5. The Rules
Learn the rules to entries, addons, and exits that--if you follow them--that give you the chance at riches.
6. The Data
Resources and exercises on past performance, successful Turtles, and historical data--all to hone your skills in applying the philosophy and rules.
7. The Human Side
Master your emotions and avoid impulse decisions and rash market moves. An extensive section exploring behavioral finance, the psychology of money and improving your trading skills.
8. Turtle Thinking Outside Trading
Learn how to apply the philosophy and skills you’ve developed in the previous sections to other parts of your life.
9. Outside Education
Instructions on diversifying your learned knowledge into other markets with tutorials on Futures, ETFs, orders and more.
10. Historical Books and Papers
In the hundreds of years that trend traders have been trading the markets, most, if not all, market conditions have been experienced. Wisdom is history.

Crash-Proof: Turtle Performance

There are hundreds of years of data that show the advantages of trend trading like the Turtle way. Financial theorists have been writing about the process since the 1700s. The portfolio performance from the original Turtles shows the millions they’ve made using these methods. Fund managers from premier institutions around the world use similar strategies to produce huge returns.

The worst single month for stocks since October 1929 was in October 1987 when the S&P 500 Index plunged 21.6%.

Several high-profile Turtle managers were massively profitable when everyone else was losing.

The legendary Turtle Jerry Parker showed a +38.78% return that very same year.

Bottom line, Parker’s earnings from 1988 through 2019 are the clearest demonstration yet that the story of the Turtles is relevant today. Using his publicly available disclosures and the size of his fund, and assuming a standard fee structure, the best educated guess of Parker’s net worth is hundreds of millions of dollars.

August 1998 Crash

Edged on by the ruble devaluation in August 1998, the world markets witnessed a severe correction, which ultimately led to the U.S. stock market taking a massive plunge on August 31. That month the S&P 500 fell 17%, and the MSCI World Index plunged 15.5%.

The average stock fund tanked over 15%, and most emerging markets lost over 25%. The average TurtleTrader, however, gained 4.9% in August 1998 as short-sale trends emerged from international stock indexes, the dollar, interest rates and commodities.

That’s the beauty of the Turtles. You don’t need a rising bull market trend to make money. The more difficult the environment for traditional asset classes, the better the Turtle trend followers tend to perform. Turtles make money up and down, good times and bad.

If you look back to the early part of 1998, you will see it was a similar period in terms of industry returns. It was a very sad time all the way through July. And then out of nowhere it came, the collapse or near-collapse of Russia in August and the LTCM crisis. All of a sudden, August was up 10 percent and September and October were up 4 percent or 5 percent, and many trend traders pulled down an 18 percent or 20 percent year out of nowhere.

The lessons of this time period are now taught by all prominent business schools, but they leave out the winning lessons Turtle Jerry Parker teaches:

Transparent. By and large, Turtle trend followers trade markets on regulated exchanges. They are not cooking up new derivatives in basements. TurtleTraders typically trade on freely traded markets where a price that everyone can see enables anyone to buy or sell. Trend followers have nothing in common with derivatives fiascos.

Understandable. Turtle Trading strategies can be understood by anybody. No high-level math only PhDs can comprehend.

No rock stars. There are individuals who not only want to make money, but also want a rock star as their portfolio manager. They want to think that the strategy being used to make them money is exciting and state-of-the-art. TurtleTraders are not in the game for notoriety, only to win.

The Dot-com Bubble

The period from 2000-2002 was littered with volatile up-and-down markets. Although the prime story for that three-year period was the Nasdaq meltdown (-31.53%), several subplots unfolded, ranging from the September 11 surprise to the Enron debacle.

TurtleTraders didn’t only stay afloat–they won big.

2002 Performance Histories for Active TurtleTraders

Salem Abraham  +21.27%

Jerry Parker +11.10%

William Eckhardt +14.05%

S&P -23.27%

NASDAQ -31.53%

Dow -16.76%

The 2008 Great Recession

The world changed as stock markets crashed during October 2008. Millions lost trillions of dollars when buy-and-hold-tight strategies imploded. The Dow, S&P, and NASDAQ fell like stones, with the carnage carrying over into 2009. Everyone felt it: jobs lost, firms going under, and fear all around. No one made money during this time. Everyone lost.

