Everything you need to know about trend-following strategies for maximum returns!

Michael Covel, author of the international bestsellers "Trend Following" and "Turtle Trading" and founder of TurtleTrade.com, humorously unravels the truth about trend following and the problems with traditional investment methods through interviews with leading trend-following traders over the past 15 years.
This book is a must-read for investment professionals as it provides the simplest and most clear explanation of trend following techniques.
This book is for anyone who wants to make as much money as possible while avoiding big risks, and for anyone who wants to know what a trend-following strategy is.
This book is also for those who are fascinated by the mindset and outstanding profits of trend-following traders.
This book is for all investors and traders, regardless of investment size, age, or gender.

Want more confidence and new ideas for investing? Follow market trends now!

Let's talk about something that happened in the 20th century.
A famous trend-following trader was invited to a stock investment seminar.
The attendees fired off a barrage of questions.
“What about gold?” “What about the value of the Canadian dollar?” “When will the market reach a ceiling?” His answer was:
“I like gold.
“It’s shiny, pretty, and makes a great accessory.” “Well, I don’t know what will happen to the Canadian dollar.” The attendees were disappointed when they heard his answer.
Some people thought they had just wasted money.
But I can't give you a more accurate answer than that.
The problem was in the people's questions.
Instead of asking, “How do I know the trend is up?” we should have asked, “What do I need to look for to know that the current trend is up?”
Instead of asking, “How is gold?” you should have asked, “Am I trading gold correctly?”

The trend-following trader gave his answer in a way that left the questioner to reflect on himself.
But most people did not understand his intentions.

- 80p.
[Predictions are forbidden!]


Let's take real estate investing as an example.
In the spring of 2003, I purchased a property worth $900,000.
By January 2008, it was estimated to be worth approximately $1.2 million and was being sold for $1.3 million.
However, as the real estate market began to decline in 2008, the desired purchase price fell to $900,000 at best.
Ultimately, the final sale price was set at $1.01 million.
After deducting the purchase cost, it was really a meager profit.
One lesson learned here.
It doesn't matter at all how much I paid for it.
What matters is how much the buyer is willing to pay.
In other words, it is the market price.
Let go of the thought, 'I should at least get this much.'
The same applies when investing in financial assets.
Let's say you entered the market at $50 and the current price is $100.
It wouldn't make much of a difference if it entered at $52 or $60.
Even if you entered at $70, you would have made a significant profit if the market price were $100.
Most investors think, "$52! It's too expensive! I can never get into it."
However, it is much better to buy at $70 and take the opportunity to sell at $100 than to wait for the price to drop again.
In other words, if you enter while riding the trend, the timing of your entry is not that important.

- 107p.
[How to enter]


It is no exaggeration to say that this book was written to explain various obstacles that hinder learning trend following techniques.
Why do investors spend all day listening to the predictions of so-called market luminaries? Do they think, "If I just listen to the experts, I could make millions"? Do they think, "Their predictions about Google seem right, but is now a good time to invest?" Or do they believe, "The experts on TV are always right!"?
A famous person advised me to buy gold.
So, isn't the advice "now is the time to buy gold" a worldwide sensation? And let's assume you actually bought gold.
So, when it comes to selling gold, do you wait for an expert to give you a signal? Or do you buy, believing that gold prices will never fall and therefore there's no reason to sell?
- 191p.
[Hero Worship]


To define it, I will explain two characteristics of trend following techniques.
The first is the psychological aspect of human beings.
Keynesians described this as an 'animal spirit' that is deeply rooted in the human mind.
This type of trend following is short-term, inductive, realistic, and constantly changing.
It is also a way to quickly accept environmental changes.
Human psychology tends to follow trends not only in finance but also in many other fields, including music, art, clothing, and worldview.
The second characteristic is completely different from the first.
Meta-level, that is, the external aspect of human beings, objectively observing the market while leaving aside the practical and psychological causes and effects.
This is to plan in advance how to respond wisely to changes in the market.
If you are a trend-following trader, this is something you must do and always do.

- 284p.
[The Origin of Trend Following Techniques]

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