Michael W. Covel (born September 1, 1968) is an American author, entrepreneur, and film director.Torbenson, Eric.Why We Shouldn’t Bail Out The Big Three Automakers New York Post. November 16, 2008.Michael Covel OVGuide. In 1996, he co-founded TurtleTrader.com, later expanded into TrendFollowing.com, a popular online resource focused on investment style known as trend following, which allows investors to profit in both up and down markets.Michael Covel: Trend Following Ambassador Hedge Fonder. January 9, 2011.Kahn, Michael.The Trend Is All Right Barrons. September 23, 2009.Michael Covel Financial Gurus.
Early life Covel was born in Quantico, Virginia. He graduated with a B.A. in Politics and Government from George Mason University and received his M.B.A. from Florida State University.
Career
Writing Trend Following Covel's first book was Trend Following: Learn to Make Millions in Up or Down Markets (FT Press, April 2004, Nov. 2005, Mar. 2007, Mar. 2009) featuring traders David Harding, John W. Henry, Ed Seykota, Richard Donchian, Jesse Lauriston Livermore and Larry Hite, among others.Covel, Michael (2009). Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets (FT Press; 1 Updated edition, February 25, 2009). (English) (English).Rudawsky, Gil.Mystery Trader in Stock Market Crash Outed Yet Questions Remain DailyFinance. May 14, 2010. The book analyzes years of detailed performance data to demonstrate that trend following works.Book Description Amazon. The book was an immediate international bestseller, with over 100,000 copies sold to date.Michael Covel Books Michael Covel. It was first published by Financial Times Press on April 23, 2004.
The Complete TurtleTrader The Complete TurtleTrader: The Legend, the Lessons, the Results (HarperBusiness, October 2007) tells the story of Chicago commodities trader Richard Dennis, along with an oral history of the investment world in the late 20th century.Review: The Complete Turtle Trader “The Simple Dollar”.Pressley, James. Richard Dennis, Prince of Chicago Pit, Taught Turtles to Trade. Business Insider. November 1, 2007. The book reviews an experiment conducted by Dennis and then partner William Eckhardt in 1983 with "the Turtles,"Covel, Michael, The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, October 2007) / a group of novices turned top traders based on Dennis' trading advice.Steenbarger, Brett. Turtle Trading Lessons From Michael Covel, TradeFeed, October 2007. The title refers to a strategy that is based on technical analysis of market prices and is used by traders who aim to ride on market trends.Boon, Rachel Investment author 'trending' in S'pore AsiaOne Business. February 3, 2016Interview With Michael Covel: Masters in Business (Audio) Bloomberg. February 3, 2016 Covel has cited Jack Schwager’s book Market Wizards as partial inspiration for the book.Ritholtz, Barry Michael Covel Demystifies Trading Bloomberg View. February 3, 2016
Other Books In June 2011, Covel released Trend Commandments: Trading for Exceptional Returns, as a trend following primer for novice traders.Covel, Michael. Trend Commandments: Trading for Exceptional Returns. FT Press, 2011.Staller, Kate. Forget All You Know About Investing. Forbes. October 25, 2011. In August 2011, Covel released The Little Book of Trading: Trend Following Strategy for Big Winners, which teaches the average person investment practices claimed to beat the market, regardless of the financial climate.Nyaradi, John. The Little Book of Trading: Interview with Michael Covel . The Wall Street Selector. September 14, 2011.Covel, Michael. The Little Book of Trading: Trend Following Strategy for Big Winnings (Little Books. Big Profits). Wiley Publishing, 2011.Pierce, Jeff. The Little Book of Trading: Trend Following . Business Insider. August 13, 2011.Skypala, Pauline. Secrets of winning systems remain hidden. Financial Times. June 9, 2012. Covel's books have been translated into more than 10 languages.Trend Commandments (German). MichaelCovel.com. March 7, 2012.
Film Broke: The New American Dream Covel directed the documentary film Broke: The New American Dream, which premiered on Discovery Channel. It covers many economic themes,The Little Book of Trading: Interview With Michael Covel. Seeking Alpha. September 15, 2011. including the 2008 United States housing bubble, stock-market volatility, and growing economic uncertainty.Hoenig, Jonathan, New Movie Challenges Biz Pundits, SmartMoney.com, Dec. 2008. In the film, Covel interviews financial and economist figures like Harry Markowitz, Vernon L. Smith, Mark Mobius, David Harding, Michael Mauboussin, Larry Hite, Peter Borish, Richard Baker, Barry Ritholtz, Chris Van Hollen, and Eric Bolling. The film criticizes financial news networks like CNBC, stating that they cater to an audience of news junkies in an attempt to score ratings.Farina, Deleela.Broke: The New American Dream BloggingStocks. July 21, 2009. The film also analyzes behavioral finance, and critiques Americans for not taking personal responsibility for their investment decisions.Martin, Michael.Broke: The New American Dream Huffington Post. July 5, 2009.
Publishing history
Books 2004: Trend Following: How Great Traders Make Millions in Up or Down Markets 2005: Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition 2007: The Complete TurtleTrader: The Legend, the Lessons, the Results 2009: Trend Following: Learn to Make Millions in Up or Down Markets, Updated Edition 2009: The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires 2011: Trend Commandments: Trading for Exceptional Returns 2011: The Little Book of Trading: Trend Following Strategy for Big Winners 2012: Trend Following Analytics: Performance Proof for the World's Most Controversial and Successful Black Swan Trading Strategy 2017: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets, 5th Edition 2021: Trend Following Mindset: The Genius of Legendary Trader Tom Basso 2023: Trend Following Masters - Volume 1: Trading Conversations 2023: Trend Following Masters - Volume 2: Trading Psychology Conversations
Films 2011: Broke: The New American Dream
Podcast 2012-2024: Michael Covel’s Trend FollowingGray, Wesley.5 Investing Podcasts You Should Listen To The Wall Street Journal. December 6, 2016. Apple Podcasts.
References
External links
Trend Following Gray, Wesley (Dec. 2016). 5 Investing Podcasts You Should Listen To, Wall Street Journal. Hogan, Mike (Nov. 2010). Making the Trend Your Friend, Barrons. Torbenson, Eric (Nov. 2008). Why We Shouldn’t Bail Out The Big Three Automakers, New York Post. Murali, D. (April 2008). Make the Right Call, The Hindu. Steenbarger, Brett (Oct. 2007). Turtle Trading Lessons From Michael Covel, TradeFeeder. Pressely, James (Nov. 2007). Bloomberg Review of “The Complete TurtleTrader, ” Bloomberg.com. Collins, Art (Nov. 2005). The Truth About The Turtles (Michael Covel Interview), Yahoo! Finance Financial News. Cripps, Richard E. (Oct. 2004). Trend Following, Legg Mason Wood Walker, Inc.