Category: Endorsements

Howard Lindzon Creator of Wallstrip

September 24, 2007

Howard Lindzon is definitely a blackberry guy. He is also the creator of Wallstrip and runs a fund of funds. In his best blackberry brevity he offered positive feedback on "The Complete TurtleTrader":

"Loved it as did my wife. Congrats."

Bill Miller of Legg Mason on 'The Complete TurtleTrader'

September 09, 2007

A nice comment from Bill Miller about my new book The Complete TurtleTrader:

"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, 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, Chairman and Chief Investment Officer,
Legg Mason Capital Management

More on Miller.

Homework Never Ends

November 30, 2005

"Michael, your book Trend Following is outstanding. I have 5 speaking dates in early 2006 and I will give all of the attendees some homework...telling them that [they] must read your book. I thought that homework would end when I got out of school, but I know that doing homework never ends...Thank you for the education. In addition to being a Market Timer I am now a Trend Follower. Your book is a must read for every investor. Well done."
Jim Rohrbach
Founder and President
Investment Models, Inc.

Futures Japan Magazine

October 19, 2005

The lead story (and review) appearing in the October 2005 edition of Futures Japan Magazine is about about Trend Following: How Great Traders Make Millions in Up or Down Markets.

If you are not in Japan you will need the correct language support kit installed for your PDF reader.

Emotional Feedback

September 07, 2005

Feedback received today from a client:

"Dear Michael, this is more of a commentary than a question. I just want to express my recent experiences and place a large exclamation point on being ready to accept losses prior to opening a trading account. My experience has been that due to the nature of any trading that cuts losses short and allows winners to run, a great percentage of the initial trades could very well show up as losses and upset a traders psyche..."

Continue reading Emotional Feedback »

Tim Knight of Prophet.net

August 24, 2005

Tim Knight, the founder of Prophet.net, offered the following words about my book Trend Following recently:

"I also wanted to suggest a book I finished reading yesterday - Trend Following. You can learn about it on Michael Covel's site. I have no affiliation with the author, but I think it's a terrific read. The web site is pretty interesting as well!"

Turtle Endorsement

July 17, 2005

While my book Trend Following rightfully heaps praise on the Turtles who have had great success, it also casts doubts on those Turtles who became con men. However, the ones who have made "it" appreciate the book. Here is some private feedback from one of the few great ones. This trader has nearly a 20-year record of damn good performance:

"I enjoyed Trend Following very much and thought you did an excellent job on it. Best wishes for continued success, Michael."
XXX
President
XXX Capital Management

From A New Fund Manager

May 07, 2005

Feedback from a reader:

"Michael, I just picked up the new SFO dedicated to trend following. Your article was with out a doubt one of the best articles to appear in SFO in a long, long time...[also] thank you for writing the book [Trend Following]. Since my beginnings in the commodity industry as a retail broker 4 years ago I could never put the words down to explain the way I view the markets. Reading your book solidified my feelings and has been one of the motivating factors in my decision to start a [fund]...I have lost count of how many times I have lent out my copy or recommended it to people who want to make a living in the market. After 4 years it still amazes me how many people discount the idea that price is the only thing that matters."
Bobby F.

Mark M. Rostenko Endorsement

November 29, 2004

"What Edwards and Magee did for technical analysis and Benjamin Graham did for fundamental analysis, Michael Covel has achieved for the art of following trends. Arguably the definitive text on this style of trading, Trend Following covers all the bases from human behavior to systems trading, while debunking many prevalent misconceptions about what it really takes to make money. Covel gives it to you straight: what works, what doesn't, and how outsized gains are earned, straight from the mouths of the world's top traders. If you want the "quick path to easy trading success", look elsewhere (And good luck to you!). But if you want a real education in what it takes to capture huge market gains over time, read this book."
Mark M. Rostenko
Editor, The Sovereign Strategist

