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Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets |  | Author: Michael W. Covel
Publisher: FT Press
Category: Book
List Price: $21.99
Buy New: $13.93
as of 9/9/2010 03:41 IST details
You Save: $8.06 (37%)
New (34) Used (15) from $13.49
Seller: booksXpress
Rating:  129 reviews
Sales Rank: 38916
Media: Paperback
Edition: 1 Original
Pages: 464
Number Of Items: 1
Shipping Weight (lbs): 1.9
Dimensions (in): 9.2 x 6.9 x 1.2
ISBN: 013702018X
Dewey Decimal Number: 332.6
EAN: 9780137020188
ASIN: 013702018X
Publication Date: February 25, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780137020188 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
Discover the investment strategy that works in any market – and helped some traders make a fortune in the crashing markets of Fall 2008! -
The only Trend Following book to include powerful new results from Fall 2008: 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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| Customer Reviews:
Showing reviews 1-5 of 129
 Trend Following August 20, 2010
the learner
Fairly good book. The author Michael Covel, spends too much time selling trend following as a viable investment style. This comes at the expense of getting into details of how to implement a trend following strategy and how to implement a risk management plan around that strategy. Implementations is the punch line I kept looking for as I read the book. That said, I got a lot out of the book, but this required putting together the little nuggets of wisdom scattered around the book.
 Book discusses "Why" not "How to" August 5, 2010
Mark Jessing
1 out of 1 found this review helpful
Excellent book about the great traders of Wall Street and how they think. Covel has many priceless quotes from "the masters" that give you insite in the thinking behind their decisions. He describes the different systems that they use and discusses why they choose to use those trading systems, rather than employ the traditional "Fundamental Analysis" of profits, blue book, earnings and so forth.
Covel's initial discussion is to convince you that the traditional Fundamental methods and "Dollar Cost Averaging" is a complete waste of time and do not work as advertised. He also believes that the in and out day trading is not nearly as successful as the trader who trades the trend. Trend traders never buy the bottom or sell the top, but they make excellent profits by trading the middle part of the trends that last a few weeks to a few months. He also compares the draw-downs experienced by various trader's methods in a side by side comparison.
Don't read this book to learn HOW. Read it to understand WHY.
 You Won't Learn Much From This Book July 19, 2010
Dindy Robinson (Arlington, TX United States)
1 out of 2 found this review helpful
Disclaimer: A free copy of this book was received from Amazon Vine in exchange for an honest review.
I actually have made several attempts to read Trend Following by Michael W. Covel and moved it back to my stack several times. I kept returning it to my stack in the hopes that someday I would read it all the way through and then take what I learned to go and make millions on the stock market. Well it took me more than a year but I finally made it all the way through. Sadly for anyone who buys this book hoping to learn how to make a small fortune by following market trends, this book will NOT help you do so.
Covel spends most of the book trying to convince the reader of the worth of trend following-- telling the story of successful trend followers, detailing the performance of trend followers in various market crises, quotes and lessons from trend followers, etc etc etc. There is very little meat to the book and very little information about how to actually follow trends. In fact, forget reading the book, and skip directly to appendices E,F and G which are the only parts of the book that contain any actual how to information.
About the only positive thing I can say about the book is that it has whet my appetite to learn more about trend following, but to anyone considering investing in this book, my advice is to put your money under your mattress instead.
The Best Method June 25, 2010
Kirk Bryan (Corpus Christi, TX)
1 out of 1 found this review helpful
It's probably not for everyone, but Covel makes an in-depth case for the superiority of technical analysis and trend following as the methods of choice for superior returns. Not quite the step-by-step guide I'd hoped for, but there is good, useful information for the beginner and professional alike.
A stock market newcomers must read. June 25, 2010
Ryan
I have been on my stock market journey for some time and I only wish I had of found this book earlier.
This book is a MUST read for anyone about to start their journey in the markets or anyone who may be walking around and bumping into walls. Whether those walls be listening to hot tips from friends or brokers or your own personality
Trend following is just one of the many strategies that are out available for making money in the markets. For me personally this book opened my eyes to see the value in having a systematic approach to trading. Without a systematic approach to your entries, exits, stops, money management etc. you will get eaten alive.
This book may not give you an exact road map to building your own Trend Following strategy, but if it opens your eyes to the concept and sets you on your own journey of discovery into this style of trading then it has done its job.
Once again, highly recommended, especially to the people who haven't quite 'cracked' it just yet.
Showing reviews 1-5 of 129
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