Michael Covel: News & Info.

Where do trends come from?

“No matter what the models say, traders are not machines guided by silicon chips; they are impressionable and imitative; they run in flocks and retreat in hordes.”
Roger Lowenstein
When Genius Failed: The Rise and Fall of Long-Term Capital Management

Succeeding with Emotional Intelligence.

It’s not easy to be ahead of Jim Rogers when it comes to selling books, but for the moment Trend Following (#219) is ranked ahead of Jim Rogers’ Hot Commodities (#234) on Amazon in their sales ranking of all books.

A column in a Japanese daily newspaper that I am writing.

Additionally, the translated Japanese version of Trend Following is now available.

A recent interview with Bloomberg Radio (6.5 MB MP3 audio file) and Mike Covel about trend following.

Here is a sample of some stock market marketing aimed at kids. Dollar cost averaging, as pointed out in Trend Following, is also known as losers average losers.

Amazon book ranks for Trend Following across categories today:

#510 > All Books
#77 > All Books > Business & Investing
#12 > All Books > Business & Investing > Investing
#2 > All Books > Business & Investing > Investing > Stocks
#2 > All Books > Business & Investing > Investing > Futures
#1 > All Books > Business & Investing > Investing > Options

June 2005 Cover

Nearly 13 months after release Trend Following continues to reach a wide audience. Amazon sells millions of different books and today Trend Following was ranked #764 of all books available. Thanks for the continued support. As always your feedback and comments, both positive and negative, are welcomed.

I interviewed a Miami area trend follower in his office this past Friday. While a younger man in terms of age, he has a track record exceeding 20% per year dating back to the early 1990s. He manages nearly $500M USD for clients.

In a surprising way, he quickly jumped into the philosophical elements of trend trading. All he could do was shake his head when I mentioned that some people still feel his kind of trading is bogus. “Do they not add up the profits” was his paraphrased response back.

He did drive home a crucial point about diversification from his perspective. Essentially he said, “what is the point of diversification if you can simply ride the big trenders each year while excluding the losers from your portfolio?” Of course this really would be the Holy Grail of trading, but perhaps as this trader hinted “some” are headed there as we speak.