| Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition | ||||||||
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Michael W. Covel Publisher: Financial Times Press
Our Price: £17.99 |
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Description How did John W. Henry quietly become rich enough to buy the Boston Red Sox? How have traders like Keith Campbell, Bill Dunn, Jerry Parker, and Salem Abraham consistently generated immense wealth in bull and bear markets? The key is trend following -- the only strategy proven to consistently make money. Michael Covel reveals the "underground" network of little-known traders and hedge fund managers who've been following trend for decades. He introduces its fundamental concepts and techniques, showing why market prices contain all the information investors need, and how to understand price movements well enough to profit from them. Using 100 pages of easy-to-understand charts from top trend followers, Covel proves the strategy works -- and shows why only a technical system based on following price trends can win over the long term. Covel presents more than a decade's worth of data: even more backtested trend following results. Covel thoroughly debunks misinformation and failed advice. This timely book capitalizes on today's intense volatility and uncertainty to give investors what they're desperately searching for: a strategy that really works. |
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Table Of Contents Foreword. Preface. Acknowledgments. 1. Trend Following. 2. Great Trend Followers. 3. Performance Data. 4. Big Events in Trend Following. 5. Baseball: Thinking Outside the Batter's Box. 6. Human Behavior. 7. Decision-Making. 8. Science of Trading. 9. Holy Grails. 10. Trading Systems. 11. Conclusion. APPENDICES. Introduction to Appendices. Appendix A: Fidelity Wealth-Lab Pro(tm). Appendix B: Performance Guide. Appendix C: Short-Term Trading. Appendix D: Personality Traits of Successful Traders. Appendix E: Trend Following Models. Appendix F: Trading System Example from Trading Recipes. Appendix G: Modern Portfolio Theory and Managed Futures. Appendix H: Critical Questions for Trading Systems. Resources. Endnotes. Bibliography. About the Author. Index. |
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Features Discover the investment strategy that works in all markets whether they are going up or down--now with the proof to back up the promises.
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Appropriate Courses For use in courses on Investing in Stock Markets, Professional Financial Planning, Financial Markets and Institutions, and undergraduate and graduate courses in Investments. |
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Reader Reviews A recent interview with Michael Covel on Bloomberg Radio (6.5 MB MP3 audio file) about trend following. "Please read [Trend Following] whether you think you have an interest in trend following or are not quite sure. I guarantee you will be happy that you took the time. It, of course, covers how trend following works, how it's done, and who can do it, and it doesn't beat around the bush with generalities. Again, get this book. Covel has hit a homerun with it."
"A mandatory reference for anyone serious about alternative investments."
"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."
"A most interesting book -- definitely a 'must have' on your shelf. Pull out the plastic and get it!...Trend Following is well constructed, well written and an excellent distillation of the research undertaken by the author. Backed up by trading 'legends' like Ed Seykota, it convincingly argues that the most successful trading systems are based on trend following...While you may read the book in bed, especially the first time, it is best read at a desk with a notepad handy. While seeming to come from the perspective of technical analysis it is still a very good book on trading psychology...The book is both a great read and an insightful textbook for all traders and investors."
"Michael Covel's Trend Following: Essential."
"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."
"Covel has created a very rare thing - a well-documented and thoroughly researched book on trend following that is also well-written and easy to read. It touches on a wide variety of the principles and practices which make for successful trend following. This is one book that traders at all levels will find of real value."
"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." |