Blogcritics.org: Review of 'Trend Following' http://blogcritics.org/archives/2004/08/19/200446.php A sinister cabal of superior bloggers on music, books, Search film, popular culture, and technology - updated Go continuously. « Questions for Vets for Kerry || Home || Word Wars » Sponsored adstrip » Full Olympics Medal Table Country G S B T CLICK here to become China 15 9 8 32 the Blogcritics sponsor United States 14 11 10 35 Japan 9 4 2 15 Blog: contraction of Australia 7 5 8 20 "web log," i.e., Italy 5 6 3 14 personal journalism France 5 3 5 13 web site. Review of 'Trend Following' Ukraine 5 1 1 7 + Critics: those who Posted by Michael Seneadza on August 19, 2004 08:04 PM (Seeall Russia 4 8 10 22 discuss and evaluate posts by Michael Seneadza) Germany 4 3 7 14 cultural artifacts. Filed under: Books, Books: Business, Books: Nonfiction Turkey 3 0 1 4 = Blogcritics.org: News and reviews of popular culture by over 500 superior bloggers. From the moment I first heard about Michael Covel's Editor: 'Trend Following: How Great Traders Make Millions in Up or MARK SALESKI'S Eric Olsen (contact) Down Markets' I knew I'd like the book. Now that I've read FRIDAY MORNING Administrator: it I can safely say that this book is a classic and a LISTEN Phillip Winn (contact) must-read for anybody involved with the markets -- even Code Doctor: ELECTION 2004 TDavid those of you who are just blindly plowing money into your retirement accounts. ONGOING STORIES Comment Czar: ABOUT THE CAMPAIGN Justene Adamec AND ELECTION (contact) I'd put 'Trend Following' right up there with other Sales: essential reads like the 'Market Wizards Series' and INDULGE YOURSELF! Craig Lyndall (contact) 'Reminiscences of a Stock Operator'. (There's a reason And get great gifts by why the book has received so many accolades and is a shopping for your Syndicate top seller.) Like the 'Market Wizard' books, 'Trend music, books, videos, Blogcritics.org games, gadgets and RSS Following' reveals the methods of some of the greatest whatnot here. Just traders in history. The difference being that 'Trend click on the AMAZON Following' examines the best of the best, who all happen links at the bottom of to be trend followers. Some of the traders who are profiled each story. are: Bill Dunn, who has returned 24% for 28 years; John Ads and sponsorships W. Henry , owner of the Boston Red Sox, who returned 21 BLOGCRITICS.ORG MERCHANDISE Don’t Pardon Big times the S&P 500 from 1998 through 2003; and Ed Tee's, sweatshirts, Tobacco Seykota, who is very likely the greatest trader in history as mousepads, coffee evidenced by his just under 60% average annual return mugs with that cool from 1990 to 2000. 'Trend Following' reveals the simple Blogcritics logo - get method which all of these traders used to achieve such 'em while they're hot, spectacular results. and cool, and stuff. CONTRIBUTE Covel takes no prisoners in showing why trend following is Help Blogcritics.org the superior trading methodology. He lays waste to all continue its tradition of other styles of investing/trading -- 'buy & hold' (Warren existence by donating Buffett fans will just love chapter 9), fundamental to the cause. analysis, or even (gasp!) technical analysis. I've always been a proponent of simplifying things and it's the simplicity that I love about trend following. Trend followers THANK YOU VERY MUCH! focus mainly on price itself to determine when to enter On September 13, and exit trades and they'll go short just as easily as going NEW RELEASES 2004, the U.S. long. The book illustrates how that methodology has CDs by Al Barger Department of allowed them to make huge profits from some of the DVDs by Duke De Justice’s lawsuit greatest financial disasters of modern times such as the Mondo Enron debacle, the collapse of Long Term Capital against Big Tobacco Blogcritic Al Barger - Management, the 1997 Asian Contagion, the 1987 stock will go to trial.Don’t LIBERTARIAN market crash, or the popping of the NASDAQ bubble. If let Big Tobacco off the CANDIDATE FOR THE you look at charts of any of those events you'll see that U.S. SENATE FROM THE hook. the markets were already trending down before the GREAT STATE OF Read more... events took place. Trend followers were already INDIANA positioned to profit because price told them to be short -- Be Heard! there was no magic formula. Recent comments: Blogcritics.org: Review of 'Trend Following' http://blogcritics.org/archives/2004/08/19/200446.php On Michael Phelps BORGEN PROJECT The book also explores the mindset and traits of a makes us proud by successful trader via discussions of human behavior, Eric Olsen he seems extremely decision making and the science of trading. The good-natured and culmination of the book is a chapter devoted to level-headed -... [more] developing a trading system, complete with a discussion of two topics that I'm always thrilled to see -- position sizing On Why do you HATE and expectancy. Bush? by Mike Kole Boom: "I was trying to If you want to improve your trading results I highly state that I don't believ... [more] suggest that you study this book. On Keeping Count in World's largest military Iraq by Shark P.S. One thing that the book left me wondering is how the ...my typo errors being budget: average person can take advantage of the trend following an obvious exception... $401 billion- U.S. money managers who were profiled. I'd like to know if ... [more] there are trend-following funds that people could put their On Questions for Vets Nations of concern: IRA money into, or does one need to be an accredited for Kerry by Shark $4.8 billion- Iran investor to buy into those funds. I plan to find some ...and a video of Bush $2.1 billion- North answers to those questions forthwith. anywhere near Vietnam has y... [more] Korea Update: Good news, apparently the average Joe can $1.4 billion- Iraq access at least some of these funds. Mr. Covel just sent On On (pre-war) me the following info about John Henry funds: Anti-Americanism by Bernard $1.0 billion- Syria Aboriginals in Canada? $0.8 billion- Cuba "But smaller investors can buy into a fund of Really? Outside of that funds that divides its money among several ... [more] futures funds that may vary by risk profile and Top U.S. Military type of investment. The cost of entry is as low On "Social Security," Contractor as $5,000 ($2,000 for an individual retirement the ultimate ripoff $22 billion- Lockheed account), with fees that run about 1% of assets pyramid scheme by Bernard Martin and up to 2.5% of profits. The top performers You are right. You never this year in this group are John W. Henry's Read more... did say that and I am a Millburn series of funds, with a 29% return, and l... [more] the Dean Witter Portfolio Strategy Fund, up 28%." On Old 97's - Drag It Up by dw BusinessWeek Bill -- good point. I was going to say "towards be... [more] DECEMBER 29, 2003 On Be Quiet, Stupid Originally posted on TraderMike.net Hippies by Douglas Mays To stay on subject and Go to Blogcritics.org for more fine reading, or respond to comments: scroll down to see comments on this story and hhhmm... 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