A Few Notes on Trend Following
July 12, 2017 - Big Ideas, Strategic Allocation
Michael Covel prefaces the 2017 Fifth Edition of his book, Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets, by stating that: “The 233,092 words in this book are the result of my near 20-year hazardous journey for the truth about this trading called trend following. …Trend following…aims to capture the majority of a connected market trend up or down for outsize profit. It is designed for potential gain in all major asset classes–stocks, bonds, metals, currencies, and hundreds of other commodities. …if you want outside-the-the-box different, the truth of how out-sized returns are made without any fundamental predictions or forecasts, this is it. And if you want the honest data-driven proof, I expect my digging will give everyone the necessary confidence to break their comfort addiction to the box they already know and go take a swing at making a fortune…” Based on his experience as a trader/portfolio manager and the body of trend following research, he concludes that: Keep Reading