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Trend Following by Michael W. Covel

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B. Performance Guide

Trend Following Historical Performance Data

Appendix B contains historical performance data from professional trend followers, so that you can see the concrete results for yourself. I had planned to include this data in the first release of the book, but editors thought it would be too much information. As you might have guessed, some readers questioned whether the performance numbers I gave were real, which made me realize how important it was to add the performance data back in for this edition. If you have questions about any trader or track record that I mentioned, feel free to contact me at my blog at www.michaelcovel.com.

Much of what happens in history comes from “Black Swan dynamics,” very large, ...

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