Hold on–is that true?

It is not. 

There were winners during October 2008 and they made fortunes ranging from +5 percent to +40 percent in that single month. And trend following strategies were the winners. First, let me state how it did not win:

They did not know stock markets would crash in October 2008.

They did not make money from only shorting stocks in October 2008.

Traders following the trends made money from many different markets; from oil to bonds to currencies to stocks to commodities, markets that trended up and down. It always does well in times of wild and extended price swings, in part because systems programmed into computers make calculated, emotionless buys and sells.

October 2008 provides a prime example of how we can produce gains in volatile and otherwise adverse market conditions. During this month and preceding months, our trading system not only profited from trends that were gaining momentum, but also responded to historic volatility by reducing or eliminating positions, and thus risk exposure, in markets which trends were growing stale.

2019, 2020? What’s Next?

Is that a prediction? A prediction for the next crash?

No.

But it is a reminder that you need more than trusting stocks will only go up.

Now is the time for that something different…

All you can do is take what markets give you.

The goal is to make money in whatever market is trending and not fall in love with one particular market to the exclusion of another, better market opportunity.

Don’t buy this course if…

You’re stubborn, close-minded, and not willing to learn new things.

You’re addicted to the 24-hour news cycle or “currency day trading.”

You’re stuck and don’t want to do what it takes to change your life.

This course and system is for you if…

You’re tired of the talking heads (CNBC, Money Matters, etc.) and want to KNOW how you can win when the markets are moving.

You want a systematic approach to trading. That means signals that tell you exactly when to buy, add and really hit the gas on big winners.

You are ready to get serious about building real wealth.

