Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition,...

Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback) | Michael W. Covel | Trend Following - essential textbook for traders

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Trend Following: H...

	Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback) Michael W. Covel FT Press, 2007 - 448 pages average customer review:based on 77 reviews view larger image
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highly recommended

"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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Great Read

I bought both of this author's books on the recommendation of Amazon. The first book, the Complete TurtleTrader was the one that I read first. I wish I would have read them in reverse. Trend Following built up the story. After reading Trend Following I went back and read the Complete TurtleTrader again.

What made the book great? Well like most reading these types of books, I am a person who wants the most out of my money. I want my money to perform. The little girl in side of me still says that I can make serious money like the boys do. This book inspired me to make the most of what I can use.

Read it - but take my advice, read Trend Following first, Complete TurtleTrader second.

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Trend Following - essential textbook for traders

This book covers in detail the philosophy and merits of trend following to establish reliable systems for trading profitably in the markets. It is an excellent tool to gain an insight into the core of a good trading system, and probably meant more to me as the successful traders I know are using these techniques.

One of the essential reads for technical traders.

Repetitive Generalisms With Little 'How To'

This author repeats generalisms interspersed with many quotations (presumably to add authenticity) but rarely not get specific about 'how to's'.

For example in the section 'How Much of a Market do you Buy or Sell at Any Time', the author tells us numerous trite stories (e.g., money mgmt is like sex) but never lays out a specific money management strategy nor compares different approaches. Unfortunately, this pattern is repeated for about 246 pages.

Also, way too much time is spent describing and then defending Trend Following - I got the point after the first few pages and decided to jump ahead after torcherous repetition.

Good story book but not a practical guide to trading.

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