For Current Essentials Clients. Closes July 13, 2026.
Mastery Elite 2026
The Practitioner's Casebook.
Brand new.
No prediction. No forecasting. No screens all day.
You already have Essentials. This July you can upgrade to the full program: Mastery: Systems, Course & Coaching, the training that takes you from market selection through entries, exits, and the mindset to hold the line, with twelve months of direct coaching from Michael Covel, Mastery Elite 2026: The Practitioner's Casebook, a brand new seven-part curriculum with unique white papers, and worked examples of position sizing, market selection, and trade management, and twelve months of Bull, Bear & Black Swan Report to keep the Trend Following headspace in place long after the training ends. If you're already a subscriber, those twelve months are added on top of your current subscription.
Get Full Program for $1,497 Three Components. One Decision.
Your Next Step Is Here.
No half-measures. Mastery, Mastery Elite 2026 and Report, together.
Mastery
Systems, Course & Coaching
You'll learn market selection, position sizing, entry, exit and mindset to follow the rules when it's hard. It includes historical performance data, academic research, the behavioral side of trading, classic books on the subject, the Weekly Trend System, alternative entry strategies, and the Legend Library: exclusive interviews with real operators you can't find on YouTube. Twelve months of direct coaching with Michael Covel, and lifetime access.
You absorb it.
Mastery Elite 2026
The Practitioner's Casebook
Brand new for 2026, built on top of the original Mastery course to get you there even faster. A seven-part curriculum with unique white papers and lessons you won't find anywhere else, plus bonus modules with worked examples of position sizing, market selection, and trade management. It's designed to get you up and running successfully even faster than the main Mastery program itself. This is built so you don't have to spend decades figuring it out the hard way.
You execute it.
Bull, Bear & Black Swan Report
The Monthly
A monthly long-form letter, a trading philosophy, not a forecasting newsletter. Each issue applies Trend Following to the market in front of us and trains pressure-tested decision-making, emotional resilience, and real risk tolerance, so the discipline stays sharp instead of fading on a hard drive. Every issue includes editorial deep dive, real-market case study, book breakdown, interview highlight, and mindset boost, among other recurring features.
You apply it.
You Have the System. Now Build the Record.
Essentials gave you the fundamentals. But the fundamentals alone are not the same as owning the full program.
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.
Blueprint Gap
Without a written system, every decision gets made in the moment, under pressure. Mastery Elite 2026 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.
Drift Gap
Discipline fades when markets go quiet or turn against you. The Bull, Bear & Black Swan Report keeps the framework in front of you every month, so the system stays sharp instead of theoretical.
What You're Adding
Mastery
Systems, Course & Coaching
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
Mastery Elite 2026
The Practitioner's Casebook
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
What You're Getting
Bull, Bear & Black Swan Report
The Monthly
You apply it.
- 12 months of Bull, Bear & Black Swan Report, Michael Covel's monthly long-form letter
- Each issue: macro analysis, case studies of calls that were right and wrong, primary-source quotes from market wizards
- A book of the month, reader Q&A, and a 20-question discipline quiz
- A shareable one-page manifesto and a mindset feature in every issue
- Trend Following thinking applied to current market conditions, month after month
What Clients Say
Real Traders. Real Results.
Praise from the traders, fund managers, and legends who've used this system firsthand.
"Michael Covel's Trend Following: Essential."
Ed Seykota
Trend Following Legend, "Market Wizards"
"Some people think Trend Following is a system, but it's much more powerful than that, it's a trading philosophy. These techniques have been proven to work."
Paul Mulvaney
Mulvaney Capital
"You can do what I did and work for 30-plus years cobbling together scraps of information, or you can spend a few days reading Covel's book and skip that three-decade learning curve."
Larry Hite
Trend Following Legend, "Market Wizards"
"There have been few authors that have tackled the financial markets with a candor that was entertaining while not alienating themselves from the community they wrote about. I believe Michael Covel belongs squarely among the greats."
Tim Pickering
Founder and CIO, Auspice Capital Advisors
"It will replace Market Wizards as the must-read bible for a new generation of traders."
Jonathan Hoenig
Capitalist Hedge Fund LLC
"If you want to understand the real world of trading, read this book."
Bill Miller
Legg Mason Capital Management
"You might call it the Market Wizards of Trend Following."
Van K. Tharp
Author, Trade Your Way to Financial Freedom
"I decided to contact Mike after reading the book and decided to work with him one on one. This experience has put me in a new league and really helped me focus on my weak areas, risk management and portfolio selection."
Steve Beamer
Client
Essentials Client Upgrade
A Bundle for One Price.
$4,791 in assets for $1,497 today. The gap closes when the window closes.
| Mastery: Systems, Course & Coaching | Original Price: $997 | Upgrade |
| Mastery Elite 2026: The Practitioner's Casebook | Original Price: $2,997 | Included |
| Bull, Bear & Black Swan Report (12 months) | Original Price: $797 | Included |
| Total Original Price | $4,791 |
Your Exclusive Price
$1,497
A 70% discount for all Essentials clients.
Mastery Elite 2026 is not available after July 13, 2026.
Get Full Program for $1,497
Guarantee
The only way this does not work is if you do not apply it.
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.
See our full guarantee.
Frequently Asked Questions
Three things. The full Trend Following Mastery course with the proprietary research library and an additional twelve months of one-on-one coaching with Michael on top of the six months you already have from Essentials, Mastery Elite 2026: The Practitioner's Casebook that builds into your own written trading blueprint, and twelve months of Bull, Bear & Black Swan Report. If you are already a current Report subscriber, those twelve months are added on top of your current expiry date, at no additional cost.
The additional twelve months of one-on-one coaching is on top of the six months you already have from Essentials, eighteen months total. Email Michael directly with your questions on entries, exits, position sizing, or anything in the curriculum, and expect a response within 24 to 48 hours.
No. Mastery is the mentorship: Covel's selected systems, the Wizard videos, the case studies, the proprietary research library, and an additional twelve months of coaching with Michael on top of the six months you already have from Essentials. Mastery Elite 2026 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.
No. This July, Mastery Elite 2026 is available only inside the bundle. There is no Mastery Elite 2026-only option.
No. You can start the Mastery curriculum and Mastery Elite 2026 right away. Essentials and Mastery cover different depth, not different sequence, so there is no prerequisite content you need to complete first.
Calm Wins. Systems Survive.
You've watched the headlines move markets for years and it hasn't gotten you anywhere close to where you want to be. Trend Following has been quietly making operators rich for half a century while everyone else stared at screens waiting for certainty that never comes. Three components, one price, this July only.
Get Full Program for $1,497Closes July 13, 2026
