Binding: Kindle Edition
Dewey Decimal Number: 332
Format: Kindle Book
Label: Prentice Hall
Manufacturer: Prentice Hall
Number Of Items: 1
Number Of Pages: 448
Publication Date: March 23, 2007
Publisher: Prentice Hall
Release Date: March 23, 2007
Sales Rank: 12516
Studio: Prentice Hall

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Editorial Review:

Product 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.

"




Rating: - Detrimental!
For 200 pages you read how much trend followers made, trend followers are so great, they are always winners.... It's almost like the book is promoting some money managers. Seriously the book is pretty bad, I almost feel embarrassed to write a review. According to the author you don't need to know anything about what you are really buying, as long as it trends up. So I wonder if Mr. Covel would buy a bag of dirt for $10 just because it was $7 last week. I don't want to get to the dynamics of trends ... Read More

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Rating: - Where's the Beef?
I agree with all the other reviewers who complain that this book is big on generalizations and has almost nothing to say on how to actually identify and follow a trend. I've rarely read a trading book with so little practical information or one that repeated generalizations so many times.

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Rating: - data mining and overly verbose
This book was filled with anecdotal reports of traders can have done better than buy and hold through trend following, but the results seemed to be a case of data mining to me. The benefits over buy and hold in the examples were small, but individual years' returns departed so much from the market that these trading methods would be psychologically very difficult to stick with. Finally, there was no comparison of trend following to a broadly diversified and regularly rebalanced portfolio, which should ... Read More

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Rating: - The book that changed me (as a trader)
I think the title says it all. This is a great book not because of any single sentence or in some great secret formula explained within. Instead it's a great book because after reading it, and absorbing it all, it changed me as a trader. I now ride the market long as it trends up, ride the market short while it trends down, and quietly sit on the sidelines if the market is not trending.

There are some sample programs as an appendix that have actual how-to info on developing mechanical trading ... Read More

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Rating: - 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 ... Read More

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