9780132695244

Many believe that trend following is the world's most effective trading strategy. In Trend Commandments, top trend following guru and best-selling author Michael Covel has made it easier than ever to understand. Covel distills the essentials into bite-sized elements, offers up-to-the-minute moneymaking insights from true winners, and shows how to earn consistent profits in even the most volatile markets.

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.

Acknowledgments	p. 1
Ignition	p. 3
Expectations	p. 9
Jargon	p. 11
Show Me the Money	p. 15
Blowing Bubbles	p. 25
Speculari	p. 29
Fundamentals Are Religion	p. 33
Everything Flows	p. 39
Systematic Trend Following	p. 41
Change	p. 45
No Prediction	p. 47
Price Action	p. 51
Place Your Bet	p. 55
Trading Systems	p. 59
Trade Everything	p. 65
Drawdown	p. 69
Entry	p. 73
This Way to the Egress	p. 75
Losers Average Losers	p. 79
Home Run	p. 81
Robust	p. 85
Push the Button	p. 87
Wash, Rinse, Repeat	p. 91
Zero-Sum	p. 95
Crash and Burn	p. 97
Inefficient Markets	p. 101
Benchmark	p. 105
Haters	p. 109
The Root of All Evil	p. 113
Panicky Sheep	p. 117
IQ vs. EQ	p. 123
Commitment	p. 127
Decide Now	p. 131
Science	p. 135
Statistical Thinking	p. 137
Aha!	p. 143
Hero Worship	p. 147
Buy and Hope	p. 151
Convert	p. 155
Oracle of Omaha	p. 157
A Seinfeld Moment	p. 161
Snow Job	p. 165
Twit Me a River	p. 169
Goldline	p. 173
Intoxication	p. 175
Parliament of Whores	p. 181
Crowded House	p. 185
Black Box	p. 187
Lucky Monkey	p. 189
Honest	p. 193
Under the Radar	p. 199
Ethos	p. 201
Games People Play	p. 205
Blood Hound	p. 207
Epilogue	p. 211
Extras	p. 213
Surprise, Surprise, Surprise	p. 215
Origins	p. 221
Cheat Sheet	p. 235
Quick Commandments	p. 239
Bibliography	p. 242
Endnotes	p. 246
About Trend Following & Michael Covel	p. 265
Index	p. 267
Table of Contents provided by Ingram. All Rights Reserved.

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Trend Commandments Trading for Exceptional Returns

Trend Commandments Trading for Exceptional Returns

0132695243

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