Michael Covel, author of Trend Following & The Complete Turtle Trader, released his movie Broke - The New American Dream in 2009. The main theme of the movie is trend following. Making money in both up and down markets. It touches the subject of the financial crisis and how people are screwed over by people looking for short term gains. Instead of following the herd, create your own path in life and investing. Don’t listen to the guy next door or the know-it-all guy on TV, they don’t know any more about the future than anyone else. Instead trust the numbers - the price never lies. It is the kind of movie that I would like all my friends to see. Kudos, Michael!

Michael Covel is author of the book Trend Following and The Complete Turtle Trader. I have read his book Trend Following and I’m also subscribing to his podcast where he talks about markets, psychology, trading strategy and about what makes a winner. There are always two sides, the winning side and the losing side. There always has to be a loser on the other side in a zero sum game.

In this podcast episode from July 21, 2008 he talks about how people tend to complain when the market is not going up. It’s an interesting perspective. Check it out:

http://www.turtletrader.com/mp3/complainers.mp3

Turtle Trader

This is a very interesting concept. In the beginning of 2007 I found a book that interested me and so I bought it. It’s called Trend Following by Michael Covel. On his website Turtle Trader he writes about trend following traders, hedge funds but also society, life and trading in general. It’s truly interesting. I also subscribe to his Podcast. He’s got a new book about “the turtles” that is just out. Go check it out!