To get the free app, enter your email address or mobile phone number.
The Little Book of Trading: Trend Following Strategy for Big Winnings Hardcover – August 9, 2011
There is a newer edition of this item:
See the Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.
Frequently Bought Together
Customers Who Bought This Item Also Bought
—Addison Wiggin, Best-selling author ofDemise of the Dollar; Executive Publisher, Agora Financial, LLC
“In The Little Book of Trading, Michael Covel has collected many gems of wisdom from some of the great traders of our time. After reading this book and piecing together all of the commonalities therein, you’ll begin to understand what it takes to be successful in the markets. Ignore these key truths and one day you’ll watch your account disappear.”
—Van K. Tharp, Ph.D., President, The Van Tharp Institute.
“Michael Covel’s unique insight into trading is invaluable. Both novice and experienced traders can benefit from Michael’s thorough knowledge of markets around the globe. The Little Book of Trading is a must read for serious investors.”
—Louis G. Navellier, Chairman and Founder, Navellier & Associates, Inc.
“Imagine being in the circle of trust of some of the greatest traders of all time, knowing what made them successful and having them share heartfelt advice. Though the eyes of Michael Covel in The Little Book of Trading, you will truly feel this experience.”
—Murray A. Ruggiero Jr., Contributing Editor, Futures Magazine; VP Research and Development, TradersStudio Inc.
“Michael Covel’s Little Book of Trading is a must-read guide to help you succeed in the shark-infested waters of the investment world.”
—From the Forward, Cullen O. Roche, Founder and CEO, Orsus Investments, LLC; Proprietor of Pragmatic Capitalism
“The latest addition to the ‘little book big profits’ series, Michael W. Covel’s The Little Book of Trading: Trend Following Strategy for Big Winnings looks at the financial world through the eyes of successful trend traders … What Covel stresses throughout the book are the accompanying principles that make trend following viable: stick to your plan and manage your risk through diversification, stop placement, and position sizing. These are important principles for any kind of trading, but for trend following they are critical … Successful trend following traders try to capture the outliers, the really big moves that more than compensate for the many small losses they take. This goal requires traders to have confidence in their systems and confidence in themselves. By introducing the reader to successful trend traders, Covel believes that some of their ‘magic’ just might rub off.”
From the Inside Flap
Revealing the tricks which lead 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 that 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, the book identifies the tools, concepts, psychologies, and philosophies that will keep your money growingand safeeven 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 argumentthat 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 an a comprehensive overview of active investing strategies and risk-management techniques that you can easily use to your best advantage.
More About the Author
The bestselling author of The Little Book of Trading, Trend Commandments, The Complete TurtleTrader and the classic Trend Following, Michael's books have sold 150,000+ copies. His books have been translated into 10+ languages with Trend Following named best trading book of the last 15 years. His first documentary film is Broke: The New American Dream.
Michael is also the voice behind Trend Following Radio, the underground alternative hit that has been as high as #2 on iTunes investing channel reaching 182 countries & territories with 1.9 million listens. Guests have included: Daniel Kahneman (Nobel Prize), Vernon Smith (Nobel Prize), Harry Markowitz (Nobel Prize), Ed Seykota, Gerd Gigerenzer, Dan Ariely, Jack Schwager, Michael Mauboussin, Larry Williams, Tom DeMark, Tom Basso, Jerry Parker, Barry Ritholtz and Larry Hite. More: trendfollowing.com/about.
Top Customer Reviews
Becoming a trading success is like getting an education to practice any other profession. Would you let someone perform brain surgery on you after they read a book about it, or would you expect them to have completed years upon years of college and medical school, followed by interning with some of the leaders in their field? Trading isn't any different. You're not going to buy this book and get "the step by step secret" to becoming a successful trader; however you will get the information necessary to give you an excellent foundation to begin your journey of self-discovery as a trend follower, and as a bonus all of Michael Covel's books include wisdom from experienced trend followers that will help you to have those "a-ha" moments as you learn.Read more ›
To be honest, I didn't expect much out of such a little book. I was, however, pleasantly surprised by how helpful this book was to both the novice and experienced trend trader, alike.
As with Mr. Covel's other works, this book is a bit of enigma in that it fails to actually explain how to implement trend following in your portfolio. However, I did find it to be well written and insightful.
I have read a lot of books on trend following and I think the author does as good a job as I have seen explaining concisely why trend following works, while other investment strategies tend to fail over time.
I love his rebuttal of comedian and investment guru Ben Stein's comment that "if you didn't lose money during the panic of 2008, you were probably doing something wrong." Mr. Covel quickly dispatches with this comment as part of Wall Street's "conditioning." He further explained that true wealth is found in the trend, not fundamentals and not the latest news flash. He explained this is why so many trend followers flourished in 2008, while other once popular managers flamed out.
Not one to just beat his drum, the author mixed in biographical interviews and insights from other world class trend following managers covering some the industries best known managers. These insights I personally found most helpful as a trend following manager and signal site operator (see [...] As an example, I love what the Sunrise Capital guys had to say about risk.Read more ›
Most Recent Customer Reviews
I've read a number of books on investing over the years (value, fundamental, technical analysis, etc... Read morePublished 4 days ago by john
In my experience to be honest Trend IS your friend. The market is only gonna give you what its gonna give you. Most traders set their expectations to high and thats why they fail. Read morePublished 1 month ago by Seun
Don't expect any charts or information which show you a single trend.
Stories from a chapter to another without pointing out how a strategy can be applied for. Read more
There is something just amazing about the trend following system and its simplicity and this book does a great job of adding another layer of understanding. Read morePublished 5 months ago by Robert Kirk
We've all seen them before. Websites offering get rich quick strategies for day trading penny stocks, options, and forex. Read morePublished 6 months ago by Adam E. Fields
The Little Book of Trend Following EASILY ranks up there as Michael Covel's own Market Wizard book. Whenever I am struggling with my own trading, I ALWAYS pick up one of Michael's... Read morePublished 6 months ago by Phillip J. Suarez
From the Cover page the expectation is to “reveal the secrets of trend following insiders”, however, this is very disappointing as nothing along those lines is given or provided. Read morePublished 8 months ago by Kindle Customer
A simple and straightforward approach into investing but more importantly the phycology around investing. Read morePublished 9 months ago by Mark Recardo