Book - Customer Review:8
Trend Following: How Great Traders Make Millions in Up or Down Markets
Michael W. Covel
Rating: 4.5/5 Stars
Rank: 1003
Absolute Returns ? Absolutely Fantastic (Phoenix) June 30, 2004 - 5.0/5 stars
Chapter three will change your outlook on life. Absolute returns -
critical to success in the markets!It doesn't matter what the
unemployment rate is if you are the one unemployed.
The performance of
the S&P is inconsequential if your account is down 20%. What matters
is the balance of your account on December 31st. Through the increases
of the late `90's I got caught up in analyst recommendations or the latest
skirt on CNBC.
I knew more about the CNBC personalities than I did about
my own family. My method of portfolio balancing was having a little of
Xerox to balance out Worldcom and Yahoo.
2000 and 2001 came. My account
was down 80% from its peak. The S&P was down 50% and I was down 80%.
Did it matter what the S&P returned?
No. I was still down 80%. The
author uses a quote from Ed Seykota - "No matter what kind of math you use,
you wind up measuring volatility with your gut." Brilliant.
Customer Review: 8 of 16
Customer Reviews
Trend Following: How Great Traders Make Millions in Up or Down Markets
Michael W. Covel
Customer Review
7 - 9 of 16
![]() | | 7. | Couldn't put it down | | (Perth) May 19, 2004 - 5.0/5 stars | | I received my book on Monday afternoon. I could not put it down. Today
(Wednesday) I finished it. Great read and well written!This book
serves a great purpose; it gives an insight into who is winning in the
markets... read full review |
![]() | | Current Review | | 8. | Absolute Returns ? Absolutely Fantastic | | (Phoenix) June 30, 2004 - 5.0/5 stars | | Chapter three will change your outlook on life. Absolute returns -
critical to success in the markets!It doesn't matter what the
unemployment rate is if you are the one unemployed. The performance of
the S&P... read full review |
![]() | | 9. | Great Read | | (DFW) June 20, 2004 - 5.0/5 stars | | I've invested thousands of dollars in trading courses over the last 10
years. Ranging in topicfrom delta neutral to swing trading and
finally spread trading. This book was a tremendous benefitboth to my
outlook on trading... read full review |
Editorials
Sample 3 of 14
Trend Following: How Great Traders Make Millions in Up or Down Markets
Michael W. Covel
![]() | | | Robert (Bucky) Isaacson, Managed Money and Trend Following Pioneer for 30+ Years | | This is a valuable contribution and some of the best writing on trend
following I've seen. |
![]() | | | Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC, Fox News Contributor | | Michael Covel's Trend Following...will replace Market Wizards as the
must-read bible for a new generation of traders. |
![]() | | | From the Back Cover | | "Michael Covel's Trend Following: Essential."
--Ed Seykota, Trend Follower and Original Market
Wizard "Trend Following by Michael Covel?
I'm long this book." --Bob Spear, Developer of
Trading Recipes Software ... read full editorial |
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