Join over 10,000 people who receive Michael Covel's newsletter & podcast episodes.

as seen on:

Winners v. Losers

“It takes courage to be a pig.”
Stanley Druckenmiller

Why do some win in the market and some lose? Some thoughts on winning and losing:

Winning Trader’s Traits

  • Calm
  • Disciplined
  • Confident
  • Organized
  • Excellent recordkeeping
  • Business like approach
  • Professional demeanor

Losing Trader’s Traits

  • Emotional
  • Undisciplined
  • Anxious
  • Disorganized
  • No record keeping
  • Wants action & excitement
  • Amateur demeanor

More on Losers

A primary reason for trading failure is the ease one can begin trading. Just complete forms, send money to a broker and you are ready. Or are you? There is no check into your trading abilities, psychological strengths/weaknesses or money management skills.

Think about the education required for other professions. Look at the education an attorney, a doctor or even a craftsman must go through. Trading is no different you need to learn first. People risk thousands of dollars trading, but often don’t possess the experience, education and organizational ability to trade right. A trader’s goal must be to become efficient and profitable. This is only achieved through education, constant self-evaluation and examination of results.

Read the Zero-Sum Article that explains more on winners and losers.

Trend Following Products

Review trend following systems and training:

Michael Covel Trend Following Products

Michael Covel Trend Following Products

More info here.

Trend Following Books
Trading Systems

Pricing for trend following systems, risk management, trading psychology and black swan strategies. Absolute return systems and education for brand new traders and established pros. Thousands of clients across 70+ countries. Client feedback.

Podcast

The Trend Following™ podcast. Listen now on iTunes and Android. Top authors and traders plus alternative commentary. 3M+ listens across 188 countries & territories.

Small Town Guy Makes Millions

His trend following experience on video sent to your home. Get your free video delivered immediately.

TurtleTrader® Site Map

Small town guy makes trend following fortune. His free lesson delivered on video: GET VIDEO NOW.