Trend Following: How Great Traders Make Millions in Up or Down Markets - Hardcover

Covel, Michael W.

Hardcover

ISBN 10: 0131345508 ISBN 13: 9780131345508

Publisher: Ft Pr, 2005

Synopsis

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.

About this title

About the Author

Michael W. Covel is the founder and President of Trend Following™. A researcher of the most successful Trend Following investment managers, he has been in the alternative investments industry consulting on Trend Following to individual traders, hedge funds and banks for ten years. His best selling book, Trend Following: How Great Traders Make Millions in Up or Down Markets (Prentice Hall, May, 2004) is a complete and concise guide to trend following. It includes interviews with great trend followers who have won millions if not billions in the market. The trading world has embraced the book with endorsements from Van K. Tharp, John Mauldin, Ed Seykota and many more. Trend Following is now in its sixth printing, and is currently available in a Japanese translation with Chinese, German, French, Korean and Russian translations soon to follow. Teaching and sharing unique insights about Trend Following trading and alternative investments has earned Mr. Covel respect as a rational and logical voice in uncertain times. Covel can explain how the best traders think because he's taken them to lunch in order to find out. Mr. Covel also writes for numerous industry publications including TradingMarkets.com, Your Trading Edge Magazine, Futures Japan Magazine and Stocks, Futures and Options Magazine. He is consistently quoted and interviewed by likes of Bloomberg Radio, Technical Analysis Magazine and Barrons.

Michael Covel

Mr. Covel is also Managing Editor at TurtleTrader.com®, the leading Trend Following news and commentary resource since 1996. Thousands of visitors from more than 70 countries as well as hundreds of trading professionals engaged in years of debate and interchange making the site the rich archive of trading information, data and opinion that it continues to be today. TurtleTrader, one of the largest & strongest trading community on the web with over 7.5 million unique visitors since its inception, also functions as a resource center for the Trend Following Educational Course.

Edition details

• Publisher: Ft Pr
• Publication date: 2005
• Language: English
• ISBN 10: 0131345508
• ISBN 13: 9780131345508
• Binding: Hardcover
• Number of pages: 420