Book & podcast collection

Trend Following

byMichael Covel

Michael Covel introduces trend following, an investment approach built around responding to sustained price movements rather than forecasting fundamental value. Through the histories and methods of notable traders, he explains how systematic rules, diversification, position sizing, and disciplined exits can capture large trends across stocks, bonds, currencies, and commodities. The book emphasizes that trend followers accept many small losses in exchange for the possibility of occasional substantial gains. Covel presents the strategy as a practical philosophy of uncertainty: markets cannot be predicted reliably, but risk can be managed and behavior made consistent.

Publisher

FT Press

Publication date

2006

Format

Print edition

Pages

420

ISBN

9780131345508