Michael Covel has been teaching clients brand new to trading since 1996. He teaches clients with no experience how to trend follow step by step. Now is the time to change your financial future. Clearly, trusting that the stock market or real estate will go up forever as a means to retirement is dead on arrival. That doesn’t work. October 2008 equals that game is over. What can you do to make money in these turbulent and troubled times? The first step is to stop doing what everyone else is doing! Stop listening to Cramer. Stop listening to cutesy infomercials running late night that promise you easy riches in seconds. Stop listening to your broker at Merrill Lynch (forgot, they went bust). Stop listening to your buddies and their hot stock tips, tips your gut was probably telling you were wrong to begin with!
Just stop. Step back. Get some perspective.
There are people who make big money out there. They have made it for decades. Millions, if not billions. They are trend following traders. You can read about them in Michael Covel’s books “Trend Following” and “The Compete TurtleTrader”. Trend following traders make money in up and down markets. They make money in good times and bad. They trade stocks, options, futures, currencies, and commodities. This revolutionary systems trading approach is based on a firm belief that we can really only know one true piece of market data: the price. Trend following traders trade the “price”. They don’t study balance sheets, PE ratios or crop reports.
Think you can’t make more trading or perhaps even make a living trading? Think Again. Traders fail because they risk too much and often have no trading plan. Today it’s more crucial than ever to become “Market Wizard” knowledgeable about the real money-making techniques of the great traders. It is no longer rational to invest your personal net-worth in a mutual fund hoping for it to go up forever. However, most people are afraid to learn new ways of thinking, particularly when it comes to their money. But the bottom line is that you have no choice if you want to build a fortune (or a future for that matter). Trend following trading will help to keep your emotions in check and given the current economic climate that might be the single biggest lesson we can impart to you. At the end of the day being objective and unemotional is the big difference between the great traders who earn millions and losing traders who go broke.
Is formal education key? No, consider: A top CEO recently spoke before a class of Harvard MBAs. After his presentation one student asked: “What must we do now?” The CEO replied, “Take whatever money you have not spent on tuition and do something else.” His point was clear: formal education means less and less in today’s world. Trading is no different. The best traders are usually not the products of a formal education in business or finance. Bottom line: you don’t have to be a Ph.D. or MBA to trade. You only need to have the desire to work hard and learn. If you must have a Ph.D make it a “Poor, Hungry and Driven” degree instead. If you want honest, straightforward training, we can help. If you want short cuts and hype, do yourself a favor and move on. This is not for you. The great trend followers don’t ask for permission, they don’t make excuses, they just do it.
If that explanation doesn’t make sense to you try asking yourself how long it will take to make back all of the money you lost in the fall of 2008 by blindly buying and holding stocks? Exactly. A dead end. We can show a way out.
Bottom line, trend following is for everyone regardless of education, race, class, gender or social status. How can you afford to not know how the best traders made their fortune?
