Books : Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)
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- Listen to the author's podcasts before you dismiss him based on negative reviews.I discovered Michael Covel in a web search for "trading podcasts" and find his audio diatribes refreshing, inspiring, offering a real perspective on trading discipline.
A link to the podcast directory is at the turtletrader dot com web site, they are just a few minutes in length and worth your time.
At least listen to the one titled "Understand your emotions", it is worth your time and an important reminder to anyone running any amount of money.
Sometimes the author uses his audio forum to respond to negative reviews of his book, if you are listening for the first time, skip the rebuttal and sample another of his podcasts.
Rating:
- Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)Disappointing. Long on theory and very short on practical advice. Not of much use to an individual investor. I would not recommend this book to someone looking for a "how to" book.
Rating:
- The Title say it all.If your looking for information and possible techinques to add to your search for trends. Don't bother. This is a book about people who do. Interesting but not what I was looking for, I saw the bold Title and fell for it. It's also pretty dry stuff, I've read better bio's in Barrons.
Rating:
- Fantastic evidenceThis second edition not only has good bones but there is plenty of meat. If you are serious about increasing your wealth in a consistent manner over the long term in a rather mundane fashion, then buy, read and implement this book! After a six year hiatus, my passion for trading has been reignited. Excellent charts and data back up his claims.
Rating:
- Title is Misleading This book's sub-title say, "How Great Traders Make Money in Up or Down Markets."
The content of this book falls far from delivering its promise. The cover of this book promises that it will show you how to apply trend following techniques to your trading. "Covel walks you through the process, one step at a time, in plain English." He certainly does no such thing.
If you are looking for a trend-following system, you will not find it in this book; nor will you find any help or guidance in how to go about developing your own trend following system.
As someone who trades for a living, I found nothing between the covers of this book applicable to improving real-world trading results.
