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The Little Book of Trading: Trend Following Strategy for Big Winnings



The Little Book of Trading: Trend Following Strategy for Big Winnings

Michael W. Covel

ISBN: 978-1-118-06350-7 August 2011 256 Pages


How to get past the crisis and make the market work for you again

The last decade has left people terrified of even the safest investment opportunities. This fear is not helping would-be investors who could be making money if they had a solid plan. The Little Book of Trading teaches the average person rules and philosophies that winners use to beat the market, regardless of the financial climate.

The market has always fluctuated, but savvy traders know how to make money in good times and bad. Drawing on author Michael Covel's own trading experience, as well as insights from legendary traders, the book offers sound, practical advice in an easy to understand, readily digestible way. The Little Book of Trading:

  • Identifies tools, concepts, psychologies, and philosophies that keep people protected and making money when the next market bubble or surprise crisis occurs
  • Features top traders in each chapter that have beaten the market for decades, providing readers with their moneymaking knowledge
  • Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone

Most importantly, The Little Book of Trading explains why mutual funds should not be the investment vehicle of choice for people looking to secure retirement, a radical realization highlighting the changed face of investing today.

Introduction: A Wake-Up Call xiii

Foreword xxiii
Cole Wilcox

Foreword xxxiii
Cullen O. Roche

Chapter One Stick to Your Knitting 1
Gary Davis, Jack Forrest, and Rick Slaughter

Chapter Two Someone’s Gotta Lose for You to Win 21
David Druz

Chapter Three No Guts, No Glory 37
Paul Mulvaney

Chapter Four In a Land Far, Far Away from Wall Street 53
Kevin Bruce

Chapter Five Think Like a Poker Player and Play the Odds 65
Larry Hite

Chapter Six Stand Up, Dust Yourself Off, and Keep Going 83
David Harding

Chapter Seven Throw Away the Fundamentals and Stick to Your Charts 103
Bernard Drury

Chapter Eight Study Hard and Get an A+ 117
Justin Vandergrift

Chapter Nine You Can’t Know Everything 131
Eric Crittenden and Cole Wilcox

Chapter Ten Make It Work Across All Markets 147
Michael Clarke

Chapter Eleven Stay in the Moment of Right Now 163
Charles Faulkner

Chapter Twelve Sing the Whipsaw Song 181

Appendix A: Getting Technical: What is Capitalism Distribution? 187

Appendix B: Fund Performance Data 193

Glossary of Key Terms 201

Author Disclaimer 207

Acknowledgments 209