Trend following: how great traders make millions in up or down markets

Abstract

For 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.In this book, you'll meet them . . . and you'll discover how to use Trend Following in your own portfolio. Even if you're not a billionaire. Yet.Michael Covel rigorously analyzes historic performance data proving that Trend Following trading works. He goes right to the source for insight from some of the best trend followers ever. How to limit risk, employ discipline, and swing for the home run are all part of Trend Following. Covel also debunks commonly accepted Wall Street Holy Grails such as buy and hold and the use of fundamentals for trading decisions. The proof is in the results-Hard performance data over decades from professional money managers All the information you need . . . in one number-Why a stock's price tells you all you need to know to trade Pinpointing targets of opportunity-What to trade, when to trade it, and how much to trade How it's done: classic case studies-Who profited from the global scandals of the last 15 years . . . and how they did it Meet the Trend Followers-Extraordinary trader profiles, including Bill Dunn, John W. Henry, and Ed SeykotaThe First Book on Trend FollowingHow did John W. Henry become rich enough to buy the Boston Red Sox? How do traders like Ed Seykota, Bill Dunn, Jerry Parker, and Keith Campbell consistently generate immense profits in both bull and bear markets?The answer is Trend Following: the only long-term trading strategy proven to consistently make money. Now, one of the field's leading experts pulls back the curtain on Trend Following, showing you exactly how and why from A to Z. Michael Covel demonstrates why market prices contain all the information you need to make buy and sell decisions.Trend Following works. The proof? The billionaires who live by it.

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