Trend Following, 5th Edition cover art

Trend Following, 5th Edition

How to Make a Fortune in Bull, Bear and Black Swan Markets

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Trend Following, 5th Edition

By: Michael W. Covel
Narrated by: Joel Richards, Michael Covel
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About this listen

Want to take the financial journey to a new investing philosophy that might very well affect the rest of your moneymaking life? No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide awake. Trend Following reveals the truth about a trading strategy that makes money in up, down, and surprise markets. By applying straightforward and repeatable rules, anyone can learn to make money in the markets - whether bull, bear, or black swan - by following the trend to the end when it bends. In this timely reboot of his best-selling classic, Michael Covel dives head first into trend following strategy to examine the risks, benefits, people, and systems. You'll hear from traders who have made millions, and learn from their successes and mistakes - insights you'll only find here. You'll learn the trend philosophy and how it has performed in booms, bubbles, panics, and crashes. Using incontrovertible data and overwhelming supporting evidence, with a direct connection to the foundations of behavioral finance, Covel takes you inside the core principles of trend following and shows everyone, from brand new trader to professional, how alpha gets pulled from the market. His newest edition has been revised and extended, with seven brand new interviews and research proof from his one-of-a-kind network. This is trend following for today's generation. If you're looking to go beyond passive index funds and trusting the Fed, this cutting-edge classic holds the keys to a weatherproof portfolio.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2017 Michael W. Covel (P)2017 Michael W. Covel
Analysis & Strategy Commodities Personal Finance Stocks Technical Analysis Futures Trading
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What listeners say about Trend Following, 5th Edition

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A wealth of information

Informative, eye opening and a must read for any serious trader whether a beginner or experienced.

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Trend Following

I can only imagine the hardwork, doggedness, frustration, time and joy involved in making this work of art/science. Trend Following has changed my thought process in life, not just trading. Well done Michael Covel and thank you!

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Covel's Trend Following Magnum Opus!

This is really not one book, but three books spliced together. The first part is Covel's original book on trend-following, updated for recent events. The second is a series of studies looking at various aspects of the strategy in various formats, and the third a series of interviews from Covel's podcast. The whole package is a very long (perhaps a little too long), very comprehensive, and an utterly fascinating look at this classic but little-loved trading style. As someone who loves trading and loves financial markets, I found the whole package very satisfying. If you're hard-core into analyzing statistics, you probably want to get the paper-version, as the long list of numbers and cross references to the PDF, quickly get confusing in audio format.

It dove-tails very nicely with the works of Nassim Taleb's work on unpredictability and hindsight bias. As the core message of trend following is "follow, don't predict".

Narrator is fine. And it was good to hear Covel's interviews with various market participants and analysts in the 3rd part.

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Trend Following

I thought book was fantastic, my first audible, won't be my last, narrator was great, 10/10

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Absolute waste of time!!

1 - Bad habit of the author is keep saying how great trend following is, instead of the technicals of what constitutes a start of a trend, continuation and end of the trend.

2 - Also consistently praising how good traders use trend following. Way too much. Like over 30 times, just bragging about how this trader succeeded because of “trend following”. But if the trader failed, then its not trend following’s fault

3 - Its also annoying when the author reads out a statistics table which doesnt make sense for an audiobook.

4 - chapter 2 ( 4 ) is also very bad as it goes though multiple opinions of traders in many areas. Basically a bit of nothing, no significant in anything.

5 - the beginning author indulges in self-praise so much saying how people loved his book so much

6 - some chapters are just quotes of too many people without context to what the author wants to highlight.

7 - author is encouraging GAMBLING instead of smart trading when he is saying its OK to make regular losses because one big win will cover for all the losses and more. THIS IS NOT SMART FINANCIAL MANAGEMENT.

Still going though chapter 4, I’m giving it a chance & trying to get my value for money by ending listening to the audio book, ill update this review and say whether it was worth the time or not or I have more things to complain about.

I wish there was a demand refund button!

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Lives Up To Expectations

The reference book on Trend Following. Learn and observe and take action. Thank you Mr Covel.

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Covel, the gift that keeps on giving.

I really rate Michael Covel's books, There's just so much content and depth.
Each chapter in this audiobook covers another angle of the Trend Following world and was a joy to listen to. Not only do we get to listen to the authors extensive knowledge but we're then treated to Titans of the Game and their thought processes. I think it speaks volumes when these types are thanking Mr Covel for his contribution and it's required reading at their company's.
The audio interviews at the end was the cherry on the top!
Let's see what Trend Commandments is all about...

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Not much substance on actual trend following.

Narrator was good. But book content doesn't give much actual guidance on trend following. Does praise trend following a lot though. Content could have been much shorter.

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Much content little substance

It is very much like detailed academic research paper on trend following. Only few trading techniques and wisdom shared for us to internalized to be more trader. Dont waste time on this book

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Follow the trend.

This book feels like it's trying to be mister miyagi of trend following from karate kid. however I feel like a short chapter would have captured much more value and quality to the message. sometimes less is more and these constant references to people who trend follow is almost a cheap ploy at appealing to authority. also the quotes before each chapter in the audiobook is absolutely unbearable I had to skip every single one of those chapters. just remove those bits from the book they add little to nothing extra. I am willing to say that maybe I am missing something as it appears to be well received by a lot of people. I just felt this book was over extended more concise with substance would have been the ideal from my personal opinion.

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