Trend Following: Learn to Make Millions in Up or Down Markets

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 systemsMichael 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 , BMF 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 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.
Trend Following Learn to Make Millions in Up or Down Markets 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

  • Title: Trend Following: Learn to Make Millions in Up or Down Markets
  • Author: Michael W. Covel
  • ISBN: 9780137020188
  • Page: 337
  • Format: Paperback
  • Stock Market Trend Following, Timing Trading Market By checking this box you certify that you have read and understand the terms of this website. If you had to do a trend following strategy, what would it The topic of this blog post was inspired by Wes, who said the following Valeriy, you have done formal academic research on trend following than anyone I know Next Trend Identify Innovate Grow The burgeoning natural products industry is poised to grow to billion or % by % CAGR , times the projected growth rate of mainstream consumer packaged goods. Chem Trend Mold Release Agents, Casting Lubricants October , Benefits of Chem Trend s composites mold release system available to manufacturer s third party vendors Chem Trend, a global leader in the development, production and marketing of high performance release systems, purging compounds and other ancillary moulding and casting products is advancing its Zyvax range of release agents that are developed to address the trend Dictionary Definition Vocabulary A trend is what s hip or popular at a certain point in time While a trend usually refers to a certain style in fashion or entertainment, there could be a trend toward warmer temperatures if people are following trends associated with global warming. Trend Trading The Most Common Indicators Investopedia Learn about the top indicators and tools trend traders use to establish when trends exist and find entry and exit points. TrendWatching Consumer trends and insights from around Inspire your audience with a keynote trend presentation, wherever you are in the world. Trend definition and meaning Collins English Dictionary Trend definition A trend is a change or development towards something new or different Meaning, pronunciation, translations and examples Sales trend analysis and Sales forecasting Excel Add in Tool PSM is a simple customer and sales trend analysis method to manage your most valuable business resources customers and markets Profile your customers and markets as suggested in Customer Profiling.Based on profiling, develop customer and market segments. Ways To Identify The Direction Of The Trend Tradeciety Trend identification as good as it gets This post is bookmarked in my Technical Analysis folder on the bookmark bar A post one can always go to even if you are a seasoned trader.

    1 thought on “Trend Following: Learn to Make Millions in Up or Down Markets”

    1. There were a few interesting tidbits contained in this book, but most of it I could have done without. For someone who complains that trend-following critics spend too much time cherry picking bad examples and not looking at the data, the author:* spent half the space in the book on "illustrative" quotes which always seem to be on his side* counters each cherry-picked (both by the original critic and then by him as a straw-man) criticism with multiple cherry-picked counter examples* uses perform [...]

    2. This is a book that does not provide any winning strategies or sales gimmicks (hence the rather low public rating). This is a book that provides the mindset and process to become a successful trader. I would definitely recommend this book to any trader or investor. It goes against the grain of "buy and hold" philosophies.This book does a great job at tying in what it takes to be a great trader; not only inside the stock market but outside. It could be considered quite misleading as you will not [...]

    3. You won't find any working investment methods / strategies / systems in this book.Instead, it is quite a lengthy treaty about the superiority of trend followers over all other investors (with small exception of Jim Simons from RenTec, for the author seems to have no idea what Simons is actually doing). One thing you should definitely remember from this book is: the trend followers never lose any money. They may have some deep and possibly terminal drawdowns thoughNevertheless, there are many pot [...]

    4. Cover certainly makes a great case for trend following. Like the Complete Turtle Trader, there are no specific trading systems in this book. But if you're paying attention, you pick up some great insights on how to approach the markets and where to begin in developing your own system.

    5. Excellent. Learn how professionals do it. One key take-away how to size your trades to fit your risk appetite with an instrument's volatility.

    6. A great deal of information for the hardcore traderThis book is packed with interviews and wisdom from some of the top traders of the last 30 years. Their wisdom and commitment to trend following system is documented and well narrated by Covel. Additionally, tons of research and statistical modeling of results are also included to show trend following as a very viable and robust trading system. Unfortunately there are very few of the systems described in this book. Had examples and narrative ste [...]

    7. I like the ideas behind the trend following trading. After reading this book and the author's other book I'm left wondering which stocks should I select to start following the trends? I emailed the author asking this question and at first, he implied that I didn't read the book. Then he said I could sign up for his program which costs thousands of dollars. I thought the point of this book and the turtle experiment was that anyone could be trained to do trend trading. Apparently, the author wants [...]

    8. Mr. Covel wrote some of this text; a large amount of the content is republished papers of other authors. Probably I do not fit the target demographic in that I'm not a trend following nor trading geek. I thought I'd learn about the topic from this book, but found it to be a more wandering path to delivering information than I was prepared for. Consequently, it felt tedious. I was simply curious about the topic and didn't have any prior knowledge -- for me, this was not an efficient starting poin [...]

