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Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets
- By Michael W. Covel
- Published Feb 15, 2009 by FT Press.
- Copyright 2009
- Dimensions: 7 X 9-1/4
- Pages: 464
- Edition: 1st
- Book
- ISBN-10: 0-13-702018-X
- ISBN-13: 978-0-13-702018-8
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Product Author Bios
Michael Covel is a highly respected author, director, and entrepreneur who founded the internationally known website TurtleTrader.com in 1996. Covel’s first book was the best selling Trend Following: How Great Traders Make Millions in Up or Down Markets (FT Press April 2004 and November 2005 Expanded Edition). The book profiles great trend following traders who have won millions, if not billions, in the market. The original edition, expanded edition, and paperback edition have sold 100,000 plus copies. It is also available in German, Japanese, Chinese (complex and simplified), Korean, French, Arabic, Turkish, and Russian.
Covel’s second book The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, October 2007) is the definitive inside look at the legendary trader Richard Dennis and his student traders, ‘The Turtles.’ The book has received wide acclaim and is headed toward bestseller status. It is also available in German, Korean, and Chinese (complex and simplified).
Building off his book success, Covel wrote, directed, and produced a theatrical release documentary titled Broke: The New American Dream, built around the subject of behavioral finance, specifically investigating the 2007—2008 market crisis and crash. Face-to-face interviews with Nobel Prize winners Dr. Harry Markowitz and Dr. Vernon Smith, famed mutual fund investor Bill Miller of Legg Mason, David Harding of hedge fund Winton Capital, plus dozens of other Wall Street pros, along with average investors were conducted over 2007 and 2008. The film was shot in New York, DC, Miami, Dallas, San Diego, Baltimore, Las Vegas, Richmond, London, Tokyo, Singapore, Macau, and on a sheep farm outside of Harrisonburg, Virginia.
Not afraid of a crowd or controversy, Covel is known for engaging and provocative speeches presented to audiences from Tokyo to Paris to Macau (China) to Vienna (Austria) to Hong Kong to Dallas (US). His writings have appeared in Trader Monthly Magazine, Stocks, Futures and Options Magazine, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, TradingMarkets.com, Yahoo Finance, Market Technicians Association Newsletter, and Futures Japan Magazine. Covel has been quoted and interviewed by likes of Bloomberg Radio, Technical Analysis Magazine, Barrons, and dozens of radio
programs.
Covel can be reached directly at www.michaelcovel.com.
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.
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Simple charts and instructions help you use Trend Following no matter where the market goes next.
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Includes new profiles of top Trend Followers who’ve kept right on profiting through the toughest markets.
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48 of 49 people found the following review helpful
Something new,
This review is from: Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets, (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
excelent overview of the trendfollowing trading strategy, By
This review is from: Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets (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
A Philsophy Book, Not a Technical Manual, By
This review is from: Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets (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. |
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Trend Following: Learn to Make Millions in Up or Down Markets
Sample Pages
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Table of Contents
Foreword by Larry Hite xiii
Preface xvii
Part I
1 Trend Following 3
2 Great Trend Followers 27
Part II
3 Performance Data 97
4 Big Events, Crashes, and Panics 123
5 Baseball: Thinking Outside the Batter's Box 181
Part III
6 Human Behavior 193
7 Decision Making 211
8 Science of Trading 221
9 Holy Grails 231
Part IV
10 Trading Systems 247
11 The Game 277
Afterword 285
Foreword to the First Edition by Charles Faulkner 299
Appendices
Introduction to Appendices 305
A Trend Following for Stocks 307
B Performance Guide 347
C Short-Term Trading 375
D Personality Traits of Successful Traders 377
E Trend Following Models 381
F Trading System Example from Mechanica 385
G Critical Questions for Trading Systems 395
Resources 397
Endnotes 399
Bibliography 423
Index 431
Errata
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