Overview
"No jargon. No platitudes. Just real market lessons tied together with optimism and practicality. Pull back the Wizard of Oz curtain to see how and why big money is made today. No reliance on government, media, or Wall Street. In this book, self-sufficiency rules the day. In Trend Commandments, Covel distills the essential wisdom of trend following as an investment strategy into fascinating, bite-sized pieces that any investor can absorb. Much shorter than Covel's previous books, Trend Commandments delivers real moneymaking insights from true winners, backed by real performance results--not idle talk or platitudes. Discover how one of the biggest names in trend following made over 20% in August 2010 alone, and why this strategy keeps making big money when everyone else is dropping like a stone. Learn how to escape the cycle of ""panic, fear, hope, and return-to-panic,"" and how to profit in an age of financial crisis and deepening instability."
Full Product Details
Author: Michael W. Covel
Publisher: Pearson Education (US)
Imprint: Financial TImes Prentice Hall
Dimensions:
Width: 17.70cm
, Height: 2.60cm
, Length: 23.60cm
Weight: 0.500kg
ISBN: 9780132695244
ISBN 10: 0132695243
Pages: 288
Publication Date: 14 July 2011
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Hardback
Publisher's Status: Out of Print
Availability: In Print
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.
Reviews
An outstanding book [Trend Commandments] for anyone who wants to become rich by trading markets. Today, government regulations and fiscal and monetary policies are badly distorting financial markets. Covel accurately explains why, in this 'manipulated' financial environment, you should never expect markets to move as you wish or expect. Rather, disregard your fundamental beliefs and simply follow the trend. Highly recommended! Marc Faber Managing Director, Marc Faber Ltd. Editor, Gloom Boom & Doom Report If you are even thinking of a career in trading, put down all the other books. Buy this one [Trend Commandments]. Read it. Now you can start your career. James Altucher Managing Director, Formula Capital Fire up the barbecue. Michael Covel skewers the sacred cows of Wall Street with tasty bite-sized bits of the truth about what it really takes to succeed in trading and life. Wide-ranging, irreverent, revealing, eminently quotable, and right on the money. Charles Faulkner Market Wizard Trading Coach A rapidly moving, non-technical, and outside-the-box effort that smartly captures the essentials of trend following. Peter Borish Chairman and CEO, Computer Trading Corp Michael Covel's Trend Commandments is full of practical wisdom in bite-size portions on the benefits of trend trading--written in a straightforward storytelling format. It's definitely one to add to your financial bookshelf. David Stendahl Signal Financial Group Michael Covel is the very best at explaining the concepts of successful trend following in plain English. I'm certain you'll be a successful trader if you follow the ideas he outlines in Trend Commandments. This book (and his previous two!) are required reading for new employees in my office. Steve Sjuggerud DailyWealth Investors have experienced two bear markets in the last decade. This has led to rising volatility, uncertainty, and investor angst. For some it has been a lost decade, but for trend traders it has been a decade of opportunity. Trend Commandments helps you focus on what matters most: the trend of the markets, whether up or down. You can profit from either. Trend Commandments is essential reading for those who have the desire to thrive and survive in an era of fast-paced trending markets. Jim Puplava CEO, Chief Investment Strategist, PFS Group Buy and hold has been a difficult investment system for investors for a decade. In Trend Commandments, Covel challenges readers to think differently and question their beliefs about market 'truths' ingrained in them for years. Forewarned, you just may never see the world the same way again. Mebane Faber Cambria Investment Management Covel's Trend Commandments offers a breezy rumination on what is right about trend following and what is wrong about conventional trading approaches. Jack Schwager Author of Market Wizards and Schwager on Futures series Trend Commandments is a compelling read taking on serious issues in an entertaining format. The chapter of 'Inefficient Markets' is a must read, and I'm still laughing at the 'Intoxication' chapter--because in truth there is humor. Mark H. Melin Author of High Performance Managed Futures Director, Managed Funds, Peregrine Financial Group Successful traders need rules and the rules in this book are better than most since they are from the most successful traders in the world. Catch my drift? To be successful you must learn and apply these rules. I rate this book a 3x--as to be read at least three times. Timothy Sykes Author of An American Hedge Fund In Trend Commandments Covel writes, 'Golf Legend Jack Nicklaus is famous for saying: 'Don't be too proud to take a lesson. I'm not. Learn the fundamentals of the game and stick to them.' Every beginning or experienced trend follower should take lessons from this book and your previous books. I have been a trend follower for over 40 years and I am not too proud to take lessons. James O. Rohrbach Investment Models, Inc.
Author Information
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.
