Trend Following: How Great Traders Make Millions in Up or Down Markets
Michael W. CovelISBN: 0136137180;
How did John W. Henry quietly become rich enough to buy the Boston Red Sox? How have traders like Keith Campbell, Bill Dunn, Jerry Parker, and Salem Abraham consistently generated immense wealth in bull and bear markets? The key is trend following -- the only strategy proven to consistently make money. Now, one of the field's leading experts pulls back the veil on trend following, showing how it works and how you can take advantage of it. Michael Covel reveals the "underground" network of little-known traders and hedge fund managers who've been using trend following for decades. He introduces its fundamental concepts and techniques, showing why market prices contain all the information investors need, and how to understand price movements well enough to profit from them. Using 100 pages of easy-to-understand charts from top trend followers, Covel proves the strategy works -- and shows why only a technical system based on following price trends can win over the long term. Covel...
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