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Trend Following, 5th Edition

How to Make a Fortune in Bull, Bear and Black Swan Markets
Written by: Michael W. Covel
Length: 34 hrs and 18 mins
4.5 out of 5 stars (11 ratings)

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Publisher's Summary

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

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Michael covel investing genius

The Alex Jones of investing. you don't have to listen to the mainstream media on how to invest i it's nice to have a different perspective on how you should invest your money
ove listening to Michael covel books think he does a great job with in his investing knowledge and interviewing other strong investors.
very happy for his podcast and all those other books I think if you don't have to listen to his podcast yet you going to check that out

0 of 2 people found this review helpful

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  • Onke
  • 2018-04-27

Absolute disappointment and a total treasure all in one

I have so much to criticize about this book, yet I would recommend it to absolutely anyone who’s trying to become a trader, or a better trader. I’ll start with the criticisms but please, please read through to the compliments as well, because there are plenty.

1. The biggest disappointment for me was that the title is very misleading; after reading this book you will not be able to go to your laptop and start trading a trend trading strategy.

2. The book is excessively long and becomes very repetitive in the middle.

3. As much as he’s an absolutely great guy and backs up his beliefs thoroughly, Mr Covel is very critical of those who might disagree with him.

And now... The Compliments🍾🎉🎉🎉

A. The academic rigor of this book is absolutely outstanding! Although I got no strategy from this book, I got absolutely excellent questions to ask along the way, questions that should help me develop a robust trading system and know how what to do before I can trust it.

B. Towards the end, he adds on some interviews with great traders such as Tom Basso, from which you get insights that you could never get from any one else! He also interviews experts, including a Nobel Prize winner, in critical areas such as Game Theory, Deliberate Practice, NLP and Psychology of Thinking

This is a book that will definitely help you become a better trader, but even more than that, it will help you become a better person if you endure and listen right until its end.

10 of 10 people found this review helpful

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  • A. Mark
  • 2018-03-05

Lots of content, but...

There is a lot of time in this audiobook but not much depth. Half the book is also repeated as audio interviews. Its good general info but don’t expect to get any specifics from this book.

3 of 3 people found this review helpful

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  • Kathy Brewster
  • 2017-08-21

Fantastic!

A must read for anyone interested in Trend Following!! Covel again knocks it out of the park with his latest edition! The audiobook is awesome too, especially the added interviews at the end! You will not want to stop listening to this masterpiece!!

Bill B.

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  • Anonymous User
  • 2019-10-01

Boring!

it's a waste of time if you want to learn something. It's just an advertising for trend following with no real content.

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  • Amazon Customer
  • 2019-07-20

If you missed it, you don't want it bad enough...

As a professional trader who uses Trend Following, I can honestly say this book clearly lays out how to make money using trend following. I actually put off reading this book for many years due to the fact that I had read so many other "Trading" books claiming to explain how to become a successful trader that were merely hype and B.S.
If you truly desire to become a successful trader it will not be easy, and you must have grit, because the markets don't care about you or your feelings. The markets simply move and evolve, when you decide to stop fighting the trend and attempting to trade based on predictions, you will find your "A-HA" moment. This book will definitely assist you on getting there.
Lastly there is a difference between reading and comprehension, be willing to read and re-read multiple times, don't move on until you can demonstrate to yourself what is being explained. Take opportunities to stop, look at charts outside of the book, can you find examples in other markets of what is being explained in the book?

"Knowing is not enough, we must apply, Willing is not enough, we must do." - Bruce Lee

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  • Christian
  • 2019-07-17

Great book, must read

This is a simple yet very effective book. It dives into the characteristics of trend following and has interviews with top trend followers. A life time worth of lessons are in this book.

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  • yZak
  • 2019-03-06

books that change you

this book cahnged my Outlook on life and how to make money via a system. I reread this book often. and have owned it through audio since the first day it came across my audible. I enjoy challenges and the systematic way is challenging in so many good ways. give it a shot. I double dog dare you.

thank you m. covel.

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  • Beck Dogs
  • 2019-01-27

No real information provided

All of the negative reviews are true. I won’t go into further details. Suffice to say I listened for three hours, learned nothing, then returned the book to audible. This book is a waste of time.

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  • Anonymous User
  • 2019-01-19

long3

like what they said. I believe in trend following now. only bad thing is to long

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  • EAP
  • 2018-12-04

Buy the earlier addition

This audiobook was insanely too long 39 hours is crazy. Cut out all of the famous quotes and learn to be more concise. I can’t believe your publisher and editor let you keep all that fluff in the book. this was a huge waste of time and whatever the point was It was lost. Now I need to buy another book that actually explains trend following and more in importantly how to do it as this book does not.