Course Curriculum

  • Introduction to Michael Covel's Turtle Trading Course
  • TurtleTrader Opening (6 pages)
  • Trend Following Opening (37 pages)
  • Chapter 1 Introduction
  • Nature v. Nurture
  • Exceptional performance is a learned skill or an innate talent? (52 pages)
  • The Two Arguing Mindsets
  • If You Want to Gather Honey Don't Kick Over the Hive
  • Perfect Failure (13 Pages)
  • The Art of Contrary Thinking (214 Pages)
  • Skill v. Luck (14:15)
  • Skill v. Luck 2 (36 Pages)
  • The Role of Luck in Getting Lucky (13 Pages)
  • Untangling Luck and Skill (42 Pages)
  • Talent Grab (12 Pages)
  • Why Greater Skill Leads to More Luck (16 Pages)
  • Deliberate Practice Audio Interview
  • Tortoise and the Hare (3 Pages)
  • Turning Goals into Results (16 Pages)
  • The Success Equation (64:40)
  • What It Takes to Be Great (5 Pages)
  • Expert Performance (23 Pages)
  • Perseverance and Passion for Long-Term Goals (15 Pages)
  • Chapter 2: Introduction
  • TurtleTrader (2 Pages)
  • Famous Ad for Students
  • The Prince of the Pit (3 Pages)
  • Art Collins Interview (4 Pages)
  • Choosing the Students (2 Pages)
  • Chapter 3: Introduction
  • The Learning Technique
  • Artificial Intelligence Hype
  • Why Professional Traders Are Process-Oriented
  • Finding Financial Wisdom in Unconventional Places (4 Pages)
  • The Foundations of Trend Following (15 Pages)
  • What You Need To Know
  • Wall Street Bubble Lessons
  • Chapter 4: Introduction
  • The TurtleTrader Core Rules (59 pages)
  • Alternative Entries TurtleTrader Rules (51 pages)
  • Turtle Trading and High Volatility Trading (4 pages)
  • TurtleTrader Charts
  • The Quizzes (156 pages)
  • The Order Tutorial (4 pages)
  • Futures and ETFs (16 Pages)
  • Guide to Futures (34 Pages)
  • Options on Futures (20 Pages)
  • Point Values
  • Portfolio 1
  • Portfolio 2
  • Portfolio 3
  • Classic Trend Following Rules (6 pages)
  • Chapter 5: Introduction
  • TurtleTrader Audio Interview 1
  • TurtleTrader Audio Interview 2
  • TurtleTrader Audio Interview 3
  • TurtleTrader Audio Interview 4
  • TurtleTrader Audio Interview 5
  • TurtleTrader Audio Interview 6
  • TurtleTrader Audio Interview 7
  • TurtleTrader Audio Interview 8
  • TurtleTrader Audio Interview 9
  • Chapter 6: Introduction
  • The Cognitive Bias Codex
  • 18 Cognitive Biases
  • Heuristics and Biases (10 Pages)
  • Pitfalls to Avoid (7 Pages)
  • Evolutionary Foundations of Heuristics and Biases (31 Pages)
  • Booms and Busts.
  • Daniel Kahneman
  • The Psychology of Money (25 Pages)
  • Investors as Dopamine Addicts (11 Pages)
  • Insights into irrational minds and markets (75 Pages)
  • Decision Making in Times of Risk (45 Pages)
  • The Psychology of Investing (46 Pages)
  • Risks and Benefits of Heuristic Thinking (33 Pages)
  • I Think, Therefore I Err (24 Pages)
  • StartNeuro-Linguistic Programming (29 Pages)
  • Succeeding with Emotional Intelligence (42 Pages)
  • Methods to Improve Decisions (16 Pages)
  • Success & Motivation: from Joe Schmo to The Benefactor (26 Pages)
  • A Trader's Self-Evaluation Checklist (2 Pages)
  • Chapter 7: Introduction
  • How to Make a Bloody Fortune in Bull, Bear and Black Swan Markets (91:26)
  • Reading Every Amazon Shareholder Letter (4 Pages)
  • This Rich Guy is a Trend Follower
  • The Business Behind 'Get Out'
  • The Scariest Thing in Hollywood
  • The Vegas Audio Interview
  • The Power of Sports Analytics (34 Pages)
  • Three Fundamental Insights on Baseball and Investing (5 Pages)
  • After the Process: Meet The Legend (19 Pages)
  • Analysis of Decision-Making Process in Moneyball (7 Pages)
  • Inside Sports Analytics (7 Pages)
  • Trend Following 1 (3 Pages)
  • Trend Following 2 (4 Pages)
  • TurtleTraders 30 Years Later
  • When Joe O'Neill Went Hollywood (4:33)
  • The Turtles Go Mainstream (36:42)
  • Turtle Legends Audio 1 (38:19)
  • Turtle Legends Audio 2 (36:50)
  • Turtle Failure
  • Psychology
  • Turtle Rules
  • All That Matters
  • Ben Bernnarke Hero
  • Beware of Geeks
  • Bubbles
  • Business Booms
  • Say No to Screens
  • Cut Your Losses
  • Diversity
  • Do You Have a Plan
  • Expectations
  • Fan Letter
  • Government Sugar Ad
  • Investment vs. Financial Planning
  • Market Timing
  • Merill Lynch Portfolio Training Program
  • Money Trap
  • Mulvaney Profit Run
  • Outliers Matter
  • Prison Endorsement
  • Risk Management Stops
  • Sitting
  • Stating the Obvious
  • Stick to Price
  • Macros and Hedge Funds in Crisis
  • Taxi Medallion Lead Example
  • Time Series Momentum Strategy
  • Too Late to Start?
  • Total Returns During Drawdown
  • Visualizing Portfolio Risk
  • You Are Here
  • Consistency and Discipline
  • Cutting Losses, Cutting Losses, Cutting Losses
  • Dennis Trading Card
  • Don't Depend on Hope
  • Worrying Is A Waste
  • Small People
  • Hite Trading Card
  • Larry Rules
  • The Way to Make Money
  • Don't Trust Your Own Opinion
  • Wall Street Never Changes
  • Loss Recovery
  • Losses Are Tuition
  • Precious Life
  • What Others Think
  • The Persistent River
  • Seykota Trading Card
  • Strapless Bra
  • Take Some Risk
  • Whats Your Level
  • Turtle Performance 1
  • Turtle Performance 2
  • Turtle Performance 3
  • Turtle Performance 4
  • Turtle Performance 5
  • Turtle Performance 6
  • Turtle Performance 7
  • Performance Data 1
  • Performance Data 2
  • Performance Data 3
  • Hardcore Background Articles
  • Testimonials
Online Course
Michael Covel's TurtleTrader Course

