Michael Covel
Michael Covel
Born (1968-09-01) September 1, 1968
Quantico, Virginia
Alma materGeorge Mason UniversityFlorida State University
Notable workTrend FollowingThe Complete TurtleTraderTrend CommandmentsThe Little Book of Trading
WebsiteMichaelCovel.com

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]

Early life

Covel 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

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.[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

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

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[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

  • 2011: Broke: The New American Dream[34]

Podcast

References

  1. ^Torbenson, Eric.Why We Shouldn’t Bail Out The Big Three AutomakersNew York Post. November 16, 2008.
  2. ^ abcMichael CovelOVGuide.
  3. ^ abcMichael Covel: Trend Following AmbassadorHedge Fonder. January 9, 2011.
  4. ^Kahn, Michael.The Trend Is All RightBarrons. September 23, 2009.
  5. ^Michael CovelArchived 2012-10-18 at the Wayback MachineFinancial Gurus.
  6. ^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).
  7. ^Rudawsky, Gil.Mystery Trader in Stock Market Crash Outed Yet Questions RemainDailyFinance. May 14, 2010.
  8. ^Book DescriptionAmazon.
  9. ^ abMichael Covel BooksMichael Covel.
  10. ^Review: The Complete Turtle Trader “The Simple Dollar”.
  11. ^Pressley, James. Richard Dennis, Prince of Chicago Pit, Taught Turtles to Trade. Business Insider. November 1, 2007.
  12. ^Covel, Michael, The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, October 2007) ISBN 0-06-124170-9 /ISBN 978-0061241703
  13. ^Steenbarger, Brett. Turtle Trading Lessons From Michael Covel, TradeFeed, October 2007.
  14. ^Boon, Rachel Investment author 'trending' in S'poreAsiaOne Business. February 3, 2016
  15. ^Interview With Michael Covel: Masters in Business (Audio)Bloomberg. February 3, 2016
  16. ^Ritholtz, Barry Michael Covel Demystifies TradingBloomberg View. February 3, 2016
  17. ^Covel, Michael. Trend Commandments: Trading for Exceptional Returns. FT Press, 2011.
  18. ^Staller, Kate. Forget All You Know About Investing. Forbes. October 25, 2011.
  19. ^Nyaradi, John. The Little Book of Trading: Interview with Michael CovelArchived 2012-06-20 at the Wayback Machine. The Wall Street Selector. September 14, 2011.
  20. ^Covel, Michael. The Little Book of Trading: Trend Following Strategy for Big Winnings (Little Books. Big Profits). Wiley Publishing, 2011.
  21. ^Pierce, Jeff. The Little Book of Trading: Trend FollowingArchived 2013-01-19 at archive.today. Business Insider. August 13, 2011.
  22. ^Skypala, Pauline. Secrets of winning systems remain hidden. Financial Times. June 9, 2012.
  23. ^Trend Commandments (German). MichaelCovel.com. March 7, 2012.
  24. ^ abcHoenig, Jonathan, New Movie Challenges Biz Pundits, SmartMoney.com, Dec. 2008.
  25. ^The Little Book of Trading: Interview With Michael Covel. Seeking Alpha. September 15, 2011.
  26. ^Farina, Deleela.Broke: The New American DreamBloggingStocks. July 21, 2009.
  27. ^Martin, Michael.Broke: The New American DreamHuffington Post. July 5, 2009.
  28. ^"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.
  29. ^"The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires". HarperCollins.
  30. ^"Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets, 5th Edition". Wiley.
  31. ^"Trend Following Mindset: The Genius of Legendary Trader Tom Basso". Harriman House.
  32. ^"Trend Following Masters - Volume 1: Trading Conversations". Harriman House.
  33. ^"Trend Following Masters - Volume 2: Trading Psychology Conversations". Harriman House.
  34. ^"Broke: The New American Dream". Michael Covel.
  35. ^Gray, Wesley.5 Investing Podcasts You Should Listen ToThe Wall Street Journal. December 6, 2016.
  36. ^[1]Apple Podcasts.
  37. ^Top 10 best investing podcasts: Learn from the mastersValueWalk.com. May 18, 2020.
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