Update: Trend Following Performance
Trend following has delivered massive performance for more than a century in up, down and crisis markets:
"...Trend following has existed for a very long time. Some 200 years ago David Ricardo's imperative to 'cut short your losses' and 'let your profits run on' suggests an attention to trends. We find that trend-following has delivered strong positive returns...for more than a century."
Source: AQR Capital Management
Profit across stocks, bonds, commodities, FX, ETFs, futures, energies, agriculturals, metals and softs:
"I wanted to know if you could do it from outside the markets looking in. 'Could you be on a desert island and make money trading?' was the question I was asking myself...Our sort of approach [trend following] to markets is a science. It is an unpublished science, but it is a real one."
Source: David Harding
Our loyal students include new traders, pro traders and just about everyone else in-between:
"I have been trading for many years and doing okay but my method was not systematic enough and too stock focused. I decided that I needed to up my game and ran across a reference to Trend Following while reading another book. I decided to contact Mike after reading the book and decided to work with him one on one. This experience has put me in a new league and really helped me focus on my weak areas which were risk management and portfolio selection. I would recommend any trader who is not where they want to be to start with Mike and the Trend Following book, website and course material."
"I am a big fan of Michael Covel. What impresses me the most is his single minded determination to get his message out regarding his central theme: trend following works. His books provide plentiful evidence of long term superior performance by numerous trend following traders. He doesn’t coddle his readers with pep talk–that’s not his style. Instead he says “if you’re going to try to make money in what might be the world’s hardest profession, why not take a studied look at how some of the most successful traders got that way and emulate their behavior?” And talk about a bargain–he’s done the arduous work compiling track records, picking the minds of sometimes elusive superior traders and then distilling all the data down into thoroughly useful, readable text. What tremendous value for a few bucks. And then, because Michael understands his role as a gifted entrepreneur, he goes the next step by providing guidance and tools to would be traders utilizing the internet and a variety of affordable trend following trading courses. I traded my first futures contract in 1969 and spent my professional career in the futures industry until my retirement in 2001. Through the years I have been asked many times for advice about how to attempt to be a successful trader. My answer now–read and apply Covel."
Trend Following Radio has reached as high as #2 on iTunes with 2.5+ million listens. Guests across 300+ episodes have included Nobel Prize winners Daniel Kahneman, Vernon Smith, Harry Markowitz and Robert Aumann.
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