Trend Following (Updated Edition): Learn to Make Millions in up or down Markets

Having listened to Mike Covel on podcasts for some time, I felt it was time to buy his first book, Trend Following. This is much, much better than I expected, longer, more detailed, well written. The 'meat and potatoes' guy, you should know entry and exit points. This gives facts, hard facts that your analysts and commentators never do. I would thoroughly recommend you read this book and get into the real world of the zero sum game

Being fairly new to the game, I was recommended this book. A good read, not too dry, and I am already starting to see why trend following is so powerful - it works, even in today's choppy trading environment! Highly recommended.

One of the best trading books I`ve read so far

Top book

This book contains biographies of successful trend-following traders, trading psychology and lots and lots of performance statistics. What it does not contain are any actual details of how to do it. There is no information at all on how to devise a successful trend-following strategy. Anyone who has actually tried this will know that there are many critical factors which have to be got right - portfolio selection, position sizing, risk and so on - and then the system has to be extensively tested before use. The author waves all this aside as mere details.The topic is only briefly touched upon in an appendix, which gives a very simplistic mechanical system based on channel breakouts. No explanation is given for the choice of parameters, but there are (of course!) detailed performance statistics. These show the results of trading the system for a single commodity over a 10-year period, during which it just happened to be trending strongly for most of the time.I like trading books to be sober and objective (unless they are full of good anecdotes, which this one isn't). I found the author's arrogance, dogmatism and incessant cheerleading highly irritating. Trend-following hedge fund managers are treated with fawning idolisation, while contempt and derision are hurled at anyone who dares follow a different approach. He seems genuinely unable to believe that it is possible to be a highly successful trader and not be a trend follower. This is perplexing, since there are several references to Schwager's "Market Wizards" books, which are full of counterexamples (and good anecdotes).The only way I can see anyone learning how to make money from this book is if they already have a successful, fully tested, trend-following system and need to be convinced it's safe to go ahead with it. What's that? You're convinced by the performance statistics but don't have a system? Don't worry, the author knows people who have one and will let you invest your money in theirs. For a suitable fee, of course.This book makes no attempt to be a trading manual. It is purely and simply a sales pitch on behalf of trend-following hedge funds. The title is completely misleading and I find it very surprising a reputable publisher like the FT Press was prepared to put it on the cover.

It a good background read, even if very frustrating because the author never really gets to meat and potatoes of how to actually trend trade. I would have liked to see a large range of examples of entries and exits using a trend following approach; like what Dr. Elder's book 'Entries and Exits' does. This book focuses on persuading the doubters and 'buy and hold' readers that trend following is a better approach. It is not for those of us who want to actually trade in that way. Disappointing that the author either does not have the detailed experience or has deliberately held back this information. There is a very short piece in one of the appendices, showing an example of a trend following strategy, but why only one and why so brief? Without those few pages near the end, the book would have been largely a waste of my time, except that it has raised my awareness of and curiosity about trend following.

A brilliant book that really acts as a wake up call to all of us who have been trying to make money in the markets. Makes so much sense, and I would recommend it to anyone looking to trade, or anyone trying to improve their trading.

Very good book. I agree with 99% of what he says...if only I had the discipline to follow it.

Must have for every trader, investors

If you want to know what is trend following and how it works : you can start with this book. You will have a good introduction, not more

The Bible of trading thank you so much Mike, Everything explained step by step what is the World of trading...

Great read on trend following style of trading.

Cheap and arrived really fast. Thanks!!!