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Trend Following: How Great Traders Make Millions in Up or Down Markets
Trend Following How Great Traders Make Millions in Up or Down Markets Author:Michael W. Covel "Michael Covel's Trend Following: Essential." --Ed Seykota, Trend Follower and Original Market Wizard "Trend Following by Michael Covel? I'm long this book." --Bob Spear, Developer of Trading Recipes Software "Michael Covel's Trend Following is a breakthrough book that captures the essence of what really makes markets tick. Diligently re... more »searched and comprehensive in scope, it will replace Market Wizards as the must-read bible for a new generation of traders." --Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC, Fox News Contributor "Michael Covel has written the definitive book on Trend Following. With careful research and clear insight he has captured the essence of the most successful of all trading strategies. Michael knows his subject matter and he writes about it with passion, conviction and enthusiasm. This enjoyable and well written book is destined to become a classic." --Charles LeBeau, author of Technical Traders Guide to Computer Analysis of the Futures Markets "Trend Following is an engrossing and educational journey through the principles, pitfalls, players and psychology of aggressive technical trading of the investment markets. Rich in its wisdom and historical study." --Gerald Appel, President of Signalert Corporation and Publisher of Systems and Forecasts Newsletter "Conventional wisdom says buy low and sell high, but what do you do now that your favorite market--be it a stock, bond, or commodity--is at an all-time high or low? For a completely different perspective, from people who actually make money at this business, take a look inside. Michael Covel has written a timely and entertaining account of Trend Following--how it works, how to do it, and who can do it. While it's not for everybody, it might be for you." --Charles Faulkner, NLP Modeler and Trading Coach, featured in numerous books including The New Market Wizards For 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. In this book, you'll meet them . . . and you'll discover how to use Trend Following in your own portfolio. Even if you're not a billionaire. Yet. Michael Covel rigorously analyzes historic performance data proving that Trend Following trading works. He goes right to the source for insight from some of the best trend followers ever. How to limit risk, employ discipline, and swing for the home run are all part of Trend Following. Covel also debunks commonly accepted Wall Street Holy Grails such as buy and hold and the use of fundamentals for trading decisions. The proof is in the results--Hard performance data over decades from professional money managers All the information you need . . . in one number--Why a stock's price tells you all you need to know to trade Pinpointing targets of opportunity--What to trade, when to trade it, and how much to trade How it's done: classic case studies--Who profited from the global scandals of the last 15 years . . . and how they did it Meet the Trend Followers--Extraordinary trader profiles, including Bill Dunn, John W. Henry, and Ed Seykota The First Book on Trend Following How did John W. Henry become rich enough to buy the Boston Red Sox? How do traders like Ed Seykota, Bill Dunn, Jerry Parker, and Keith Campbell consistently generate immense profits in both bull and bear markets? The answer is Trend Following: the only long-term trading strategy proven to consistently make money. Now, one of the field's leading experts pulls back the curtain on Trend Following, showing you exactly how and why from A to Z. Michael Covel demonstrates why market prices contain all the information you need to make buy and sell decisions. Trend Following works. The proof? The billionaires who live by it.« less