Crash: Dykstra Discusses Bankruptcy « Michael Covel: Trend Following Manifesto

Are great traders born or can they be taught?

Great traders are not born lucky or talented. The right education, information & dedicated practice equal success. We teach trading systems for stocks, futures, FX, ETFs & commodities designed with one goal: delivering the chance to make the big money for all traders in all countries.

Start here to profit in trend following...

Sign up for a FREE

Trend Following DVD

Introduction

Trading Courses

TurtleTrader Book

Trend Following Book

Our Friends

Crash: Dykstra Discusses Bankruptcy

Holy Grails | July 9th, 2009

Permalink

Trend Following Systems Available | All Michael Covel Books

10 Responses to “Crash: Dykstra Discusses Bankruptcy”

Alexander Says:
July 9th, 2009 at 8:33 pm
Meaning…The bottom line is… Dykstra is broke.
Michael Covel Says:
July 9th, 2009 at 9:35 pm
I watch that and all I can think: conman.
Ken Says:
July 9th, 2009 at 10:32 pm
I watch it and think he can’t even afford a bottle of shampoo anymore…and he’s been beaned in the head a few too many times.
Richard Says:
July 10th, 2009 at 7:24 am
“I am not the smartest guy ok” the bottom line is that’s right.
Dan K Says:
July 10th, 2009 at 12:31 pm
I agree with Michael on the conman. I think Dykstra was out of his league and didn’t realize that he was the one being scammed. It’s a pyramid of life.
Jim Says:
July 10th, 2009 at 4:10 pm
Wow, yet another “victim”. What a piece of work.

Jane Wells does a good job giving him rope to hang himself
William F. Says:
July 13th, 2009 at 6:03 pm
This guy is a real piece of work…………
Chuck Says:
July 13th, 2009 at 10:14 pm
He repeatedly mentions the 111-0 record of stockpicking. The alert interviewer asks how he can be bankrupt with a perfect stockpicking record and he never answers. Could it be that he’s never actually puting any money in his own “system”?
Michael Covel Says:
July 13th, 2009 at 10:19 pm
I dealt with a fairly interesting conman once. He had followers. He had reputation. And he had the exact same Dykstra “bad luck” — which of course is not bad luck, but just part of the con. I think back to another flim flam artist who I crossed paths with years back. He was an attorney. Hie entire business model was to get close with someone, start a business with them, for the sole reason of finding a weakness to exploit in a legal shakedown. He never had an intent of real business, just finding a ‘whale’ he could take advantage of. These people exist. They are dirtbags. Keeping eyes wide open is true advice.
David Says:
July 18th, 2009 at 10:43 am
WOW…. sometimes life really is stranger than fiction. He’s obviously been beaned far more than a couple of times.

Trend Following

Covel's Bestseller

'Broke' on DVD

Covel's Documentary

TurtleTrader

Inside Turtle Story

We passionately teach the lessons of the great traders who have made their trend following fortunes over the last four decades. More info on seminars and consulting.

Home Trading Courses

8 DVDs / 7 CDs

DVDs, CDs & text!
Personal support!

6 DVDs / 6 CDs

DVDs, CDs & text!
Personal support!

3 DVDs / 6 CDs

DVDs, CDs & text!
Personal support!

Market Wizard Interviews by Michael Covel

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.

"Over the last 15 years, through non-stop trading systems research and interviews with great traders, I have assembled the most unique trend following education available. My access to top traders has enabled me to teach trading rules found nowhere else and I pass those lessons along to students. My unique educational courses, which include proprietary trading systems, are designed to do one thing: give you the chance to make the big money."
Michael W. Covel, TurtleTrader® President, Trend Following & Turtle Trading Expert

As Seen On and Featured In:

Marylebone Holdings, LTD. (d.b.a TurtleTrader®, TurtleTrader.com® & Trend Following℠) provides analytical tools, research and trading systems. Company programs are for trend following trading training and educational purposes only. Testimonials included may not represent typical results. Neither unique experiences, past performances, historical tests, nor included or accessible strategies constitute recommendations or guarantee future results. Users are solely responsible for selection of stocks, currencies, options, commodities, futures contracts, strategies, and monitoring their brokerage accounts. The Company, its subsidiaries, employees, and agents do not solicit or execute trades or give investment advice, and are not registered as brokers or advisors with any federal or state agency. For more information about commodities and futures trading, please see the Commodities Futures Trading Commissions web site at www.cftc.gov. Trading in forex, stocks, futures and options is speculative in nature and not appropriate for all investors. Investors should only use risk capital that they are prepared to lose when trading forex, stocks, futures, and options because there is always the risk of substantial loss. Clients should fully examine their own personal financial situation before trading. The names and logos for TurtleTrader®, TurtleTrader.com® & Trend Following℠ are registered trademarks of Marylebone Holdings, Ltd. (d.b.a TurtleTrader®). All names and logos are ® trademarks of TurtleTrader®. All content copyright ©1996-2010 TurtleTrader®. All rights reserved.

Our books and film:

Are great traders born or can they be taught?

Michael Covel in the Press