Following the Trend: Diversified Managed Futures Trading

Foreword

This book is an excellent training manual for anyone interested in learning how to make money as a trend follower.

I know a bit about trend following because I was part of the famous Turtle experiment in the 1980s when Richard Dennis, the Prince of the Pits, showed the world that trading could be taught and that people with the right sort of training and perspective could make consistent returns that far exceeded normal investments. Ultimately, that ordinary people could learn to trade like the most successful hedge funds. I started as a 19-year-old kid and by the time I was 24 in 1987, I took home $8 million, which was my cut of the $31.5 million I earned for Richard Dennis as a trend follower.

I even wrote a book about it, Way of the Turtle. It became a bestseller because many traders wanted to know the secrets of our success and to hear about the story first-hand which had been kept secret because of confidentiality agreements and our loyalty to Richard Dennis, a great man and a trading legend.

I’d thought about writing a follow-on book a few times in the intervening years; something meatier and with more detail. My book was part-story and part-trading manual and I thought about writing a book that was all trading manual.

In Following the Trend, Andreas Clenow has written a trend-following trading manual I would be proud to put my own name on. I’m very picky too, so I don’t say this lightly.

Very few trading books are worthy of an endorsement of any sort. Too many ...