MICHAEL COVEL
Reputation · 4 of 7139 / 151

Praise

Michael Covel's Trend Following: Essential.
—Ed Seykota

The way I see it, you have two choices-you can do what I did and work for 30-plus years, cobbling together scraps of information, seeking to create a money-making strategy, or you can spend a few days reading Covel's book and skip that three-decade learning curve.
—Larry Hite

I think the book did a superb job of covering the philosophy and thinking behind trend following (basically why it works). You might call it the Market Wizards of Trend Following.
—Van K. Tharp

Trend Following: Definitely required reading for the aspiring trader.
—David S. Druz, CEO, Tactical Investment Management

I think that this book documents a great deal of what has made trend following managers a successful part of the money management landscape (how they manage risk and investment psychology). It serves as a strong educational justification on why investors should consider using trend following managers as part of an overall portfolio strategy.
—Tom Basso

If you want to beat the market, you have to do something different from what everyone else is doing, and you have to be right. In this fascinating and instructive book [The Complete TurtleTrader], Michael Covel tells how a group of novice traders used a system that generated trades that were both different and right, and which made them a lot of money. If you want to understand the real world of trading, read this book.
—Bill Miller

An outstanding book [Trend Commandments] for anyone who wants to become rich by trading markets. Today, government regulations and fiscal and monetary policies are badly distorting financial markets. Covel accurately explains why, in this 'manipulated' financial environment, you should never expect markets to move as you wish or expect. Rather, disregard your fundamental beliefs and simply follow the trend. Highly recommended!
—Marc Faber

A rapidly moving, non-technical, and outside-the-box effort that smartly captures the essentials of trend following.
—Peter Borish

If you are even thinking of a career in trading, put down all the other books. Buy this one [Trend Commandments]. Read it. Now you can start your career.
—James Altucher

Michael Covel is the very best at explaining the concepts of successful trend following in plain English. I'm certain you'll be a successful trader if you follow the ideas he outlines in Trend Commandments. This book (and his previous two!) are required reading for new employees in my office.
—Steve Sjuggerud

Buy and hold has been a difficult investment system for investors for a decade. In Trend Commandments, Covel challenges readers to think differently and question their beliefs about market 'truths' that have been ingrained in them for years. Forewarned, you just may never see the world the same way again.
—Mebane Faber

Covel's Trend Commandments offers a breezy rumination on what is right about trend following and what is wrong about conventional trading approaches.
—Jack Schwager

Because Covel so clearly lays out these ingredients of success, his book is relevant not just to trend traders, but to anyone who aspires to greatness in the markets. The message is clear: to win, the odds must be in your favor, and you must have the fortitude to keep playing, remain consistent, and compound your edge. That's a formula for success in any field of endeavor, which may be why the Turtle story finds universal appeal.
—Brett Steenbarger