Michael Panzner Endorsement

October 28, 2004

"At a time when the conventional wisdom is often wrong and many traditional indicators have lost their relevance, it's good to know there is resource out there that traders can depend on. With its timeless wisdom and valuable insights on making money, Michael Covel's Trend Following is definitely your friend."
Michael Panzner
Author of The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World

Marc Faber Endorsement

October 20, 2004

"As a contrarian investor I have been skeptical by default of trend following models. Still, after reading Michael Covel's excellent and eye opening book about some professional traders, who with iron discipline follow market trends up and down and in the process achieve impressive capital gains, I find myself more inclined to endorse a trend following approach to investments. In fact, I wished that at times I would have had the kind of discipline the trend followers have in terms of entirely reversing their investment positions once the trend dictated such a posture. I think that Michael's Trend Following is an outstanding read from which all investors can learn to trade markets better by limiting their risks and maximizing their profits through a more disciplined approach to investments."
Marc Faber
Managing Director, Marc Faber Limited
Editor, Gloom, Boom & Doom Report

Howard Simons Endorsement

October 01, 2004

"The toughest play in baseball is to catch a ball hit directly at you. The toughest thing for any trader is to stay with the trend. The temptation always is to get fancy, to fade the long-term move, to pretend that you are smarter than the market somehow. The big money is made by identifying the trend and sticking with it no matter what. Michael Covel has written an indispensable work to help you do just that."
Howard Simons
President, Rosewood Trading, Author and Trading Consultant


Howard Simons

Howard L. Simons is a Contributing Editor of Futures Magazine, wherein he has published more than ninety articles since 1994, and writes the weekly Futures Shock column for TheStreet.com, on which he has published more than 200 articles. He served as a professor of finance at the Illinois Institute of Technology from 1994 through 2003, where he taught classes in futures markets, market analysis and trading system design, fixed income trading stratgies, energy market derivatives and advanced topics in market analysis. Mr. Simons' educational background includes as BA in international relations from the Johns Hopkins University, a MA in international economics from the Johns Hopkins School of Advanced International Studies, and a MBA in finance and econometrics from the University of Chicago.

Peter Navarro Endorsement

September 22, 2004

"The only two tests of a really good trading book are: Will it help you make money? Will it help you cut your losses. Trend Following passes both tests with flying colors. It has a clarity that is compelling. While it discounts what I regard to be the useful role of macro analysis in understanding the origins of trends, it nonetheless reinforces the most important rule in sound trading -- trade with the trend -- in a way that triumphs. Last take: If you are a quote junkie like me, the quotes alone are worth the modest admission price."
Peter Navarro
Professor of Economics and Public Policy
Graduate School of Management
University of California, Irvine
Author of When the Market Moves, Will You Be Ready?

Larry Connors Endorsement

September 09, 2004

"Michael Covel's book is the definitive guide to trend trading. Backed by real world results from some of the biggest and best money managers in the United States, his book will put you on the path to successful trend trading."
Larry Connors
CEO, TradingMarkets.com

Laurence A. Connors is the Chairman and CEO of The Connors Group, Inc., a financial markets information company that he founded in 1998 and which operates the TradingMarkets.com website. He is also the Managing Partner of Connors Capital, L.L.C., a private investment company. Mr. Connors has authored a number of top-selling books on market strategies and volatility trading.

John Boik Endorsement

September 01, 2004

"Trend Following is a great resource for all future successful traders. It covers the four bases of successful trading using real-world success stories:
1.) Follow the trend of the market; don't waste time trying to predict it
2.) Have sound money management rules, especially a strict loss-cutting policy
3.) Be disciplined by implementing proven trading rules
4.) Have the patience to wait for the right opportunity
Michael Covel has hit for the cycle with Trend Following."
John Boik
Author of Lessons from the Greatest Stock Traders of All Time

Woody Dorsey Endorsement

August 16, 2004

"Trend Following by Michael Covel explains the wisdom behind the trending function of the markets. The practical application of this philosophy is based on the pervasive logic of price behavior. Market Stories and Market theories will come and go but trends will remain. Follow them...and study this book."

