Mastery

“The way I see it, you have two choices–you can do what I did and work for 30-plus years, cobbling together scraps of information, seeking to create a money-making strategy, or you can spend a few days reading Covel’s book [Trend Following] and skip that three-decade learning curve.”

“Michael Covel’s Trend Following: Essential.”

“I think that this book documents a great deal of what has made Trend Following Managers a successful part of the money management landscape (how they manage risk and investment psychology). It serves as a strong educational justification on why investors should consider using Trend Following Managers as a part of an overall portfolio strategy.”

“The course [Essentials] gives comprehensive insight to the most accessible active management strategy currently in use. [You] find revealing explanations of all the critical elements of a successful trend following trading plan. The concepts espoused here are not just opinions…these techniques have been proven to work.”

“[Trend Following Mindset] tells the compelling story of rules-based trend following trading and the results of maximum diversification, taking small losses, and letting those profits run. A timeless, ageless reminder to all of us that we can’t predict the future and that our intuitions and emotions are holding us back from success.”

“Years ago, famed Chicago bond trader Tom Baldwin put trading in a phrase: 'Everybody wants the money, but whose willing to do the work?' I know a few. One of them is Michael Covel. Michael did the yeoman’s duty no one else would do: bringing together the principles, practices and track records of trend following. In his now numerous books, Flagship and programs, he solidly demonstrates trend following is a viable trading and investment strategy; moreover, one that can be learned and mastered. Something many so-called trading and investment strategies have yet to do.”

“There have been few authors that have tackled the financial markets with a candor that was entertaining while not alienating themselves from the community they wrote about. A few greats come to mind: Michael Lewis, Jack Schwager, and Nassim Taleb. I believe Michael Covel also belongs squarely in this camp for his work to champion the trend following movement.”

“Mike Covel is not just a cheerleader for trend-following, he is the Head Coach. He understands the game, the strategy and crucially the psyche of the players. Would be winners will ensure that they study Mike’s teachings and books before stepping onto the playing field.”

“What Edwards and Magee did for technical analysis and Benjamin Graham did for fundamental analysis, Michael Covel has achieved for the art of following trends. Arguably the definitive text on this style of trading, Trend Following covers all the bases from human behavior to systems trading, while debunking many prevalent misconceptions about what it really takes to make money.

Covel gives it to you straight: what works, what doesn’t, and how outsized gains are earned, straight from the mouths of the world’s top traders. If you want the “quick path to easy trading success”, look elsewhere (And good luck to you!). But if you want a real education in what it takes to capture huge market gains over time, read this book. I think the book did a superb job of covering the philosophy and thinking behind trend following (basically why it works). You might call it the Market Wizards of Trend Following.”