Trend Following (Updated Edition)
Learn to Make Millions in Up or Down Markets
Published on 26. March 2009
Book
Paperback/Softback
464 pages
978-0-13-702018-8 (ISBN)
Description
Michael Covel is the author of five books: including the international bestseller, Trend Following and his investigative narrative, The Complete TurtleTrader. Fascinated by traders that quietly generate spectacular returns, those going against the grain of investment orthodoxy, he has uncovered astonishing insights about how they think, strategize and execute their systems.
His cutting-edge and unorthodox perspectives have garnered international acclaim and have earned him invitations with: China Asset Management Co., Ltd., GIC Private Limited (Singapore sovereign wealth fund), BM&F Bovespa, Managed Funds Association, Bank of China Investment Management, Market Technicians Association. He also has the distinction of interviewing four Nobel Prize winners in economics, including Daniel Kahneman and Harry Markowitz and has been featured by major press, including: The Wall Street Journal, Bloomberg, CCTV, The Straits Times and Fox Business.
Covel's Trend Following Podcast now has over 2.5M listens (trendfollowing.com/podcast) and has ranked as high as #2 on iTunes. He splits his time across USA and Asia and sees location independence as our future.
His cutting-edge and unorthodox perspectives have garnered international acclaim and have earned him invitations with: China Asset Management Co., Ltd., GIC Private Limited (Singapore sovereign wealth fund), BM&F Bovespa, Managed Funds Association, Bank of China Investment Management, Market Technicians Association. He also has the distinction of interviewing four Nobel Prize winners in economics, including Daniel Kahneman and Harry Markowitz and has been featured by major press, including: The Wall Street Journal, Bloomberg, CCTV, The Straits Times and Fox Business.
Covel's Trend Following Podcast now has over 2.5M listens (trendfollowing.com/podcast) and has ranked as high as #2 on iTunes. He splits his time across USA and Asia and sees location independence as our future.
Reviews / Votes
"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
"I think that Michael's Trend Following is an outstanding read from which all
investors can learn to trade markets better by limiting their risks and maximizing
their profits through a more disciplined approach to investments."
Marc Faber
Managing Director, Marc Faber Limited
Editor, Gloom, Boom & Doom Report
"I think the book did a superb job of covering the philosophy and thinking behind
trend following (basically why it works). You might call it the Market Wizards of
Trend Following."
Van K. Tharp, Ph.D.
Author of Trade Your Way to Financial Freedom
"Michael Covel does an excellent job of educating his readers about the little-known
opportunities available to them through one of the proven best hedge fund
strategies. This book is like gold to any smart investor."
Christian Baha
Superfund
"Michael Covel's book is the definitive guide to trend trading. Backed by real world
results from some of the biggest and best money managers in the United States, his
book will put you on the path to successful trend trading."
Larry Connors
TradingMarkets.com
"Michael Covel's Trend Following is a breakthrough book that captures the essence
of what really makes markets tick. Diligently researched and comprehensive in
scope, it will replace Market Wizards as the must-read bible for a new generation of
traders."
Jonathan Hoenig
Fox News Contributor
"Trend Following: Definitely required reading for the aspiring trader."
David S. Druz
Tactical Investment Management
"I think that this book documents a great deal of what has made Trend Following
Managers a successful part of the money management landscape (how they manage
risk and investment psychology). It serves as a strong educational justification on
why investors should consider using Trend Following Managers as a part of an
overall portfolio strategy."
Tom Basso
Originally profiled in The New Market Wizards
More details
Other editions
Previous edition
Michael W. Covel
Trend Following
How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)
Book
03/2007
Financial TImes Prentice Hall
€13.61
Article exhausted; check for reprint
Person
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.
?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.
Content
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
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