Summary of Trend Following

How Great Traders Make Millions in Up or Down Markets

FT Prentice Hall, more...

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Trend Following book summary
Trend followers heed the market, and buy or sell according to its signals and their own strict discipline.


7 Overall

6 Applicability

7 Innovation

8 Style


This is a book very much in the tradition of Jack Schwager’s Market Wizards. Like Schwager, author Michael Covel interviewed a number of great traders and attempted to capture the essence of each trader’s approach to trading. The author does a good job of presenting the basics of trend following. Though much of what he says will come as no news to anyone who has read very widely in the literature of trading, his liberal quotations from other authors enliven what would otherwise be an uphill read. The author has a good eye for a snappy quote, and believes that even if you buy this book only for the quotations, you will certainly get your money’s worth. What you earn from following the trend masters’ stock tips is entirely up to you.

In this summary, you will learn

  • How the great trend followers win fortunes in the markets; and
  • What tips and directions trend followers offer so you can learn to invest as they do.


Trend Following
Trend following is the most consistently successful trading style of all time, yet trend followers are virtually unknown. The press ignores them, probably because trend followers defy conventional wisdom about trading and finance, and possibly because many of them shy away...
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About the Author

Michael Covel is president of He is also managing editor of, a leading trend-following news and commentary resource.

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