Trend Commandments Reviews In!

“Trend Commandments” is set for a July 2011 release from FT Press.

“An outstanding book [Trend Commandments] for anyone who wants to become rich by trading markets. Today, government regulations and fiscal and monetary policies are badly distorting financial markets. Covel accurately explains why, in this ‘manipulated’ financial environment, you should never expect markets to move as you wish or expect. Rather, disregard your fundamental beliefs and simply follow the trend. Highly recommended!”
Marc Faber
Managing Director, Marc Faber Ltd.
Editor, ‘Gloom Boom & Doom Report’

“If you are even thinking of a career in trading, put down all the other books. Buy this one [Trend Commandments]. Read it. Now you can start your career.”
James Altucher
Managing Director, Formula Capital

“Fire up the barbecue. Michael Covel skewers the sacred cows of Wall Street with tasty bite-sized bits of the truth about what it really takes to succeed in trading and life. Wide-ranging, irreverent, revealing, eminently quotable, and right on the money.”
Charles Faulkner
Market Wizard Trading Coach

“A rapidly moving, non-technical, and outside-the-box effort that smartly captures the essentials of trend following.”
Peter Borish
Chairman and CEO, Computer Trading Corp

“Michael Covel’s Trend Commandments is full of practical wisdom in bite-size portions on the benefits of trend trading–written in a straightforward storytelling format. It’s definitely one to add to your financial bookshelf.”
David Stendahl
Signal Financial Group

“Michael Covel is the very best at explaining the concepts of successful trend following in plain English. I’m certain you’ll be a successful trader if you follow the ideas he outlines in Trend Commandments. This book (and his previous two!) are required reading for new employees in my office.”
Steve Sjuggerud

“Investors have experienced two bear markets in the last decade. This has led to rising volatility, uncertainty, and investor angst. For some it has been a lost decade, but for trend traders it has been a decade of opportunity. Trend Commandments helps you focus on what matters most: the trend of the markets, whether up or down. You can profit from either. Trend Commandments is essential reading for those who have the desire to thrive and survive in an era of fast-paced trending markets.”
Jim Puplava
CEO, Chief Investment Strategist, PFS Group

“Buy and hold has been a difficult investment system for investors for a decade. In Trend Commandments, Covel challenges readers to think differently and question their beliefs about market ‘truths’ ingrained in them for years. Forewarned, you just may never see the world the same way again.”
Mebane Faber
Cambria Investment Management

“Covel’s Trend Commandments offers a breezy rumination on what is right about trend following and what is wrong about conventional trading approaches.”
Jack Schwager
Author of Market Wizards and Schwager on Futures series

10 thoughts on “Trend Commandments Reviews In!

  1. Your last two books were top-notch and I’ve recommended them to clients. Trend Commandments is already pre-ordered!

  2. I have already ordered mine. I am really looking forward to it. Thanks for all the hard work you put into the excellent books.

  3. I’m sure you’re book is great and I plan to buy it – but a recommendation from James Altucher?? I highly doubt this guy can distinguish between Trend Following and a hole in the wall! He just came out with a prediction of Dow 20,000 based on nothing but baloney and hot air! LOL!

  4. Michael,

    Just read the unflattering review on Amazon that brings up an important distinction. He says that in Trend Commandments you admonish people for following the herd. He then points out (incorrectly), “Isn’t that what trend following is?”

    There’s a HUGE difference between following the herd and following the trend…in fact, you can make a fortune going against the herd, while also following the trend.

    For example, 3 years ago, an upward trend developed in the price of coal mining stocks. Nobody in the media was talking about coal. Yet, if you invested in these stocks, you made about 350% return in the next two years.

    After two years everyone (the herd) was talking about coal. The “dumb money” started piling in and the trend followers sold stock to them. A few months later, some TFers even shorted the same stocks that we’d previously owned. Of course, coal stocks tanked. The herd was wrong yet again.

    This is the difference between the herd and the trend…they should not be confused. Follow the trend, not the herd.


  5. That reviewer has been doing that kind of nonsense across my books for a long time–same guy under different names. Has no clue what he is talking about.

  6. Yes, he sounds clueless…if TF = “the herd,” we could get all the TF advice we need from CNBC and WSJ and we’d all be Ed Seykota.

  7. How I handle this silly objection of trend following being a “herd mentality” when it is brought up:

    “If trend following is a herd mentalitly then why is it that most traders SELL new highs and BUY new lows? That is what the average “mean reversion” traders do, and therefore it’s the definition of “following the herd.”

    A new high or low on a chart is only a new high or low in the “here and now”… in the future it can look like the middle of a very profitable trend; a trend that will be missed by most “herd” traders.

  8. That ‘review’ is not a review. Just a guy who doesn’t have a clue who wants to carp. I find it amusing that folks think 5 sentences of whatever actually counters an entire book. His comment is going verbatim in the chapter ‘Honest’ on 2nd printing…

  9. Trader Jim,

    I’ve printed your comment and hung it on my cork board.

    Excellent point of view on trends.


    That would be perfect!

    I think his point is a common misconception on TF (i.e. trend following = herd following) when in fact the opposite is usually true.

    Which is why the very appropriate symbol of a “Broke” America is a sheep and the very appropriate symbol of a trend follower is Bill Dunn’s bucking bronco — no herd, just a single wild horse.

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