The Little Book of Trading

"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 occursFeatures top traders in each chapter that have beaten the market for decades, providing readers with their moneymaking knowledge Shows how traderswho beat mutual fund performance make money at different times, not just from stocks aloneMost 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"--

Auteur

MICHAEL W. COVEL serves as President of Trend Following(TM) (www.trendfollowing.com), a privately owned research firm. His first book is Trend Following: Learn to Make Millions in Up or Down Markets, and his second is The Complete TurtleTrader. He also founded TurtleTrader.com(R) in 1996, and since then, it has grown into an internationally recognized archive of trading information and data visited by over 10 million users. His first documentary film--Broke: The New American Dream, about the 2007-2009 crash--was released in 2009 and premiered on The Documentary Channel.

Contenu

Foreword xi Cullen O. Roche Introduction: A Wake-Up Call xvii 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