For Current Report Subscribers 路 Cohort Closes July 10, 2026
Mastery Elite 2026
You Have the Monthly. Add the Mentor and the Blueprint.
Your subscriber upgrade. Available only this July.
You already read the Bull, Bear & Black Swan Report every month. This July you can add the foundation behind it: the full Mastery course and twelve months of coaching with Michael Covel, plus the Practitioner's Casebook that turns the thinking into your own written trading blueprint. Your Report continues, extended a full twelve months.
Own the Full System - $2,497Your Report continues, extended 12 months 路 One-year guarantee 路 Lifetime access
Three Components. You Read One.
The System Behind the Monthly
You have the monthly. The mentor and the blueprint complete it.
Mastery
The Mentorship
The full Mastery curriculum, twelve months of direct coaching with Michael Covel, four Wizard interviews with legendary traders, the Trading Coach video, the proprietary library, and lifetime access. This is the exact system behind everything you read in the monthly Report.
You absorb it.
The Practitioner's Casebook
The Curriculum
A new structured seven-part course. A workbook that builds, page by page, into your own complete trading blueprint. 11 systems surveyed. 25 worked position-sizing examples. A professional-track library of close readings from DUNN, Mulvaney, Winton, and Transtrend.
You execute it.
Bull, Bear & Black Swan Report
The Monthly
The monthly newsletter you already receive. It keeps the discipline current as markets evolve. It helps you stay aligned with proven trend following principles. When you upgrade, your subscription continues and is extended a full twelve months from your current expiry date.
You apply it.
Watch & Understand
What Trend Following Actually Is
Two short videos on the thinking behind the system.
Trend Following Explained
A plain-English introduction to how trend following works and why it has endured across decades and markets.
Your Exclusive Offer
A walkthrough of the Mastery Elite 2026 upgrade — what鈥檚 included, and how to claim it before the cohort closes.
You Have the Habit. You Need the System.
The Report keeps you close to the thinking every month. But reading the monthly is not the same as owning the system underneath it.
The Mentor Gap
You see the framework applied in every issue, but you have never been taught it end to end. The full Mastery curriculum and twelve months of coaching are what turn a reader of the ideas into an operator of the system, with a voice to trust when the rules are being tested.
The Blueprint Gap
The Report keeps you current, but it is not your written system. You still have no document of your own rules, your own risk framework, your own commitment on paper. The Casebook walks you from survey to a finished written blueprint you operate from, the one document that survives a drawdown because it was written in calm.
You already have the monthly. The mentor teaches you the system end to end. The Casebook turns it into a written blueprint you own. Add both this July, and your Report continues uninterrupted, extended a full year.
What You're Adding
Trend Following Mastery
The Mentorship
You absorb it.
- Classic Trend Following Systems I, II, and III: the core rules, worked and explained
- The proprietary Weekly Trend System: Covel's own approach
- Money Management module with a customizable risk-plan template
- ETFs and LEAPs modules: the system applied to your chosen instrument
- Case Studies module: historical application across 50+ years of market data
- Alternate Entries module: how to adapt without abandoning the system
- Four Wizard interviews with Kevin Bruce, David Harding, Larry Hite, and Abraham Salem. Not available anywhere else.
- Trading Coach video with Charles Faulkner on the cognitive architecture of traders who follow their rules
- The proprietary research library
- 12 months of one-on-one coaching with Michael Covel. Unlimited emails, 24 to 48 hour response time.
- Lifetime access
What You're Adding
The Practitioner's Casebook
The Curriculum
You execute it.
- Part 0: Core vocabulary, why trends exist, instrument overview, reading a backtest
- Part 1: 11 systems surveyed across breakout, moving-average, momentum, and pullback families. You choose one and write it down.
- Part 2: Position sizing, portfolio heat, correlation-aware construction, volatility targeting, drawdown de-risking. 25 worked numerical examples.
- Part 3: The six cognitive traps at specific decision points. Pre-commitment devices. Drawdown protocol. Daily and weekly routines.
- Part 4: Futures, leveraged ETFs, LEAPs options, or CFDs, with real sizing arithmetic in your chosen vehicle
- Part 5: Assemble, backtest, robustness check, paper trade
- Part 6: Broker setup, first 90 days, review routine, and a written stopping policy
- A fillable student workbook that builds into your complete trading blueprint
- Professional-track close readings of institutional documents from DUNN, Mulvaney, Winton, and Transtrend
Report Subscriber Upgrade
Own the Full System
You have the monthly. Add the rest.
| Full Trend Following Mastery | Standard Value: $3,997 | Included |
| The Practitioner's Casebook | Standard Value: $2,997 | Included |
| Bull, Bear & Black Swan Report | In your inbox, extended 12 months | Owned |
| Value Added | $6,994 |
Your Subscriber Upgrade
$2,497
One-time payment 路 Lifetime access to Mastery and the Casebook 路 Your Report extended 12 months
Cohort closes July 10, 2026. The Casebook is not available after this window.
Own the Full System - $2,497Your active Bull, Bear & Black Swan Report subscription is extended by twelve months from your current expiry date when you upgrade. No overlap is lost and your monthly issues never pause.
Guarantee
No risk. One year.
Add the course and the Casebook. Go through the training and apply the rules. If within one year you believe they did not fundamentally improve your approach to markets, email us for a full refund of your upgrade. No performance metrics required. No hoops to jump through.
The only way this does not work is if you do not apply it.
Frequently Asked Questions
Two things. The full Trend Following Mastery course and twelve months of one-on-one coaching with Michael, and the Practitioner's Casebook that builds into your own written trading blueprint. Your Report continues exactly as it is, extended a full twelve months from your current expiry date.
It continues without interruption and is extended by twelve months from your current expiry date when you upgrade. No overlap is lost, you are not paying twice for the same months, and your monthly issues never pause.
No. Mastery is the mentorship: Covel's selected systems, the Wizard videos, the case studies, the proprietary library, and your coaching. The Casebook is a structured written curriculum with worksheets that build into a complete trading blueprint you produce yourself, anchored in close readings of primary-source documents from major trend following firms. The first is what you absorb. The second is what you write down. They are built to work together.
You already receive the Report, so your upgrade covers the two pieces you are missing, the full Mastery course and the Casebook, with your Report continued and extended rather than sold to you again. A new client is buying all three together from scratch.
The Mastery Elite 2026 bundle closes July 10, 2026. The Casebook is not sold separately after this window. Next July we will release Mastery Elite 2027 with a refreshed Casebook and a new twelve months of the Report. The 2026 edition will not be re-released. Each year's cohort is its own.
Mastery and the Casebook are one-time purchases with lifetime access. Your Report subscription continues as it is, extended twelve months, with no new recurring charge created by this upgrade. The annual cohort structure refers to availability windows for new editions, not recurring billing.
Yes, and both the Casebook and the Report are explicit about it. Trend following has real losing years. The best, most disciplined firms have lived through stretches of real loss; this is a matter of public record. What the system offers is a disciplined way to be present for the trends that do come.
Own the System Behind the Monthly.
You already read the Report. The mentor teaches you the system end to end, and the Casebook turns it into a written blueprint you own. Add both this July, and your Report continues, extended a full year.
Own the Full System - $2,497Cohort closes July 10, 2026
