Trend Following, 5th Edition cover art

Trend Following, 5th Edition

How to Make a Fortune in Bull, Bear and Black Swan Markets

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Trend Following, 5th Edition

By: Michael W. Covel
Narrated by: Joel Richards, Michael Covel
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About this listen

Want to take the financial journey to a new investing philosophy that might very well affect the rest of your moneymaking life? No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide awake. Trend Following reveals the truth about a trading strategy that makes money in up, down, and surprise markets. By applying straightforward and repeatable rules, anyone can learn to make money in the markets - whether bull, bear, or black swan - by following the trend to the end when it bends. In this timely reboot of his best-selling classic, Michael Covel dives head first into trend following strategy to examine the risks, benefits, people, and systems. You'll hear from traders who have made millions, and learn from their successes and mistakes - insights you'll only find here. You'll learn the trend philosophy and how it has performed in booms, bubbles, panics, and crashes. Using incontrovertible data and overwhelming supporting evidence, with a direct connection to the foundations of behavioral finance, Covel takes you inside the core principles of trend following and shows everyone, from brand new trader to professional, how alpha gets pulled from the market. His newest edition has been revised and extended, with seven brand new interviews and research proof from his one-of-a-kind network. This is trend following for today's generation. If you're looking to go beyond passive index funds and trusting the Fed, this cutting-edge classic holds the keys to a weatherproof portfolio.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2017 Michael W. Covel (P)2017 Michael W. Covel
Analysis & Strategy Commodities Investing & Trading Personal Finance Stocks Investing Technical Analysis Capitalism Banking Money Futures Trading

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All stars
Most relevant
I can only imagine the hardwork, doggedness, frustration, time and joy involved in making this work of art/science. Trend Following has changed my thought process in life, not just trading. Well done Michael Covel and thank you!

Trend Following

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I really rate Michael Covel's books, There's just so much content and depth.
Each chapter in this audiobook covers another angle of the Trend Following world and was a joy to listen to. Not only do we get to listen to the authors extensive knowledge but we're then treated to Titans of the Game and their thought processes. I think it speaks volumes when these types are thanking Mr Covel for his contribution and it's required reading at their company's.
The audio interviews at the end was the cherry on the top!
Let's see what Trend Commandments is all about...

Covel, the gift that keeps on giving.

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The reference book on Trend Following. Learn and observe and take action. Thank you Mr Covel.

Lives Up To Expectations

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This is really not one book, but three books spliced together. The first part is Covel's original book on trend-following, updated for recent events. The second is a series of studies looking at various aspects of the strategy in various formats, and the third a series of interviews from Covel's podcast. The whole package is a very long (perhaps a little too long), very comprehensive, and an utterly fascinating look at this classic but little-loved trading style. As someone who loves trading and loves financial markets, I found the whole package very satisfying. If you're hard-core into analyzing statistics, you probably want to get the paper-version, as the long list of numbers and cross references to the PDF, quickly get confusing in audio format.

It dove-tails very nicely with the works of Nassim Taleb's work on unpredictability and hindsight bias. As the core message of trend following is "follow, don't predict".

Narrator is fine. And it was good to hear Covel's interviews with various market participants and analysts in the 3rd part.

Covel's Trend Following Magnum Opus!

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I'm hoping this isn't exclusive to my device but there are so many sections especially in chapter 4 where the audio just drops and you're left wondering when it will come back.

I think trend following is a splendid trading strategy and there's so much potential value here but the book needs to be fixed for listening purposes!

So many pauses!

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