Revealing the tricks leading to success that today's market wizards keep up their sleeves, The Little Book of Trading is the resource you need to get all markets working for you again.
Recent events have left the average individual investor extremely dubious about playing the markets. But just because some unprepared individuals have paid for their mistakes is no reason to stay away from taking advantage of trending opportunities that, with a little careful planning, can yield exceptional results.
Market fluctuation is nothing new, but there is a set of rules and philosophies you can rely on to get the market back on your side, regardless of whether times are good or bad. Drawing on author Michael Covel's own extensive experience in the trading world, as well as tips and insights gathered from some of the world's most successful traders, this book identifies the tools, concepts, psychologies, and philosophies that will keep your money growing—and safe—even when the next bubble bursts or the next crisis hits.
With each chapter featuring easy-to-understand advice from a top trader or trading firm that has won by beating mutual-fund performance, this Little Book prepares the cautious, would-be investor to make money like an old hand and presents a revolutionary new argument: that mutual funds, long the investment vehicle of choice for people looking for security in retirement, are no longer to be relied on.
With everything you need to grab all markets by the horns, this book provides a comprehensive overview of active investing strategies and risk-management techniques that you can easily use to your best advantage.
©2011 Michael Covel (P)2011 Gildan Media Corp
Good overall book on trading. Listened to a number of different audiobooks, and this one has some good info to think about..
Great review of the trend following methodology. Learn something new every time I review the trend following mantra. I'm a believer so I soak up every word. Please publish more like it.
I've listened to this book many times and have the hardcover version as well. It's packed with lots of trend trader's history and stories.
It's closest to The Speculators but goes specifically into trend trading.
There are lots of successful trend traders out there still making money to this day. All using mechanical or mostly mechanical systems.
It's interesting Covel never talks about details of actually trend trading. He's very general. But the methods for getting in and out of trades are so simple they're almost not worth getting into anyways. The idea of jumping on the big wave and riding it is a huge concept and will take a trader far. I had to read the turtle trader books to see the specific trend trading method details.
I loved the rags to riches stories through out this book! Easy to follow and understand. Great for people who just want to start learning about trend trading.
After too many years of listening to and reading the works and instructions of those who are actually clueless, I was fortunate to come into contact with work by Michael Covel, a Master of Trend Following. And thanks to this, I believe my life is changing.
Trend following has no pretenses; there is no implication that what WILL happen in the markets can be predicted by anyone, now or in the future.
You can learn every "system" and method out there. But only Trend Following has an actual scientific basis, and this has been proven by many over decades of time.
If you can open your mind and set aside, at least for a time, all that you have learned or been taught about trading and investing, you have an opportunity to find brilliance here.
This presentation is open and straight forward. It has integrity and is done plainly enough that a person of any real intelligence can, if they so choose, be illuminated by it.
My only regret is that I was not exposed to this knowledge much earlier in my life.
But there is still today and tomorrow...
Don't dip in with a toe. Either find another book or dive in.
... hoped for insight, techniques, etc.
If you want a detailed description of trend trading's history, and listing of major players, this is your book.
If you want actionable information, keep looking -- you won't find it here.
Great starting place for beginners in the trading space
The part about the old man in the mountains of North Carolina
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