Woody Dorsey
Author of Behavioral Trading and creator of Market Semiotics

Trend Following Endorsements

July 17, 2004

"Michael Covel's Trend Following: Essential."
Ed Seykota
Trend Follower for 35 years, Incline Village, NV
The Trading Tribe
Ed was originally profiled in The Market Wizards by Jack Schwager


Ed Seykota

"Covel has created a very rare thing - a well-documented and thoroughly researched book on trend following that is also well-written and easy to read. It touches on a wide variety of the principles and practices which make for successful trend following. This is one book that traders at all levels will find of real value."
John Mauldin
Millennium Wave Investments, Arlington, TX
Author of Bull's Eye Investing and editor of Thoughts from the Frontline

"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, Ph.D.
Author of Trade Your Way to Financial Freedom
President, International Institute of Trading Mastery, Inc.
Van was originally profiled in The Market Wizards by Jack Schwager


Van Tharp

"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 a part of an overall portfolio strategy."
Tom Basso
Retired CEO, Trendstat Capital Management, Inc., Scottsdale, AZ
Tom was originally profiled in The New Market Wizards by Jack Schwager

"Michael Covel has written the definitive book on trend following. With careful research and clear insight he has captured the essence of the most successful of all trading strategies. Michael knows his subject matter and he writes about it with passion, conviction and enthusiasm. This enjoyable and well written book is destined to become a classic."
Charles LeBeau, Rolling Hills Esatates, CA
Co-author of Technical Traders Guide to Computer Analysis of the Futures Markets


Chuck LeBeau

"Michael Covel mixes a unique blend of trend following matters with the thoughts and quotes of successful traders, investors and society's leaders. This is a valuable contribution and some of the best writing on trend following I've seen."
Robert (Bucky) Isaacson, Woodside, CA
Managed Money and Trend Following Pioneer for 30+ Years
More on Isaacson

"Michael Covel's Trend Following is a breakthrough book that captures the essence of what really makes markets tick. Diligently researched and comprehensive in scope, it will replace Market Wizards as the must-read bible for a new generation of traders."
Jonathan Hoenig
Portfolio Manager, Capitalistpig Hedge Fund LLC, Chicago, IL
Fox News Contributor


Jonathan Hoenig

"Trend Following: Definitely required reading for the aspiring trader."
David S. Druz
Tactical Investment Management
Trend Follower for 25 years, Haleiwa, HI

"Michael Covel reveals the real secret about trading - that there is no secret. His points are peppered with wisdom from experts across the industry."
John Ehlers
President, MESA Software

"Trend Following by Michael Covel? I'm long this book."
Bob Spear, Annapolis, MD
Developer of Trading Recipes Software

"Trend Following is an engrossing and educational journey through the principles, pitfalls, players and psychology of aggressive technical trading of the investment markets. Rich in its wisdom and historical study."
Gerald Appel
President, Signalert Corporation

"Those who seek shall find, and once they find they will be disturbed, when they are disturbed they will marvel and reign over all. This was written 2000 years ago by St. Thomas and still holds true today. If you do not focus on your own path to discovery you will not succeed as a trader. Michael Covel's book certainly places you on the correct path and focuses in the right direction. A fair wind to all that sail those pages."
Arthur Maddock, Naxos, Greece
President, Portara Capital Offshore

John Mauldin Endorsement

June 18, 2004

John Mauldin of Millennium Wave Investments offered this endorsement of Trend Following:

"Covel has created a very rare thing - a well-documented and thoroughly researched book on trend following that is also well-written and easy to read. It touches on a wide variety of the principles and practices which make for successful trend following. This is one book that traders at all levels will find of real value."
John Mauldin
Millennium Wave Investments


Author of Bull's Eye Investing and editor of Thoughts from the Frontline

David Druz Endorsement

June 08, 2004

David Druz, a long-time trend follower, offered this endorsement of Trend Following:

"Trend Following: Definitely required reading for the aspiring trader."

