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Summary

Michael Covel is the author of five books, including the international best seller, Trend Following and his investigative narrative, The Complete TurtleTrader. Fascinated by traders that quietly generate spectacular returns, those going against the grain of investment orthodoxy, he has uncovered astonishing insights about how they think, strategize, and execute their systems.

His cutting-edge and unorthodox perspectives have garnered international acclaim and have earned him invitations with: China Asset Management Co., Ltd., GIC Private Limited (Singapore sovereign wealth fund), BM&F Bovespa, Managed Funds Association, Bank of China Investment Management, Market Technicians Association. He also has the distinction of interviewing four Nobel Prize winners in economics, including Daniel Kahneman and Harry Markowitz and has been featured by major press, including: The Wall Street Journal, Bloomberg, CCTV, The Straits Times, and Fox Business.

Covel's Trend Following podcast now has over 2.5M listens (trendfollowing.com/podcast) and has ranked as high as number two on iTunes. He splits his time across USA and Asia, and sees location independence as our future.

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

©2009 Pearson Education, Inc. (P)2016 Michael Covel

What members say

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useful

provides alot of useful information for building a trend following strategy. longer than it needs to be..

4 of 4 people found this review helpful

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it started so well

I had high expectations for this book. The first several hours were so interesting but then the book just suddenly ended. I felt it was hyping up to something and it didn't deliver.
What's worse, the last 10 or so hours of the book is just interviews from the author's podcast. They are usually of extremely low sound quality and the topics are often not related to the subject of the book at all.
I am so disappointed.

1 of 1 people found this review helpful

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  • Mr
  • 07-09-18

A powerful and entertaining tritise.

The latest edition of Covel's crusade to convert the world to trend following is a well-researched, well argued, and unashamedly partisan argument against the "buy and hold" mantra so popular in the mutual fund industry. Covel can be more than a little scathing about his critics and about some of the argument's used against trend-following, and his wit livens up a serious and compelling look at this particular strategy.

The numerous appendices and interviews in the 2nd half of the book are an diverse and rewarding addition to the main text, and I recommend the book to anyone interested in financial markets. Even if you don't think trend following is a fit for your trading personality.

Narrator is fine.

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not to much

lot's of detailes, telling that Ed secoda and the others are the best in all history of trading, and trend following is the only way, with a guide of how and what you rely need to be real trend follower!!

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Good, but no practical technique!

This tells you that trend following is a good thing and backs it up, but I couldn't help feeling that I needed something to show me how trend following works. I'd like to see more of a 'how to'.

I had Turtle Traders on my wish list, but I think I'll look for another author to demonstrate the actual technique, even though I enjoyed listening to Michael Covel.

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The greatest book

The greatest book I've ever read after the Bible. Thank you. I hope to have a chance to return you the favor.

1 of 2 people found this review helpful

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  • Brad Mills
  • 04-08-16

Good case for trend following, nothing actionable

Makes a good case for trend following, but no actionable trading lessons. Misleading Length.

I am a millennial, an entrepreneur, a creative person. I am not a trader, but I'm interested in trading and have made some mistakes in the past trying to buy and sell stocks or mutual funds. This book seemed like it would explain a simple type of trading, one where you do not need to be a computer programmer or dedicate your life to day trading.

I previously have read "The Complete Turtle Trader" and really enjoyed it. It told the story of Richard Dennis in an informative and entertaining way - and then it laid out a set of rules that Richard Dennis used to train his Turtles how to trend follow. It actually had steps you could take to create your own system of trend following, and I was able to implement the rules to earn some real money in the cryptocurrency markets.

I then started listening to Michael Covel's podcast, Trend Following Radio. After 5-6 episodes, I decided to buy "Trend Following" on Audible after everyone kept referring to it as a great book.

When I saw the length of this audiobook, 24 hours, I was impressed. I started listening to the book on walks, enjoying the stories about the trend followers, hearing about how much money they made in up and down markets.

After about 11 hours in, I was excited for the next half of the book where I was certain the author was going to start walking the listener through the different strategies required to become a trend follower. Processes, models, risk & volatility best practices, and position sizing. These are the nuggets I was expecting from the book.

Instead, the book ended shortly after and I was extremely disappointed that the next half of the audiobook was 2 hours of side bar quotes that lose their meaning when read one after another for 2 hours straight. Then the next ~10 hours or so was free podcast episodes.

The narrator did a really good job, and the stories were great. The book was very well written. I'm not saying it was a bad book, I was just disappointed because I expected the same type of actionable information from Trend Following that I got from The Complete Turtle Trader.

I see Michael Covel has another book called "Trend Commandments: Trading For Exceptional Returns" - maybe what I was looking for is in this book, because it wasn't in Trend Following.

23 of 24 people found this review helpful

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  • Tyler
  • 03-12-16

Another wall street history book, but no "how to"

What reaction did this book spark in you? Anger, sadness, disappointment?

Half of the book is just filled with Wall Street stories about successful traders, not how they achieved their success or what methods they use. The other half is some podcast of interviews. First 7 chapters on audible is just talking about the author and his books.

5 of 5 people found this review helpful

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  • Dennis Dorantes
  • 23-12-16

Great book

Great book for anyone who wants to up their trading skills and understanding. One thing audible should start doing for books like this though is provide a PDF file of all the figures/charts for the listener to view as they are being mentioned. Too many charts and graphs that they go over in this book it would be nice for them to be included. Maybe that could be a good update for some books on here in audible. Great read nonetheless.

3 of 3 people found this review helpful

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  • Raphuel
  • 02-06-17

Must read for medium to longterm traders

Full of usefull information, and the extra interviews are very good. Make sure you download the PDF appendix.

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  • Amazon Customer
  • 24-05-17

No PDF's available to review charts

Would you listen to Trend Following (Updated Edition) again? Why?

yes

Any additional comments?

No access to charts and illustrations. Narrator kept referring to attached PDF File and there was not one available. Very frustrating.

1 of 2 people found this review helpful

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  • Jose E. Nunez
  • 17-02-17

A true insight into being successful

The book not only gives a clear understanding of the concept of trend following from those who have made a living of it, but it also gives you an insight into the mental make up necessary for such success.

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  • KP
  • 12-09-16

I needed the audiobook

Any additional comments?

I have this book and all others by Michael Covel. I have thoroughly enjoyed Trend Following (TF) in the audio format. I have listened to Little Book of Trading (LBT) every year since it came out... it is right next to Reminiscences (RSO) and Market Wizards (MW). Since I take long drives for work -- I have listened to LBT, RSO, and TF every year. Look for forward to listening to Complete Turtle Trader (CTT) and Trend Commandments (TC).

1 of 2 people found this review helpful

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  • Chris C. Connell
  • 07-09-16

New edition even better

I read the original years ago. When this edition came out I didn't get right away. Recently got it through Audible and thought it was better than the first. It really brings to light what this style of trading can do in major events.