Trading Books: Trend Following: How Great Traders Make Millions in Up or Down Markets

Author: Michael Covel
Publisher: Financial Times Management
Year: 2004

Topics Covered:

  • Trend Following Principles
  • Great Trend Followers
  • Big Events, Crashes, and Panics
  • Human Behavior
  • Trading Systems
  • Trend Following Research
  • Risk Management

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Trading book review: trend following

Trading Book Review of ‘Trend Following: How Great Traders Make Millions in Up or Down Markets’ by Michael Covel:

This trading book is my absolute favourite trading strategy. I love it because you can make fantastic returns with so little work – Profiting with trend following is simply a matter of patience… Patience to wait for a trend to start so you can enter… then patience to hold until the trend is over so you can exit.

Michael Covel has written the modern bible of trend following and this book is a must-read for anyone interested in trend following. If you have other trading books that you can recommend then please leave me a comment below and I will make a review about it!

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Adrian Reid Founder and CEO
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets. His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years. Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.