Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)
0136137180

Michael W. Covel

Publisher: Financial Times Press
Copyright: 2007
Format: Paper; 448 pp

ISBN-10: 0136137180
ISBN-13:9780136137184

Our Price: £10.99
Status: Instock
Published: 16 Mar 2007

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.
Table Of Contents

Foreword by Charles Faulkner   x

Foreword by Larry Hite   xiii

Preface   xvii

Acknowledgments   xxi

Part 1

1    Trend Following   3

2    Great Trend Followers   25

Part 2

3    Performance Data   87

4    Big Events in Trend Following   109

5    Baseball: Thinking Outside the Batter’s Box   151

Part 3

6    Human Behavior   163

7    Decision-Making   179

8    Science of Trading   189

9    Holy Grails   199

Part 4

10  Trading Systems   215

11  Conclusion / Afterword   241

Introduction to Appendices   259

A    Fidelity Wealth-Lab Pro   261

B    Performance Guide   299

C    Short-Term Trading   355

D    Personality Traits of Successful Traders   357

E    Trend Following Models   361

F    Trading System Example from Trading Recipes   365

G    Modern Portfolio Theory and Managed Futures   373

H    Critical Questions for Trading Systems   377

Resources   379

Endnotes   381

Bibliography   405

About the Author   413

Index   415
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.

 

  • Profiles 10 traders who have made huge fortunes with trend following including John W. Henry, whose profits bought the Boston Red Sox!
  •  
    Presents key concepts and shows how to apply trend following in your portfolio.

  • New! 100+ pages of detailed, easy-to-understand charts from the world's top Trend Followers: all you need to prove out this strategy, and use it even more profitably!
New To This Edition
New to this edition are 100+ pages of detailed, easy-to-understand charts from the world's top Trend Followers. 
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.