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

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


By (author) Michael W. Covel

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  • Format: Paperback | 464 pages
  • Dimensions: 175mm x 234mm x 30mm | 862g
  • Publication date: 1 March 2009
  • Publication City/Country: Upper Saddle River
  • ISBN 10: 013702018X
  • ISBN 13: 9780137020188
  • Edition: 1
  • Edition statement: Updated ed
  • Sales rank: 49,343

Product description

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.

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Author information

Michael Covel is a highly respected author, director, and entrepreneur who founded the internationally known website in 1996. Covel's first book was Trend Following: How Great Traders Make Millions in Up or Down Markets (FT Press). The book profiles great trend following traders who have won billions in the market and has been translated into 10 languages so far. Covel's second book The Complete TurtleTrader: The Legend, the Lessons, the Results is the definitive inside look at the legendary trader Richard Dennis and his student traders, 'The Turtles.' The book has received wide acclaim from the Turtles themselves. Translated into 6 languages so far. Covel also wrote, directed, and produced a theatrical release documentary titled Broke: The New American Dream, built around the subject of behavioral finance, specifically investigating the 2007-2009 market crisis and crash. Michael Covel can be reached directly at

Review quote

"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

Back cover copy

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 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"

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