Good to Great: Why Some Companies Make the Leap... and Others Don't

$16.50

Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)

$17.16

The Total Money Makeover: A Proven Plan for Financial Fitness

$16.49

Home

Zoom

Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)

SKU:

Availability: Usually ships in 1 business days

THE INVESTMENT STRATEGY THAT WORKS IN ALL MARKETS...WITH PROOF TO BACK UP THE PROMISES

Reveals the trading strategy that made John W. Henry rich enough to buy the Boston Red Sox.

Contains 50+ pages of easy-to-understand charts, actual results from top Trend Followers.

Shows how to apply trend following in your portfolio–one step at a time, in plain English.

“Trend Following will replace Market Wizards as the must-read bible for a new generation of traders.”

âJonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC/Fox News Contributor

“Michael Covel’s Trend Following: Essential.”

âEd Seykota, Trend Follower for 35 years and Original Market Wizard

“Investment books that have a lasting appeal offer insight that resonates with a large number of investors. We believe Michael Covel’s Trend Following will be such a book.”

âRichard E. Cripps, Legg Mason Chief Market Strategist

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

âJon Sundt, President and CEO of Altegris

“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.”

âChristian Baha, CEO, Superfund

“Please read [Trend Following] whether you think you have an interest in trend following or are not quite sureâ¦Covel has hit a home run with it.”

âGail Osten, Editor-in-Chief, Stocks, Futures & OptionsMagazine

“Covel has created a very rare thingâa well documented and thoroughly researched book on trend following that is also well written and easy to read. This is one book that traders at all levels will find of real value.”

âJohn Mauldin, author of Bull’s Eye Investing

For more than 30 years, one trading strategy has consistently delivered extraordinary profits in bull and bear markets alike: Trend Following. Just ask the billionaire traders who rely on it...traders like John W. Henry, whose trading profits bought the Boston Red Sox!

In Trend Following, New Expanded Edition, you’ll meet them...and discover exactly how to use trend following in your own portfolio. This expanded edition includes more than 50 pages of easy-to-understand performance charts. It is the book multi-billion-dollar hedge funds have

made mandatory reading for their staffs.

Michael Covel goes right to the source, presenting powerful insights straight from the world’s top trend followers, and debunking Wall Street myths and misinformation from well-known pros who ought to know better. You’ll learn how to manage risk, employ market discipline, and, when the moment is right, swing for the home run.

Real proof, real data, real results
Decades of actual performance charts from professional money managers

All the information you need...in one number
Why the market price tells you all you need to know to trade

Pinpointing targets of opportunity
What to trade, when to trade, and how much to trade

How it’s done: classic case studies
Who profited from the global scandals of the last 15 yearsâ¦and how they did it

Meet today’s leading trend followers
Extraordinary trader profiles, including top traders from the past 30 years

MICHAEL W. COVEL is the founder and President of Trend Followingâ¢. A researcher of the most successful trend following investment managers, he has been in the alternative

investments industry consulting on trend following to individual traders, hedge funds, and banks for ten years.

From his writing to public speaking, Covel pulls no punches. Passionately educating his clients in order to find that “edge” has made Covel a widely respected expert in the field. He writes for numerous industry publications and is continually quoted and interviewed by Barron’s, Bloomberg, and RobTV, to name but a few. An experienced and successful entrepreneur, he is a frequent guest on national TV and radio shows and regularly gives presentations at international hedge fund conferences from Hong Kong to Tokyo, advising listeners on proper trading, decision-making, risk management, and trend following. Covel is also Managing Editor at TurtleTrader.com, the leading trend following news and commentary resource since 1996.

Living and working in Virginia, he is a lifelong baseball fan.

List Price:	$17.99
Our Price:	$12.23 & eligible for FREE Super Saver Shipping on orders over $25.
You Save:	$5.76 (31%)

Note: Item may be sold and shipped by another company. Learn more.

Product Promotions

This title is eligible for Amazon Fall Textbook promotions. Get unlimited free Two-Day Shipping for three months with a free trial of Amazon Prime. Add $100 worth of eligible textbooks to your cart to qualify. Sign up at checkout. New members only. Here's how (restrictions apply)

Product Details

Author:	Michael W. Covel
Paperback:	448 pages
Publisher:	FT Press
Publication Date:	March 19, 2007
ISBN:	0136137180
Package Length:	8.98 inches
Package Width:	6.93 inches
Package Height:	1.18 inches
Package Weight:	1.72 pounds
Average Customer Rating:	based on 74 reviews

Customer Reviews

Average Customer Review: 4.0

Write an online review and share your thoughts with other customers.

