"Trend following" is not a good one. It's just a report card on the traders Covel's able to interview and their performances. No discussion of how these traders spot or exit a trends. Books relating to TA breakouts is more helpful. As far as the section on $$$ mgmt, u could read a bk on hw...
The question should be is "Has Covel ever made money using this method?" It seems like all of the money he's made was teaching and reporting this method.