--- product_id: 43050613 title: "Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets" price: "€ 98.90" currency: EUR in_stock: true reviews_count: 13 url: https://www.desertcart.gr/products/43050613-trend-following-how-to-make-a-fortune-in-bull-bear store_origin: GR region: Greece --- # Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets **Price:** € 98.90 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets - **How much does it cost?** € 98.90 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.gr](https://www.desertcart.gr/products/43050613-trend-following-how-to-make-a-fortune-in-bull-bear) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Want to take the financial journey to a new investing philosophy that might very well affect the rest of your moneymaking life? No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide freaking awake. Trend Following reveals the truth about a trading strategy that makes money in up, down and surprise markets. By applying straightforward and repeatable rules, anyone can learn to make money in the markets whether bull, bear, or black swan―by following the trend to the end when it bends. In this timely reboot of his bestselling classic, Michael Covel dives headfirst into trend following strategy to examine the risks, benefits, people, and systems. You’ll hear from traders who have made millions by following trends, and learn from their successes and mistakes―insights only here. You’ll learn the trend philosophy, and how it has performed in booms, bubbles, panics and crashes. Using incontrovertible data and overwhelming supporting evidence, with a direct connection to the foundations of behavioral finance, Covel takes you inside the core principles of trend following and shows everyone, from brand new trader to professional, how alpha gets pulled from the market. Covel’s newest edition has been revised and extended, with 7 brand new interviews and research proof from his one of kind network. This is trend following for today’s generation. If you’re looking to go beyond passive index funds and trusting the Fed, this cutting edge classic holds the keys to a weatherproof portfolio. Meet great trend followers learning their rules and philosophy of the game Examine data to see how trend following excels when the you-know-what hits the fan Understand trend trading, from behavioral economics to rules based decision-making to its lambasting of the efficient markets theory Compare trend trading systems to do it yourself or invest with a trend fund Trend following is not prediction, passive index investing, buy and hope or any form of fundamental analysis. It utilizes concrete rules, or heuristics, to profit from a behavioral perspective. Trend Following is clear-cut, straightforward and evidence-based and will secure your financial future in bull, bear and black swan markets. If you’re finally ready to profit in the markets, Trend Following is the definitive treatise for a complex world in constant chaos. Review: You don't get it!!! - I usually don't write book reviews as I don't like to feed the mass hysteria, but I had to pay my respects to Mike without whom I would have been still stuck working for the man and would have lost whatever was left after the 2008 fiasco. I stumbled upon Turtle traders sometime in 2009 after losing more than half of my wealth in 2008. Before coming to a conclusion on how awful investor I would have been, I would like to tell that I had years of experience working in Investment banks and had pretty good idea of the markets and drank the same cool aid which my fellow traders drank. But unlike the big banks I didn't have the government save me when sh*t hit the fan. Now 9 years later, thanks to Mike and his books, I trade in 30 different markets while staying on a small island (literally) where nothing interesting happens. Due to him I was able to cut out the noise. I am not on Facebook, Twitter, Instagram, Reddit or any other mass hysteria channels. I don't watch CNBC or Bloomberg, unless there is nothing interesting on Netflix to watch and I need some entertainment. I made more money in times when everyone was bleeding and just to test my models even traded cryptos and made a bloody fortune there as well. What people don't get is that this book is not a handbook of trading. It is more like a map which will help you develop the thought process to become a system trader. Our problem today is we want handouts, ready formulae for milking the cash cow. But that's not how the world works. No one will give you their money making formula in a book. You have to go out and figure it out yourself. What this book can help you is to figure out the right path. The interviews in the new edition is pure gold. If you know what those legendary traders are saying, you will know they are giving out the secret in plain words, its up to the reader to comprehend. Finally I would like to say this book is like The Bible. Some people think its a storybook, some get inspired and some find God. P.S: I know many of the reviews book is not actionable and its true coz its not supposed to be actionable. Now if you decided to take the red pill and go down the rabbit hole, its going to take a lot of hard work. First thing (and the most difficult one) will be to throw out all your beliefs and start from scratch. Brush up or learn more about Statistics and Probability (tons of books and free courses out there) which is absolutely necessary. Learn more about Game Theory which I feel is very important. Then if you are still alive and want to get some more, I suggest these books for further reading 1. Thinking, Fast and Slow This is the base of Trend Following, understanding human behaviour. 2. Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts How to make decisions when you have limited variables you can control and no whatsoever no control on the outcome. 3. Trend Following with Managed Futures: The Search for Crisis Alpha (Wiley Trading) A book by Chief Scientist of ISAM and legendary Trend Follower which will be your induction to the world of Managed Futures 4. Following the Trend: Diversified Managed Futures Trading (Wiley Trading) A wonderful read on actual Trend Following 5. Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals (Wiley Trading) This one gets bit technical but this is the real deal. This book will dissect TA and help you decide how to evaluate strategies. This is a no BS book but you should be open to receive the knowledge 6. Trading Systems: A New Approach to System Development and Portfolio Optimisation This one is bit old but this one helped me a lot when I was building up my first system and the methods still hold good and will continue to hold good for any person starting out on the journey. Review: This is incredibly helpful for someone developing their own systems not because of any hot tips on programming your own system b - The new edition of Trend Following is a must have addition to any investment library. Where most other trading books review specific systems or techniques, Covel starts with the model of why trend following works and how it compares to other approaches. He backs up his views with case studies of successful trend followers with the notable addition of David Harding in this edition. In this edition Covel also adds interviews with some of the world's top trend following traders. This is incredibly helpful for someone developing their own systems not because of any hot tips on programming your own system but because it gives you an inside look at how some of the best think, approach problems, and what they seem to consider important and what they don't. If you read this interviews and don't walk away with a deeper understanding of what to focus on in your systems you just weren't paying attention. The last section of the book includes curated papers from traders around the world. This is incredibly helpful as it gives some examples of how to approach back testing and system design at a very tactical level and nicely rounds out the rest of the book. It also provides evidence that trends are a feature of markets that history suggests will not be arbed away. There are many books out there that talk through very specific trading rules or systems. Others describe discretionary traders with some magic sauce that can't be replicated. Trend Following gives you a framework to develop repeatable processes that make money in markets. ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #264,299 in Books ( See Top 100 in Books ) #11 in Futures Trading (Books) #15 in Commodities Trading (Books) #67 in Investment Analysis & Strategy | | Customer Reviews | 4.4 out of 5 stars 745 Reviews | ## Images ![Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets - Image 1](https://m.media-amazon.com/images/I/71iqCAzkK-L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ You don't get it!!! *by A***M on May 31, 2018* I usually don't write book reviews as I don't like to feed the mass hysteria, but I had to pay my respects to Mike without whom I would have been still stuck working for the man and would have lost whatever was left after the 2008 fiasco. I stumbled upon Turtle traders sometime in 2009 after losing more than half of my wealth in 2008. Before coming to a conclusion on how awful investor I would have been, I would like to tell that I had years of experience working in Investment banks and had pretty good idea of the markets and drank the same cool aid which my fellow traders drank. But unlike the big banks I didn't have the government save me when sh*t hit the fan. Now 9 years later, thanks to Mike and his books, I trade in 30 different markets while staying on a small island (literally) where nothing interesting happens. Due to him I was able to cut out the noise. I am not on Facebook, Twitter, Instagram, Reddit or any other mass hysteria channels. I don't watch CNBC or Bloomberg, unless there is nothing interesting on Netflix to watch and I need some entertainment. I made more money in times when everyone was bleeding and just to test my models even traded cryptos and made a bloody fortune there as well. What people don't get is that this book is not a handbook of trading. It is more like a map which will help you develop the thought process to become a system trader. Our problem today is we want handouts, ready formulae for milking the cash cow. But that's not how the world works. No one will give you their money making formula in a book. You have to go out and figure it out yourself. What this book can help you is to figure out the right path. The interviews in the new edition is pure gold. If you know what those legendary traders are saying, you will know they are giving out the secret in plain words, its up to the reader to comprehend. Finally I would like to say this book is like The Bible. Some people think its a storybook, some get inspired and some find God. P.S: I know many of the reviews book is not actionable and its true coz its not supposed to be actionable. Now if you decided to take the red pill and go down the rabbit hole, its going to take a lot of hard work. First thing (and the most difficult one) will be to throw out all your beliefs and start from scratch. Brush up or learn more about Statistics and Probability (tons of books and free courses out there) which is absolutely necessary. Learn more about Game Theory which I feel is very important. Then if you are still alive and want to get some more, I suggest these books for further reading 1. Thinking, Fast and Slow This is the base of Trend Following, understanding human behaviour. 2. Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts How to make decisions when you have limited variables you can control and no whatsoever no control on the outcome. 3. Trend Following with Managed Futures: The Search for Crisis Alpha (Wiley Trading) A book by Chief Scientist of ISAM and legendary Trend Follower which will be your induction to the world of Managed Futures 4. Following the Trend: Diversified Managed Futures Trading (Wiley Trading) A wonderful read on actual Trend Following 5. Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals (Wiley Trading) This one gets bit technical but this is the real deal. This book will dissect TA and help you decide how to evaluate strategies. This is a no BS book but you should be open to receive the knowledge 6. Trading Systems: A New Approach to System Development and Portfolio Optimisation This one is bit old but this one helped me a lot when I was building up my first system and the methods still hold good and will continue to hold good for any person starting out on the journey. ### ⭐⭐⭐⭐⭐ This is incredibly helpful for someone developing their own systems not because of any hot tips on programming your own system b *by A***R on May 15, 2017* The new edition of Trend Following is a must have addition to any investment library. Where most other trading books review specific systems or techniques, Covel starts with the model of why trend following works and how it compares to other approaches. He backs up his views with case studies of successful trend followers with the notable addition of David Harding in this edition. In this edition Covel also adds interviews with some of the world's top trend following traders. This is incredibly helpful for someone developing their own systems not because of any hot tips on programming your own system but because it gives you an inside look at how some of the best think, approach problems, and what they seem to consider important and what they don't. If you read this interviews and don't walk away with a deeper understanding of what to focus on in your systems you just weren't paying attention. The last section of the book includes curated papers from traders around the world. This is incredibly helpful as it gives some examples of how to approach back testing and system design at a very tactical level and nicely rounds out the rest of the book. It also provides evidence that trends are a feature of markets that history suggests will not be arbed away. There are many books out there that talk through very specific trading rules or systems. Others describe discretionary traders with some magic sauce that can't be replicated. Trend Following gives you a framework to develop repeatable processes that make money in markets. ### ⭐⭐⭐⭐⭐ The Trend Following Bible with Proof Included. *by T***S on July 8, 2017* Although I purchased this newest edition when it first came out, it took me a while to finish it. Not only because of the length but because there are so many ideas, information and illumination that I often went off on tangents of additional research and exploration. Some previous reviewers stole my lines but I'll go ahead and say them anyway... If previous editions were a wonderful introduction and overview of trend following, this 5th edition is the trend following bible. Unlike other bibles, this one has tons of proof to support the trend following philosophy. From interviews with top-performing traders who have used trend following to make fortunes to in-depth studies of trend following techniques, some of which go back as far as 800 years. For those of us who didn't do so well in Statistical Analysis 101, your eyes may glaze over in some parts of these studies but for the real quants out there, you'll love digging into the meat of it. Some of these studies and other ideas presented in this book even lead me to make some tweaks in my own trend following techniques. I highly recommend this book both to the novice trader looking for a solid foundation and to the seasoned professional who would like to improve their trading. Not every detail of a trading system is laid out for you. You're not going to get push-button riches. You might have to actually get off your butts and do some work but you'll have your start in the right direction if you pay attention. ## Frequently Bought Together - Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear and Black Swan Markets (Wiley Trading) - The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires - Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.gr/products/43050613-trend-following-how-to-make-a-fortune-in-bull-bear](https://www.desertcart.gr/products/43050613-trend-following-how-to-make-a-fortune-in-bull-bear) --- *Product available on Desertcart Greece* *Store origin: GR* *Last updated: 2026-10-06*