Trend Following: How to Make a Fortune in Bull, Bear, Black Swan Markets, Fifth Edition


About the Author

Fear touches everyone—even the successful people, the golden boys, the -people who give the appearance of passing through life with their hands deep in their pockets, a whistle on their lips. To take on risk, you need to conquer fear, at least temporarily, at least occasionally. It can be done, -especially if you look outside yourself for a strong ledge to stand on.
—Denise Shekerjian1


Michael Covel searches. He digs. He goes behind the curtain to reveal a state of mind the system doesn’t want you in.
Characterized as essential and required reading, Michael teaches beginners to seasoned pros how to generate profits with straightforward and repeatable rules. He is best known for popularizing the counterintuitive and controversial trading strategy, trend following.
An avowed entrepreneur, Michael is the author of five books including the international bestseller, Trend Following, and his investigative narrative, TurtleTrader. Fascinated by secretive traders that have quietly generated spectacular returns for seven decades, those going against the investment orthodoxy of buy and hope, he has uncovered astonishing insights about the right way to think, develop, and execute trend following systems.

There are many who find a good alibi far more attractive than an achievement. For an achievement does not settle anything permanently. We still have to prove our worth anew each day: we have to prove that we are as good today as we were yesterday. But when we have a valid alibi for not achieving anything, we are fixed, so to speak, for life.