Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets [Paperback]

Michael W. Covel (Author)

Book Description

Publication Date: February 25, 2009 | ISBN-10: 013702018X | ISBN-13: 978-0137020188 | Edition: 1

Discover the investment strategy that works in any market. The one strategy that works in up and down markets, good times and bad.

 

• ‘Trend Following’ has become the classic trading book — accepted by the great pro traders as their standard..  Learn how Trend Followers delivered fantastic returns while everyone else was losing their shirts.

• Simple charts and instructions help you use Trend Following no matter where the market goes next.

• Includes new profiles of top Trend Followers who’ve kept right on profiting through the toughest markets.

   

Editorial Reviews

Review

“Michael Covel’s Trend Following: Essential.”

--Ed Seykota, trend follower for 35 years and original Market Wizard

 

"For my staff, Michael Covel's Trend Following is required reading."

Larry Hite CEO, ISAM,

Originally profiled in The Market Wizards by Jack Schwager

 

"My favorite of the new TA [technical analysis] books is 'Trend Following' by Michael Covel. Straightforward, easy to read, this book is rich in details about why trend following is such a successful strategy amongst some of the world's best-performing hedge funds."

Barry Ritholtz, The Big Picture

 

“A mandatory reference for anyone serious about alternative investments.”

--Jon Sundt, president and CEO, Altergris

 

From the Back Cover

Today, you need trend following more than ever. Read this bestselling book, and put it to work for you! 

• Real proof, real data, real results
  Includes over a decade of detailed performance charts
• All the Information You Need...in One Number
  Why the market price still tells you all you need to know to trade--and always will--in both bull and bear markets
• Pinpointing Targets of Opportunity
  What to trade, when to trade, and how much to trade
• Meet Today's Leading Trend Followers
  Extraordinary trader profiles, from David Harding to John W. Henry to Ed Seykota 

See all Editorial Reviews

Product Details

• Paperback: 464 pages
• Publisher: FT Press; 1 edition (February 25, 2009)
• Language: English
• ISBN-10: 013702018X
• ISBN-13: 978-0137020188
• Product Dimensions: 7 x 1.2 x 9.2 inches
• Shipping Weight: 1.9 pounds (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (229 customer reviews)
• Amazon Best Sellers Rank: #38,115 in Books (See Top 100 in Books)
  • #5 in Books > Business & Investing > Investing > Futures
  • #17 in Books > Business & Investing > Investing > Commodities
  • #69 in Books > Business & Investing > Investing > Stocks

More About the Author

Michael Covel passionately teaches the lessons of the great traders who have made their fortunes over the last four decades. Forget Buy and Hold and CNBC; those are not Michael's game. His subject of choice is an obscure trading style called 'trend following trading' that has produced untold millionaires and a few billionaires. It is a style of trading ignored by the mainstream press, all universities and much of Wall Street. Michael is now considered the point person on trend following trading.

In 1996 Michael co-launched a website titled TurtleTrader.com®. It has attracted millions of visitors and thousands of clients all looking for insights into trend following trading. The journey to uncover the secretive world of the most successful money makers around, cracking their 'code' so to speak, honed Michael's investigative skills and built TurtleTrader.com®.

Following on the success of TurtleTrader®, Michael's first book Trend Following: How Great Traders Make Millions in Up or Down Markets (FT Press, Apr. 04, Nov. 05, Feb. 07 and Feb. 09) hit the streets. It profiled great trend following traders and explained trend following in print for the first time. It quickly became a bestseller and has sold over 100,000 copies. It is available in German, Japanese, Chinese (Complex and Simplified), Korean, French, Arabic, Turkish and Russian. The book struck a chord with individual and professional investors alike.

Michael's second book The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, Oct. 07 and Feb. 09) is different. It is the definitive behind the scenes look at a real life trading legend. It is a narrative account of super-trader Richard Dennis and his student traders nicknamed the 'Turtles'. You think trading success only happens for people born with a silver spoon? This book will prove you wrong! It is the true story of nurture trumping nature and has become an inspirational lynch-pin for tens of thousands.

Following his two books Michael directed his debut documentary film Broke. It premiered on 'The Documentary Channel' in October 2009. It explores human behavior (read: behavioral finance) during the 2007-2009 market crash. It is Michael's 75,000 mile odyssey through a Tokyo fish market, a Virginia sheep farm, a lottery store and Las Vegas and Macau poker tables all to learn how and why we make so many wrong financial decisions.

Michael and his team shot the film in 13 major cities and packed it with big time names in the trading world (Larry Hite, Jim Rogers, David Harding, Mark Mobius, and Bill Miller to name a few). Michael also conducted face-to-face interviews with legendary Nobel Prize winners Dr. Harry Markowitz and Dr. Vernon Smith. Michael's film is a non-partisan, timeless and common sense message that everyone can embrace.

www.michaelcovel.com/about

Most Helpful Customer Reviews

48 of 49 people found the following review helpful

4.0 out of 5 stars Something new January 12, 2011

By adam kress

Format:Kindle Edition

I Thought I had seen and read just about everything to do with trading. From histories of great traders, complicated option formulas, economic theory, the meanings of government statistics and more. Hearing about Covel and reading some of his shorter posts I kept wondering how something as simple sounding as trend following could be a whole book. After finally reading it hardly a day goes by that I'm not thankful for letting "Trend Following" showing me how simple it can be.

51 of 53 people found the following review helpful

5.0 out of 5 stars excelent overview of the trendfollowing trading strategy June 21, 2010

By Eric Cunningham

Format:Paperback

Mchael did a very good job in putting this piece together. This is NOT a "how to" book so if that's what you are looking for you will be disappointed. However, it is full of philisophical quotes and commentary from some of the best trend following traders. It's a must read for anyone seriously looking at trading as a business venture. The subject matter is well-researched and is a good 'opening introduction book' for the novice trader. Great work Mike!

90 of 98 people found the following review helpful

4.0 out of 5 stars A Philsophy Book, Not a Technical Manual July 29, 2009

By John Forman

Format:Paperback

Trend Following is the sort of book that can either be very rewarding or very frustrating. If you pick it up thinking it's going to provide some secret methods and techniques for trading you are going to end up being one of the folks who ends up panning it because they didn't get what they expected. This is not a technical manual full of strategies. If you understand that going in you'll get a lot more out of it.

This book, to my mind is like a trading version of a text exploring a specific philosophy such as Taoism with something of a comparisson to Buddhism, for example. Trend Following describes the philosophy and highlights some of its promonent proponents. And just like most books on philosophy, it sets you up for further exploration rather than presenting you with a "how to" instruction.

I think if you have the philosophy mindset going in it will go a long way toward helping you find value in the book.