Trend following is a trading strategy that consists in identifying the direction that certain security is taking by using technical analysis tools. If a security is about to change its direction from a downward trend to an upward trend, traders who engage in trend following will intend to identify certain trade signals that could be pointing to this shift to enter the position in a way that produces a profit.
Trend Following: Learn to Make Millions in Up or Down Markets
Michael Covel is the author of this popular book about trend following written in 2009 and published by the Financial Times Press. The book is a bestseller ever since it was published and it provides traders with the mindset, systems, and approaches that are necessary to produce profitable trading results.
Following the Trend: Diversified Managed Futures Trading
This trading book was written by Andreas Clenow, a seasoned hedge fund manager, and it was published by Wiley in 2012. In this publication, Mr. Clenow addresses the trend following practice by analyzing the successful techniques employed by certain hedge funds and professional traders who have been producing profitable results through their trading techniques, even during some of the most profound financial and market crisis.
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
Another Michael Covel’s masterpiece published by HarperBusiness in 2007 that covers how a group of amateur traders made millions through trend following techniques after being personally mentored by seasoned investor Richard Dennis.
The Little Book of Trading: Trend Following Strategy for Big Winnings
This is a compilation of both’s Mr. Covel’s trading expertise and insights from other legendary traders that intends to teach how those who are new to the trading endeavor can beat the market by using a certain set of tools that will allow them to outperform today’s underperforming mutual fund industry.
Stocks on the Move: Beating the Market with Hedge Fund Momentum Strategies
Stocks on the Move is one of Clenow’s most recent publications, where he studies stock investing and how traders can profitably employ momentum strategies to outperform the market and mutual funds.
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.