Trade like a Turtle with the exclusive course on the Turtle System.

  • Unlimited Lifetime Access to the Full Course and System
  • The Only Place to Find Michael Covel’s Comprehensive Turtle Trading System
  • Extensive Content Library on the Turtle Rules + Philosophy
  • Hours of Rare Turtle Interview MP3s
  • Thousands of Pages of Extra Resources (All Online)
Get Access For $1897 $997
Use Code TREND20

Our Guarantee

I want my training to work for you. If you follow my systems, put into practice what I teach and you don’t get a return on your investment at the end of a year, you have an option for a refund. That's a no risk education.

“The way I see it, you have two choices–you can do what I did and work for 30-plus years, cobbling together scraps of information, seeking to create a money-making strategy, or you can spend a few days reading Michael Covel’s book and skip that three-decade learning curve.”

Larry Hite, famed hedge fund manager who achieved a compounded annual rate of return greater than 30%.

Online Course
Michael Covel's TurtleTrader Course

Trade like a Turtle with the exclusive course on the Turtle System.

  • Unlimited Lifetime Access to the Full Course and System
  • The Only Place to Find Michael Covel’s Comprehensive Turtle Trading System
  • Extensive Content Library on the Turtle Rules + Philosophy
  • Hours of Rare Turtle Interview MP3s
  • Thousands of Pages of Extra Resources (All Online)
Get Access For $1897 $997
Use Code TREND20

FAQS

Q: Who is turtle trend following for?
A: Everyone (almost):

• All new or private traders trading their own account.
• All account sizes.
• Hedge fund managers, commodity trading advisors, floor traders and locals.
• Professional traders looking to establish money management businesses.
• Those that trade 401K, IRA, or other retirement vehicles.
• Those that want to trade all markets with the same rules.
• Those that want to make money in bull, bear and black swan markets.

This is for brand new to pro traders. It is for traders that trade global markets and for those that trade only their home country markets. It is for retirement, speculative accounts, Registered Investment Advisors, fund managers and college students. This is a true location independent, trade on a desert island trading profit-making opportunity.

Q: Who is this not for?
A: For starters:

• Those expecting billions instantly.
• Day traders.
• People who think they can predict tomorrow.
• Anyone who says this: “Identifying and exploiting anomalies in price action fast is the key to profitable trading.”
• If you are not attached to reality we will be a very bad match.

Q: Please define trend following.
A: Trend following does not pick bottoms or tops. You always get into a trend late, and get out late. You cannot predict a trend. The foundation of one of the most profitable insights in the history of market speculation: capture the middle meat of a trend and you can make a fortune.

Q: Is this fancy software and complicated trading strategies that seemingly only rocket scientists can trade?
A: No. The real risk in today’s age is over-doing a trading system. There is so much computing power available and so much data available, but the reality is that trend following rules can be explained on the back of a napkin. You will learn to use rules that anyone can apply for potential profit. Can software help automate trend following strategies? Sure, but don’t let automation fool you. Consider wisdom from Daniel Dennett:

“Here is something we know with well-nigh perfect certainty: nothing physically inexplicable plays a role in any computer program, no heretofore unimagined force fields, no mysterious quantum shenanigans. There is certainly no wonder tissue in any computer. We know exactly how the basic tasks are accomplished in computers, and how they can be composed into more and more complex tasks, and we can explain these constructed competences with no residual mystery. So although the virtuosity of today’s computers continues to amaze us, the computers themselves, as machines, are as mundane as can-openers. Lots of prestidigitation, but no real magic…All the improvements in computers since Turing invented his imaginary paper-tape machine are simply ways of making them faster.

