Rating: - Trend Following-M. Covel
Fantastic read. Certainally got the ahah! factor.I had always wondered about trends and this book described them in plain language. Have already entered a trade on the FTSE based on the knowledge received from the read.

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Rating: - The king of Trend ....
This is the first big book I read on trading. At first glance I thought I would fall asleep trying to read this thing. To my surprise, I find it extremely interesting and read it in no time at all. Love the stories of the famous trend followers and there successes and Misses and why. Also the book is filled with insightful quotes.

Anybody interested in trend following as a strategy then this book is for you.

P.S. For Investools followers you will find this book a little contradictive to what has been taught. Please bear in mind that this is a different strategy than you were taught and therefore has different rules it follows.

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Rating: - A waste of money
The cover of this book promises that it will show you how to apply trend following to your porfolio. "Covel walks you through the process, one step at a time, in plain English." This is misleading. Aside from a back test on some basic systems, there is no concrete discussion on how to trade trends in the entire book. The portraits of the major trend followers are not uninteresting, but Jack Schwager's Market Wizard series is far superior. Covel also goes to great lengths to "prove" that trend followers were on the winning side of all the major crises and meltdowns of the last decade (e.g. LTCM), but the only proof he offers is that a number of trend followers had gains in the months where others were losing. Much of the book is packed with statistical data on performance that might be of interest to someone writing a thesis on the subject. If that's who you are, buy the book, but don't expect much nuts and bolts information on making money in the market.

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Rating: - Good material for traders
If you're a trader, wheter or not believe in technical analysis, take a look what trend followers have to say. This books proves with facts the outcome over the long term of several great trend follwers that have accomplished success in bull and bear markets. It's worth a reading and will keep you thinking about what you know, or what you think you know.

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Rating: - Every Financial Blogger's Library
Michael Covel in my estimation is a master marketer. The book is full of stories about successful traders having made millions because they were trend followers. Fantastic. Then what happened?

I agree with his philosophy about trading that with trend following your returns can be high if you cut your losses and let your winners ride; that's how baseball hitters (a reference he uses in the book) can make a living. You can have an overall winning percentage lower than 30% and still win big if you let your winners run. People buying this book for the clues to set up your own trend following system will be disappointed though.

This book is a story telling adventure of successful trend followers who have made it big testifying to the fact that they made it big. If you want evidence of actual systems and how they are put together, well, those secrets are not in there, which gets me to the point of my review. I think the people who rated this book a "3" or less were looking for those secrets, something the author makes clear that that is homework you'll have to do yourself.

It's a good book. If you want the secrets of "how to" do it yourself, you'll never find those ideas or mathematical formulas in a book. That can only come from your own experience, education, creativity, and self-discipline.