|
Synopsis:
Newly updated and expanded book details contrarian, anti-Wall Street strategy that has made billions for some of the most successful traders of all-time. For more than 30 years, one trading strategy has consistently delivered extraordinary profits in bull and bear markets alike: Trend Following. Just ask the billionaire traders who rely on it -- traders like John W. Henry, whose profits bought the Boston Red Sox!
[Back to top]
Jacket Description:
In Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, you'll meet them and discover exactly how to use trend following in your own portfolio. This New Expanded Edition includes many easy-to-understand performance charts. You'll also find comprehensive information on back testing trend following for yourself. "The concepts that make up Trend Following should be experienced to be understood completely, a tough prerequisite," acknowledges Covel. "We found it helpful to compare Trend Following to baseball, a sport all of us have experienced either passively or actively to one degree or another. I've always known that baseball and Trend Following have much in common, but it wasn't until the past few years that sportswriters and financial writers started acknowledging their similarities. Ed Seykota, Bill Dunn, and John W. Henry swing for the fence. They hit home runs in their trading performance. They are the Babe Ruths of Trend Following."
Michael Covel goes right to the source, presenting powerful insights straight from the world's top trend followers-and debunking Wall Street myths and misinformation from pros who ought to know better. You'll learn how to limit risk, employ market discipline...and, when the moment is right, swing for the home run. The new expanded edition of Trend Following:
--Provides real proof, real data, real results. Contains 50+ pages of easy-to-understand charts, actual results from top Trend Followers covering decades of actual performance..
--Shows how to apply trend following in your portfolio. Covel walks you through the process, one step at a time, in plain English.
--Gives all the information you need...in one number. Why the market price tells you all you need to know to trade.
--Pinpoints targets of opportunity. What to trade, when to trade, and how much to trade.
--Explains how it's done: classic case studies. Who profited from the global scandals of the last 15 years and how they did it.
--Introduces the reader to leading trend followers. Extraordinary trader profiles, including Bill Dunn, John W. Henry, and Ed Seykota.
Covel's timely book capitalizes on today's intense volatility and uncertainty to give investors what they're desperately searching for: a strategy that really works. "There will always be critics, and there will always be cheerleaders," adds Covel. "I, however, find solace in the performance numbers-and trend following performance numbers are the real story-no matter how many people agree or disagree with the content of this book, the performance numbers paint a picture you either accept or reject," he continues. "It's your choice," he concludes.
[Back to top]
|
(0 reviews)