One of the most accomplished trend following traders of the last 30 years, a man that has made billions, still tracks and automates his world with EXCEL. Nothing fancy. No mental masturbation.

Q: Does your product come with recommendations?
A: You will know all trades to take for all markets at all times. You won’t need ongoing ‘recommendations’ as you will have all from the start. My trend following systems give you the rules for your ongoing trade signals (what some might call recommendations).

Q: Is trend following trading black box system trading?
A: This is not black box trading. All rules and philosophies taught are fully disclosed.

Q: When does trend following work?
A: When markets trend–is the short answer. The investment objective of my trading programs is to extract profits from up, down and black swan markets (rare or surprise events), resulting in an above average return stream. All programs can be applied to long only and long/short portfolios and all rules are best applied in a 100% systematic manner. Think of it like a machine:

Q: What type of markets can be traded?
A: Systems provided are for stocks, bonds, commodities, currencies (FX), energies, agriculturals, metals and softs. Even BTC. Can you trade equities only, for example? Yes.

Q: What market instruments can be traded?
A: Systems provided are for equity ETFs (equities), LEAPs options and or futures.

Q: How detailed is your product?
A: You will receive:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Q: What is the difference between your books and systems & training?
A: The books are great resources filled with thousands of details, and they have helped many traders make money, but my systems and training with support are different. Questions come up. People need help. Personal instruction gives insights. Additionally, many proprietary trading systems are included (not in the books).

Q: Is trend trading only for the USA?
A: My clients are in 70+ countries trading on exchanges from Europe to Asia to the Middle East to South America to North America.

Q: Are your systems and training for the individual investor?
A: Many of my clients are simply individuals trading their own account. Many are with no experience. Some have experience, but the wrong kind. Whether 21 and in college, age 30 working a job, or age 75 in retirement, you can learn trend following trading.

Q: Are your systems and training for market professionals?
A: My systems and training are also used by experienced traders worldwide. Hedge fund managers to CTAs to CFAs to CMTs brokers to financial advisers on every continent.

Q: Can systems be applied to shorter time frames like hourly or 4-hour charts? Does Day Trading Work in Conjunction with Trend Following?
A: No. Day trading is fool’s gold. My systems and training will be worth millions to you over a lifetime if you simply understand that day trading is a mirage.

Q: This is for retirement accounts?
A: You can trade equities, futures and ETFs in retirement accounts (401ks, IRAs, Keoghs, Seps, etc.).

Q: Trend following works on stocks?
A: Yes. 100%. Trend following is not instrument specific. Trend followers can and do trade all types of instruments. Some trade futures. Some trade ETFs. Some trade LEAPS® options. Some trade commodities. For example, today trend following traders can trade ETFs and get exposure to stock and commodities markets without having to trade futures. You will learn the best option for your situation.

Q: Is trend following risky?
A: Life is risky. You might get hit by a car crossing the street. However, if you have a concrete plan, risk can be managed.

Q: Do university classes assist in trend following education?
A: Most finance departments either are unaware of trend following or ignore it. Many of the greatest traders had little to no experience trend trading before starting. Trend following legend John W. Henry (owner of Boston Red Sox), for example, did not have a college degree.

Q: Do trend followers watch screens during market hours?
A: Some trend followers only trade once a week using weekly bars. There is no need to watch the screen during market hours.

Q: How much time is required to trade as a trend following trader?
A: You can spend a minute or two per market each day. For example, you check prices in the evening, then with one trade in the morning, you place or change any orders in accordance with rules. Flagship trend following trading systems use daily data to determine buy and sell signals. 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:

“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.

Q: Can your trend following strategies be automated?
A: Yes.

