The Little Book of Trading: Trend Following Strategy for Big Winnings Little Books. Big Profits: Amazon.co.uk: Michael W. Covel: Books

Review

“The Little Book of Trading reveals the secrets from trend–following insiders giving you the freedom to trade all markets: interest rates, copper, currencies, stocks –– you name it! Covel encourages you to take that TV blaring CNBC and throw it right out the window. Charts cut the noise.”
—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.”
—Seeking Alpha

Product Description

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.

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Most Helpful Customer Reviews

3 of 3 people found the following review helpful

A waste of time and money 28 Oct 2011

By Rich Feynman

Format:Hardcover|Amazon Verified Purchase

I bought this book because I thought it might contain some ideas around trend trading systems, how they work and how one might go about testing and developing them to fit one's own biases and perwonality. This book does not contain any such information. Instead it is a book about certain trend traders, which does not give much idea about their methods, but comes across as a sycophantic ramble about them. The book is a long advertisement/propaganda document about trend following, with the author putting down other methods and claiming that they do not work. For this, he is dangerous, there are plenty of trading methods out there each of which is capable of providing reasonable returns, with trend following being just one, you have to find them and use the one you are most comfortable with. Each chapter covers one trader or a group of traders who work together in a fund, giving you mostly unimportant details about their life stories but without techniques and in most cases without using their own words. If you want to learn about traders and what makes them tick, you should read it in their own words. For that I would recommend Jack Schwager's fantastic Market Wizard books. There are plenty of tips there and things that would improve you as a trader. Please do not waste your money here.

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2 of 2 people found the following review helpful

Worst Investment Book I've Read 29 Dec 2011

By D. Ball

Format:Hardcover

I've been a professional investor for a dozen years, and have read probably a hundred investment books in my life, and I honestly believe this book could be least useful of them all. It purports to be about trend following, but it's actually about the personalities and backgrounds of certain trend followers - there is absolutely nothing on the systems they employ to make money. It reads likes a self-help guide for traders, great if you like your investment advice in pithy fortune cookie type quotes (Stick to your Knitting! Study Hard and get an A+! Stand Up, Dust Yourself Off, and Keep Going!), but not so great if you actually want to make money. I've read quite a few of the Little Books series now, and they appear to have gone downhill from the beginning. They were always basic, but they were easy to read, and I was able to glean something useful from each. This book has very little redeeming value; it is repetitive, trite, and uninformative. Please don't waste your time or money.

A Little Book with a Big Message 7 Sep 2011

By John M.

I am a fan of Michael Covel's work on Trend Following so there was no doubt that I would read his new book, however I thought maybe it was a cliff notes version of his other books. I was pleased to see that it was much more than that. It not only built on the ideas he presents in his other works, but also provides new perspectives and thoughts on the subject. As a student of trading and trend following in particular, the most important aspect to learning is access to traders who have already reached success in the field. I know of few other authors who make the wisdom of such traders accessible. A great read and learning experience.