13 of 16 found the following review helpful:

Great Read Jan 23, 2008
I bought both of this author's books on the recommendation of Amazon. The first book, the Complete TurtleTrader was the one that I read first. I wish I would have read them in reverse. Trend Following built up the story. After reading Trend Following I went back and read the Complete TurtleTrader again.

What made the book great? Well like most reading these types of books, I am a person who wants the most out of my money. I want my money to perform. The little girl in side of me still says that I can make serious money like the boys do. This book inspired me to make the most of what I can use.

Read it - but take my advice, read Trend Following first, Complete TurtleTrader second.

8 of 11 found the following review helpful:

Impressionable, but... Aug 25, 2007
If you are looking for clear cut set of rules/strategy that you, the individual investor, can follow to make money, then look elsewhere. The trend followers solely follow the movement of the price in exclusion to everything else. They identify a trend - uptrend or downtrend - and play upon it. As noted in the book, they react to and not predict the prices.

The methods, far and few, explained in the book are definitely not suitable for me - the retail investor. First of all, I don't have access to a trading system that can follow the rules outlined. Second, I am not a trader in the strict sense myself, where trades are triggered by a system without me realizing what is happening. To perfect such a system would take me ages given that investing isn't my main bread winner. This book will pass off as a great text book in the annals of the Ivy League schools, but when it comes to making money for you, the individual investor again, I think you are better off reading the likes of Jesse Livermore, Nicolas Darwas and William O' Neal. Read the Lessons from the Greatest Stock Traders of All Time' by John Boik or any of William O'Neals books. They define clear cut rules that we can all follow and make money. How else would I have made about 80K in the past three years compared to the first 8 years of my investing where I barely made any.

There are a lot of anecdotes in the book - literally, every page has 2-3 of these. All of these may impress, but in the end they are nice to feel scholarly about. If you are a beginning investor, the first chapter -Trend following, all of 22 pages - lays the foundation by explaining the different schools of thought regarding investing. Then there is 55 pages outlining the great trend followers are their performance but never in clear and precise terms or rules what their methods are. It almost feels sycophantic reading about other 'great' beings the way it is written. At last, after reading almost 210 pages, I got to see some system of trading. All these are pretty dry.

This is possibly the only one exception to the many great investing books in my library that I could have borrowed from the library. You will be better off reading 'How to make money in stocks..' by William O' Neal again and again and again.

17 of 19 found the following review helpful:

Not bad, but not very useful Jun 03, 2007
I own this book, I even recommend this book. But let me explain the 2 star rating....

While the book is a good history lesson, and shows how some of these guys make a lot of money, it's just not practical advice for the rest of us. I highly doubt that many of us have a billion dollar hedge fund to run.

Also, there are no real strategies in this book.

However, it did get me thinking in a different way. So for that, it is worth the money. (The main thing was to allow for larger swings against your position, allow the market a little more room than I did before.)

I know that this guy sells other products on his website, but to be honest, I don't see them being worth it. Most of this book is about defending trend traders, which is fine, but I wasn't attacking them in the first place.

I have begun to use the 4 hour chart more with his thinking, and I have to say it makes a little more sense. Not to get caught up in "micro-movements" as I call them. But to allow massive 300 pips swings against you on a weekly chart isn't practical for most of us.

So in conclusion, I think it's a good read, but if you get what I got out of it from my review, then it may or may not be worth the money.

13 of 16 found the following review helpful:

It describes trend followers but does not give any sysytems May 31, 2007
If you want to read about trend followers you can get this book. But if you want books with trend following systems do not waste your money.

10 of 14 found the following review helpful:

Listen to the author's podcasts before you dismiss him based on negative reviews. May 24, 2007
I discovered Michael Covel in a web search for "trading podcasts" and find his audio diatribes refreshing, inspiring, offering a real perspective on trading discipline.

A link to the podcast directory is at the turtletrader dot com web site, they are just a few minutes in length and worth your time.

At least listen to the one titled "Understand your emotions", it is worth your time and an important reminder to anyone running any amount of money.

Sometimes the author uses his audio forum to respond to negative reviews of his book, if you are listening for the first time, skip the rebuttal and sample another of his podcasts.