Trend Commandments: Trading for Exceptional Returns

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Pearson Education, Jun 13, 2011 - Business & Economics - 224 pages

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 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. Michael 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.

 

Contents

Acknowledgments
1
Ignition
3
Expectations
9
Jargon
11
Show Me the Money
15
Blowing Bubbles
25
Speculari
29
Fundamentals Are Religion
33
Decide Now
131
Science
135
Statistical Thinking
137
Aha
143
Hero Worship
147
Buy and Hope
151
Convert
155
Oracle of Omaha
157

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
ZeroSum
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
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
Copyright

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About the author (2011)

Michael Covel is the author of five books: including the international bestseller, Trend Following and his investigative narrative, The Complete TurtleTrader. Fascinated by traders that quietly generate spectacular returns, those going against the grain of investment orthodoxy, he has uncovered astonishing insights about how they think, strategize and execute their systems.

His cutting-edge and unorthodox perspectives have garnered international acclaim and have earned him invitations with: China Asset Management Co., Ltd., GIC Private Limited (Singapore sovereign wealth fund), BM&F Bovespa, Managed Funds Association, Bank of China Investment Management, Market Technicians Association. He also has the distinction of interviewing four Nobel Prize winners in economics, including Daniel Kahneman and Harry Markowitz and has been featured by major press, including: The Wall Street Journal, Bloomberg, CCTV, The Straits Times and Fox Business.

Covel’s Trend Following Podcast now has over 2.5M listens (trendfollowing.com/podcast) and has ranked as high as #2 on iTunes. He splits his time across USA and Asia and sees location independence as our future.

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