This is the first big book I read on trading. At first glance I thought I would fall asleep trying to read this thing. To my surprise, I find it extremely interesting and read it in no time at all. Love the stories of the famous trend followers and there successes and Misses and why. Also the book is filled with insightful quotes.

Anybody interested in trend following as a strategy then this book is for you.

P.S. For Investools followers you will find this book a little contradictive to what has been taught. Please bear in mind that this is a different strategy than you were taught and therefore has different rules it follows.

The cover of this book promises that it will show you how to apply trend following to your porfolio. "Covel walks you through the process, one step at a time, in plain English." This is misleading. Aside from a back test on some basic systems, there is no concrete discussion on how to trade trends in the entire book. The portraits of the major trend followers are not uninteresting, but Jack Schwager's Market Wizard series is far superior. Covel also goes to great lengths to "prove" that trend followers were on the winning side of all the major crises and meltdowns of the last decade (e.g. LTCM), but the only proof he offers is that a number of trend followers had gains in the months where others were losing. Much of the book is packed with statistical data on performance that might be of interest to someone writing a thesis on the subject. If that's who you are, buy the book, but don't expect much nuts and bolts information on making money in the market.