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Trend Commandments: Trading for Exceptional Returns [NOOK Book]

Overview

Do you ever think the stories you hear about great trading, and the gains produced, sound like luck? Do you ever wonder if there is a real method and philosophy behind the success stories? The concepts condensed into Trend Commandments: Trading for Exceptional Returns were gleaned from Michael Covel's 15 years of pulling back the curtain on great trend following traders. It is a one of a kind money making experience that forever lays to rest the notion that successful trading is akin to winning the lottery. ...

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Trend Commandments: Trading for Exceptional Returns

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Overview

Do you ever think the stories you hear about great trading, and the gains produced, sound like luck? Do you ever wonder if there is a real method and philosophy behind the success stories? The concepts condensed into Trend Commandments: Trading for Exceptional Returns were gleaned from Michael Covel's 15 years of pulling back the curtain on great trend following traders. It is a one of a kind money making experience that forever lays to rest the notion that successful trading is akin to winning the lottery. Winning has a formula, as does losing. Covel nails both head on. Getting rich is a fight; make no mistake about it, but at least now with Trend Commandments you have a primer that allows you to crack the code of the winners.

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Product Details

  • ISBN-13: 9780132695282
  • Publisher: Pearson Education
  • Publication date: 6/27/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 224
  • Sales rank: 508,094
  • File size: 2 MB

Meet the Author

Michael W. Covel serves as President of Trend Following (TurtleTrader), a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. It has attracted millions of visitors.

His first book is Trend Following: How Great Traders Make Millions in Up or Down Markets (FT Press, Apr. 04, Nov. 05, Feb. 07, and Feb. 09). This must-have classic has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, French, Arabic, Turkish, Portuguese, and Russian.

His second book, The Complete TurtleTrader: The Legend, the Lessons, the Results (Collins, Oct. 07 and Feb. 09), is the only narrative account of trader Richard Dennis and his student traders, the Turtles. It has become the definitive book on the subject and has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, and Russian.

His first documentary film is Broke: The New American Dream. It explores human behavior and trend following during the 2007-2009 market crash and premiered on The Documentary Channel fall 2009. The film was shot in 13 major cities on three continents. Top traders Larry Hite, Jim Rogers, David Harding, Mark Mobius, and Bill Miller appear. Nobel Prize winners Harry Markowitz and Vernon Smith also appear.

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Table of Contents

Acknowledgments 1

Ignition 3

Expectations 9

Jargon 11

Show Me the Money 15

Blowing Bubbles 25

Speculari 29

Fundamentals Are Religion 33

Everything Flows 39

Systematic Trend Following 41

Change 45

No Prediction 47

Price Action 51

Place Your Bet 55

Trading Systems 59

Trade Everything 65

Drawdown 69

Entry 73

This Way to the Egress 75

Losers Average Losers 79

Home Run 81

Robust 85

Push the Button 87

Wash, Rinse, Repeat 91

Zero-Sum 95

Crash and Burn 97

Inefficient Markets 101

Benchmark 105

Haters 109

The Root of All Evil 113

Panicky Sheep 117

IQ vs. EQ 123

Commitment 127

Decide Now 131

Science 135

Statistical Thinking 137

Aha! 143

Hero Worship 147

Buy and Hope 151

Convert 155

Oracle of Omaha 157

A Seinfeld Moment 161

Snow Job 165

Twit Me a River 169

Goldline 173

Intoxication 175

Parliament of Whores 181

Crowded House 185

Black Box 187

Lucky Monkey 189

Honest 193

Under the Radar 199

Ethos 201

Games People Play 205

Blood Hound 207

Epilogue 211

Extras 213

Surprise, Surprise, Surprise 215

Origins 221

Cheat Sheet 235

Quick Commandments 239

Bibliography 242

Endnotes 246

About Trend Following & Michael Covel 265

Index 267

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Customer Reviews

Average Rating 5
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Sort by: Showing all of 5 Customer Reviews
  • Posted July 15, 2011

    more from this reviewer

    Covel Hits the Nail on the Head

    Anyone who has read anyof Michael W. Covel's books knows from the outset that this newest book TREND COMMANDMENTS is going to be not only a learning experience but a very supportive tome of advice and reassurance about a subjct few of us understand. Having read 'The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires' this reader jumped at the chance to see what else Covel has up his sleeve.

    Trend Trading may seem like yet another of those big money terms that leaves the bulk of us on the outside. But as presented by Covel it is understandable as a concept and accessible as a means of approaching the money market. By definition, 'Trend following is an investment strategy that tries to take advantage of long-term moves that seem to play out in various markets. The strategy aims to work on the market trend mechanism and take benefit from both sides of the market, enjoying the profits from the ups and downs of the stock or futures markets. Traders who use this approach can use current market price calculation, moving averages and channel breakouts to determine the general direction of the market and to generate trade signals. Traders who employ a trend following strategy do not aim to forecast or predict specific price levels; they simply jump on the trend and ride it.'

    And that is exactly what Covel encourages in this well-written book. He offers insights into the strategies that the big moneymakers use to be true winners 'grounded in real performance results and not squishy opinions.' In these chaotic eonomic times it is comforting to read a book by an informed man who tells it like it is and follows those realities with his own brand of optimism and self-sufficiency. the book reads well, does not bog down with data charts that are page flippers for novices, but steadily stands behind our insecurities and creates positive transformations.

    Grady Harp

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted January 8, 2013

    Fernash

    Wait.......thats not the real velvetstar! I can tell..............

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 7, 2013

    Seeker

    Cheater!! Why wud u cheat on ur mate?!!!?!

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 7, 2013

    Velvtstr

    Moans

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted November 17, 2011

    No text was provided for this review.

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