Michael W. Covel (born September 1, 1968) is an American author, entrepreneur, and film director.[1][2] 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.[3][4][5]
Michael Covel | |
|---|---|
 | |
| Born | September 1, 1968 |
| Alma mater | George Mason University Florida State University |
| Notable work | Trend Following The Complete TurtleTrader Trend Commandments The Little Book of Trading |
| Website | MichaelCovel.com |
Early life
editCovel was born in Quantico, Virginia.[2] He graduated with a B.A. in Politics and Government from George Mason University and received his M.B.A. from Florida State University.[2][3]
Career
editWriting
edit- 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.[6][7] The book analyzes years of detailed performance data to demonstrate that trend following works.[8] The book was an immediate international bestseller, with over 100,000 copies sold to date.[9] It was first published by Financial Times Press on April 23, 2004.[9]
- 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.[10][11] The book reviews an experiment conducted by Dennis and then partner William Eckhardt in 1983 with "the Turtles,"[12] a group of novices turned top traders based on Dennis' trading advice.[13] 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.[14][15] Covel has cited Jack Schwager’s book Market Wizards as partial inspiration for the book.[16]
- Other Books
In June 2011, Covel released Trend Commandments: Trading for Exceptional Returns, as a trend following primer for novice traders.[17][18] 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.[19][20][21][22] Covel's books have been translated into more than 10 languages.[23]
Film
edit- 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,[3][24][25] including the 2008 United States housing bubble, stock-market volatility, and growing economic uncertainty.[24] 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.[24] The film criticizes financial news networks like CNBC, stating that they cater to an audience of news junkies in an attempt to score ratings.[26] The film also analyzes behavioral finance, and critiques Americans for not taking personal responsibility for their investment decisions.[27]
Publishing history
editBooks
edit- 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[28]
- 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[29]
- 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[30]
- 2021: Trend Following Mindset: The Genius of Legendary Trader Tom Basso[31]
- 2023: Trend Following Masters - Volume 1: Trading Conversations[32]
- 2023: Trend Following Masters - Volume 2: Trading Psychology Conversations[33]
Films
edit- 2011: Broke: The New American Dream[34]
Podcast
editReferences
edit- ^ Torbenson, Eric.Why We Shouldn’t Bail Out The Big Three Automakers New York Post. November 16, 2008.
- ^ a b c Michael Covel OVGuide.
- ^ a b c Michael Covel: Trend Following Ambassador Hedge Fonder. January 9, 2011.
- ^ Kahn, Michael.The Trend Is All Right Barrons. September 23, 2009.
- ^ Michael Covel Archived 2012-10-18 at the Wayback Machine Financial Gurus.
- ^ Covel, Michael (2009). Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets (FT Press; 1 Updated edition, February 25, 2009). ISBN 0-13-702018-X (English) ISBN 978-0-13-702018-8 (English).
- ^ Rudawsky, Gil.Mystery Trader in Stock Market Crash Outed Yet Questions Remain DailyFinance. May 14, 2010.
- ^ Book Description Amazon.
- ^ a b Michael Covel Books Michael Covel.
- ^ 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.
- ^ Covel, Michael, The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, October 2007) ISBN 0-06-124170-9 /ISBN 978-0061241703
- ^ Steenbarger, Brett. Turtle Trading Lessons From Michael Covel, TradeFeed, October 2007.
- ^ Boon, Rachel Investment author 'trending' in S'pore AsiaOne Business. February 3, 2016
- ^ Interview With Michael Covel: Masters in Business (Audio) Bloomberg. February 3, 2016
- ^ Ritholtz, Barry Michael Covel Demystifies Trading Bloomberg View. February 3, 2016
- ^ Covel, Michael. Trend Commandments: Trading for Exceptional Returns. FT Press, 2011.
- ^ Staller, Kate. Forget All You Know About Investing. Forbes. October 25, 2011.
- ^ Nyaradi, John. The Little Book of Trading: Interview with Michael Covel Archived 2012-06-20 at the Wayback Machine. 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 Archived 2013-01-19 at archive.today. Business Insider. August 13, 2011.
- ^ Skypala, Pauline. Secrets of winning systems remain hidden. Financial Times. June 9, 2012.
- ^ Trend Commandments (German). MichaelCovel.com. March 7, 2012.
- ^ a b c Hoenig, Jonathan, New Movie Challenges Biz Pundits, SmartMoney.com, Dec. 2008.
- ^ The Little Book of Trading: Interview With Michael Covel. Seeking Alpha. September 15, 2011.
- ^ Farina, Deleela.Broke: The New American Dream BloggingStocks. July 21, 2009.
- ^ Martin, Michael.Broke: The New American Dream Huffington Post. July 5, 2009.
- ^ "9780131345508: Trend Following: How Great Traders Make Millions in Up or Down Markets - Covel, Michael W.: 0131345508 - AbeBooks". www.abebooks.com. Retrieved 2022-11-12.
- ^ "The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires". HarperCollins.
- ^ "Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets, 5th Edition". Wiley.
- ^ "Trend Following Mindset: The Genius of Legendary Trader Tom Basso". Harriman House.
- ^ "Trend Following Masters - Volume 1: Trading Conversations". Harriman House.
- ^ "Trend Following Masters - Volume 2: Trading Psychology Conversations". Harriman House.
- ^ "Broke: The New American Dream". Michael Covel.
- ^ Gray, Wesley.5 Investing Podcasts You Should Listen To The Wall Street Journal. December 6, 2016.
- ^ [1] Apple Podcasts.
- ^ Top 10 best investing podcasts: Learn from the masters ValueWalk.com. May 18, 2020.
External links
edit
- 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.