David S. Druz
Tactical Investment Management
Trend Follower for 25 years, Haleiwa, HI

David S. Druz was formally educated in engineering, with an emphasis in computer science, and in medicine. While pursuing his education, Dr. Druz became fascinated with markets and market theory and began managing his own futures account in 1975. He developed the Tactical Trading System over the next five years. While in college he worked part time in the research department of a Futures Commission Merchant. Thereafter he pursued a dual career in futures investments and medicine from 1975 until 1991 when he retired from medicine to devote his time fully to Tactical Investment Management Corporation which he founded in 1980. Dr. Druz is considered to be an authority on trading systems and is often consulted in regard to their construction, testing, and implementation

Van K. Tharp Endorsement

Van Tharp, originally profiled in The Market Wizards, offered this endorsement of Trend Following:

"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, Ph.D.

In the unique arena of professional trading coaches and consultants, Van K. Tharp stands out as an international leader in the industry. Helping others become the best trader or investor that they can be has been Tharp's mission since 1982. Dr. Tharp offers very unique learning strategies, and his techniques for producing great traders are some of the most effective in the field. Over the years Tharp has helped people overcome problems in areas of system development and trading psychology, as well as in success related issues such as self-sabotage. He is the founder and president of the International Institute of Trading Mastery, Inc., dedicated to offering high quality products and services for traders and investors.

Tharp uses a combination of skills and education to fine-tune his strategies to coach, consult and teach traders and investors. He received his Ph.D. in psychology from the University of Oklahoma Health Science Center in 1975. He is a certified as a Master Practitioner of NeuroLinguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based.

Dr. Tharp is the author two acclaimed books published by McGraw Hill; Trade Your Way to Financial Freedom, and Financial Freedom Through Electronic Day Trading.

In addition, Tharp is the only trading coach featured in Jack Schwager's best selling book, The Market Wizards: Interviews with Great Traders. Tharp has published numerous articles in various industry publications and has been featured in publications such as Forbes, Barron's Market Week, Technical Analysis of Stocks and Commodities, Investors Business Daily and Futures and Options World, just to name a few.


Tom Basso Endorsement

June 02, 2004

Tom Basso was originally profiled in The New Market Wizards by Jack Schwager. He recently offered the following endorsement of Trend Following:

"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 a part of an overall portfolio strategy."
Tom Basso
Retired CEO, Trendstat Capital Management, Inc., Scottsdale, AZ

John Ehlers Endorsement

May 21, 2004

A long time author in the field of technical analysis, John Ehlers offered this endorsement of Trend Following: How Great Traders Make Millions in Up or Down Markets:

"Michael Covel reveals the real secret about trading - that there is no secret. His points are peppered with wisdom from experts across the industry."
John Ehlers

I thank John for talking the time to offer feedback!

Robert (Bucky) Isaacson Review

May 19, 2004

I am honored to offer an endorsement from Robert (Bucky) Isaacson for Trend Following:

"Michael Covel mixes a unique blend of trend following matters with the thoughts and quotes of successful traders, investors and society's leaders. This is a valuable contribution and some of the best writing on trend following I've seen."
Robert (Bucky) Isaacson

Bucky currently runs Future Funding Consultants and is a member of the Board of Directors of the National Introducing Brokers Association. A true pioneer, in the early 1970s he teamed with Keith Campbell and Chet Conrad to help launch one of the first trend following commodity funds. Today, Keith Campbell's company is considered one of the most successful trend following firms. Futures Magazine was blunt about Isaacson's pioneering role:

"There also was the launch of commodity funds by Richard Donchian and an industry that was developed by a small band of traders, including Robert "Bucky" Isaacson, Keith Campbell..."
Futures Magazine
February 2002

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Ed was originally profiled in The Market Wizards

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