Mike Covel is not just a cheerleader for trend following; he is the Head Coach. He understands the game, the strategy and crucially the psyche of the players. Would-be winners will ensure that they study Mike's teachings and books before stepping onto the playing field.
—Christopher L. Cruden
Keep reading · Reputation
All 151 entries
  1. 001Everything flows
  2. 002Copy the how
  3. 003No risk, no reward
  4. 004Growth mindset
  5. 005Bayesian babies
  6. 006Fascination
  7. 007Ask the question
  8. 008Read everything
  9. 009Indiana Jones
  10. 010Dare to dream
  11. 011Audacity
  12. 012B.H.A.G.
  13. 013Legacy
  14. 014Decades, not days
  15. 015Sunk costs
  16. 016Opportunity costs
  17. 017Solve X so can Y
  18. 018A safe first step
  19. 019Process v. outcome
  20. 020Repeat what works
  21. 021Simplicity
  22. 022Price matters
  23. 023Fail faster
  24. 024Don't marry a trade
  25. 025Mea culpa
  26. 026Brutal truth
  27. 027Trust, but verify
  28. 028Not for everyone
  29. 029Losers average losers
  30. 030Seize the mantle
  31. 031Break rules
  32. 032Fight the power
  33. 033NPCs
  34. 034Be expensive
  35. 035Hustle
  36. 036Just win, baby
  37. 037Big balls
  38. 038Serendipity
  39. 039Outlier hunting
  40. 040Risky business
  41. 041Moment of now
  42. 042Future shock
  43. 043No prediction
  44. 044Build a moat
  45. 045Obsession
  46. 046Fire all cylinders
  47. 047Artificial intelligence
  48. 048You're not stuck
  49. 049No off days
  50. 050Defer gratification
  51. 051Embrace the journey
  52. 052Authenticity
  53. 053Second order thinking
  54. 054Steve Jobs
  55. 055Richard Feynman
  56. 056Rick Rubin
  57. 057I don't care
  58. 058Luck is a choice
  59. 059Not we, you
  60. 060No excuses
  61. 061It's urgent
  62. 062Be memorable
  63. 063The golden circle
  64. 064Don't hate, congratulate
  65. 065Academic prison
  66. 066Instantaneous
  67. 067Poverty, the default
  68. 068I dig
  69. 069Trend Following
  70. 070TurtleTrader
  71. 071Trend Commandments
  72. 072The Little Book of Trading
  73. 073Trend Following Analytics
  74. 074Trend Following Mindset
  75. 075Trend Following Masters I
  76. 076Trend Following Masters II
  77. 077Ed Seykota
  78. 078Larry Hite
  79. 079Tom Basso
  80. 080Daniel Kahneman
  81. 081Ewan Kirk
  82. 082Jerry Parker
  83. 083Salem Abraham
  84. 084Martin Bergin
  85. 085Martin Lueck
  86. 086Bill Dreiss
  87. 087Howard Marks
  88. 088John Bollinger
  89. 089Tom DeMark
  90. 090Jean-Philippe Bouchaud
  91. 091Christopher Cruden
  92. 092Larry Williams
  93. 093K. Anders Ericsson
  94. 094Jim Rogers
  95. 095Harry Markowitz
  96. 096Lasse Pedersen
  97. 097Annie Duke
  98. 098Michael Mauboussin
  99. 099Marc Faber
  100. 100Jack Canfield
  101. 101Walter Williams
  102. 102Jack Schwager
  103. 103Jack Horner
  104. 104Van Tharp
  105. 105Mark Mobius
  106. 106Seth Godin
  107. 107Tim Ferriss
  108. 108Robert Aumann
  109. 109Gerd Gigerenzer
  110. 110Ryan Holiday
  111. 111William Damon
  112. 112William Ury
  113. 113Robert Greene
  114. 114Vernon Smith
  115. 115Matthew Walker
  116. 116Eric Crittenden
  117. 117Peter Borish
  118. 118Nigol Koulajian
  119. 119Alex Greyserman
  120. 120William Poundstone
  121. 121Tom Golisano
  122. 122Robert Rosenberg
  123. 123Robert Sutton
  124. 124Alexander Osterwalder
  125. 125Tim Grover
  126. 126Charles Faulkner
  127. 127Alison Gopnik
  128. 128Robert Cialdini
  129. 129Paul Nurse
  130. 130Tucker Max
  131. 131Jeffrey Gitomer
  132. 132Alexander Elder
  133. 133Daniel Crosby
  134. 134Jason Fried
  135. 135Barry Ritholtz
  136. 136About Michael Covel
  137. 137Podcast
  138. 138Documentary Film
  139. 139Praise
  140. 140Testimonials
  141. 141Michael Covel Media
  142. 142Michael Covel's Blog
  143. 143Trading Systems & Course
  144. 144Newsletter
  145. 14576+ Countries
  146. 146X
  147. 147Instagram
  148. 148LinkedIn
  149. 149Pinterest
  150. 150Flickr
  151. 151Wikipedia