Q: Are markets different now?
A: Markets are always the same because they always change. Trend following trading adapts to constant change. That’s the way to look at it. If someone says markets have changed, reach your wallet. You are about to be picked. Alan Watts the philosopher makes the case for how trend following responds to constant change:

“If, when swimming, you are caught in a strong current, it is fatal to resist. You must swim with it and gradually edge to the side. One who falls from a height with stiff limbs will break them, but if he relaxes like a cat he will fall safely. A building without give in its structure will easily collapse in storm or earthquake.”

Q: Is 24-hour news needed?
A: You don’t need real-time data or news. In fact, you don’t need news at all to be a trend following trader.

Q: Is leverage used in trend following?
A: All great traders use leverage. It is a tool to be used correctly. However, trend following is not about using reckless leverage (like Wall Street banks).

Q: Once training is completed is a broker or financial adviser needed?
A: No.

Q: What do you think of Gann and Elliott Wave?
A: Nice version: waste of time. True version: con.

Q: What additional expenses are needed?
A: You need money to trade and daily price data (about $20-50/month). My clients also receive a special 10% discount with CSI Data (a world data leader).

Q: Are chart techniques used to pick entry levels, exit levels and where to place stop levels? Do you teach a one-size-fits-all method of level picking or do you tailor it to the individual?
A: No chart techniques are used, but you will know exactly your entry, exit and where to place stops. The rules taught can be tailored, absolutely.

Q: Speak to non-USA markets, i.e. China, Malaysia, Singapore, Brazil, Indonesia, etc.
A: Trend following is for all markets, all countries.

Q: Do your rules help to profit during crashes and tail events?
A: Yes. Making money from black swans, surprises, tail events and crashes is core to trend following success. Think about the “edges”:

Q: Are too many people trading as trend following traders?
A: Broadly speaking the amount of money trading globally applied to trend following methods is tiny by comparison to the mountain of money stuck in buy and hold mutual funds. The opportunity for trend following success is massive.

Q: What are your main criteria to identify a trend?
A: In trend following you don’t do that. In trend following you take entry signals, and have exit signals. After an entry and then exit you can historically identify a trend. Anyone saying they can spot or predict trends in real time is incorrect.

Q: Assuming that I decide to quit my day job working for the man and become a trader, how do I get access to the markets? How do I do research? Do I need to have access to real-time and historical data?
A: You will need a broker and you will need market data (not real time). I help understand on both issues with recommendations. The research? I provide that too.

Q: Michael would probably crush me for asking this, but I’ll ask it anyway: Is trend following a full time job? It is a big commitment and I’d like to know if it can be done part time?
A: You can be part-time. 100%. You will not be day trading. You can trade using daily or weekly closing prices. No other strategy allows this.

Q: What makes your product different than others?
A: We don’t compare to unnamed others. My one of a kind product is not a commodity. You can only receive it here.

Disclaimers

Trend Following™ can not promise you will earn the returns of traders, charts or examples (real or hypothetical) stated. All past performance is not necessarily an indication of future results. Data presented is for educational purposes. Our products are also provided for informational purposes only and should not be construed as personalized investment advice. All data on this site is direct from the CFTC, SEC, Yahoo Finance, Google and disclosure documents by managers mentioned herein. Trend Following™ assumes all data to be accurate, but assumes no responsibility for errors, omissions or clerical errors made by sources.

Our testimonials are the words of real clients received in real correspondence that have not been paid for their testimonials. Testimonials are sometimes printed under aliases to protect privacy, and edited for length. Claims have not been independently verified or audited for accuracy. We do not know how much money was risked, what portion of their total portfolio was allocated, or their exact positions. We do not claim that the results experienced by such clients are typical and you will likely have different results.

Trend Following™ is not registered as a securities broker-dealer or an investment adviser. This information is not designed to be used as an invitation for investment with any adviser profiled. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

Further, Trend Following™ cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.

Additionally, Trend Following™ in no way warrants the solvency, financial condition, or investment advisability of any security or instrument. In addition, Trend Following™ accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as a basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.