    9. I should have read this book long ago.I began trading commodities eight years ago. It took me around five years to device a strategy to trade with trend following. I am a staunch follower of trend following. This book helped me in polishing up my existing trading plan.

    10. It's a little like Napolean Hill's Think and Grow Rich. Tons of quotes and interviews, very motivating, with little actionable advice. Covel thoroughly makes the case for trend-following as an investment strategy but doesn't outline how one would actually do it other than the overarching theory. Some of the best information came in the audiobook interviews with successful fund managers. Also, if you've read his book on the turtle traders there's a fair amount of overlap although I'd say it was s [...]

    11. waste of moneywhole book is about how trend trading is great and that buy and hold is for fools. also every page has 3 to 4 long quotes of other traders. there is no section in the entire book which will make you millions despite the title.

    12. Reviewed: I just finished this book today.There is a lot I want to say about this book.First of all, I only give it a 2 star. Although this is a national bestseller. I can only say Michael the author is a marking genius rather than a good trader or a good person know well about trading. Yes, he did collect a lot of examples and mottos about trading. But what is really mean to you? What is teach you about trading? Nothing.For example, old saying such as:"cut your losses and let your profit run", [...]

    13. It is in many ways fine book, butI find myself thinking that this book has a big disconnect between the declaration (mainly its front page) and the content. It promises to address "how" great traders make millions and it promises that you can "learn how to", but it never really gets to the lowdown of these promises. Rather this is eulogy for trend following, or even an apology for trend following as the book spends much time countering the supposed criticism of other forms of trading. Much of th [...]

    14. Makes a good case for trend following, but no actionable trading lessons. Misleading Length. Misleading Title.I am a millennial, an entrepreneur, a creative person. I am not a trader, but I'm interested in trading and have made some mistakes in the past trying to buy and sell stocks or mutual funds. This book seemed like it would explain a simple type of trading, one where you do not need to be a computer programmer or dedicate your life to day trading. I previously have read "The Complete Turtl [...]

    15. The book can be summarised by the following line: "The trend is your friend". Indeed the book can be a bit over the top and I feel unnecessarily (and almost sycophantically) praises trend following. Covel often repeats the point, there are successful trend followers, therefore it must work. However I do not doubt that there are those who have lost money trend following (indeed if we imagine for a moment everyone in the world is a trend follower - for a trend follower to gain another must lose).M [...]

    16. Trend Following was recommended to me during the GFC by a mentor in the financial sector. The book was well written, well researched and spot on about fundamental analysis and predictive methods. Michael provided evidence of how the strategy can work in the real world and what I believe to be a first, track records and performance data of successful traders. I have read all three reversions and will continue to buy for clients and staff as a must read book on making money in up and down markets. [...]

    17. This book is the worst kind of useless, in that it discusses the "superiority" of a particular trading philosophy (i.e trend following) without giving the reader any insights on actual trading strategies that implement the philosophy. Let me save you the trouble: "Buy stocks when they are going up and then sell them when they are going down, preferably before they go below the price you paid."

    18. Covel's book was a follow-up to "The Way of the Turtle", as it covers the turtle traders as well as other trend following systems and people. It's more of a good round up of who's done what and their convictions/principles in getting there. Some of it is conjecture, other people he has spoken with and interviewed.I think it's another good "foundation stone" for those interested in both the theory and execution of trend following systems.

    19. At least it was a quick readrhaps I wasn't a fan since my last read was 'Fooled by Randomness'. Perhaps I didn't like it because they spent 300 pages trying to convince me that trend following works by pointing to past performance, and didn't really spend any time talking about how to develop trading systems (that's sort of in the appendix, but still not that good). Didn't really learn anything groundbreaking or new

    20. Great book for Trend Followers. I read this at the same time with The Complete Turtle Trader, also by the same author. The books have some great quotes from successful Trend Followers and what makes them so successful in their approach.Long story short, Find your system, stick to it, be patient (and very patient for the right move), ride the trend. Easy said than done.

    21. Covel spends too much of the book arguing against Trend Following's critics and too little actually explaining Trend Following. Of course, there's plenty of wisdom to cutting losers and riding winners, and the results speak for themselves.

    22. The buy-and-hold strategy is full of assumptions and biases that bankers selling financial products will never tell you. The market is a collection of judgments about price, meaning human psychology is more important than the so-called fundamentals.

    23. Well written book and an interesting subject - It appears that most hedge funds do not subscribe to trend following techniques as most of them lost money in 2008 when most trend followers had great home runs. CTA/Trend following is a must in every professional investors portfolio.

    24. Light on substance. Reads like a gossip magazine for picking up on the imitable traits of rockstar traders. Other times resembles a hallmark card with trading truisms such as "buy low sell high", "fade the fed", "bet cautiously to live to fight another day"

    25. Buy & Hold is not a good strategy for Stocks I appreciated the book more after enrolling in a Technical Analysis class. Its a discipline where traders use price action to get in and out of the market.

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