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

I do not recommend buying this book. It is very poor and teaches you nothing. Read Alpha Trader by Brent Donnelly if you're serious about improving

Another fantastic book to my trading Libary, I first bought this on audible and knew then I needed the physical copy. In today's world where there's so much noise to have the inside track on the Titans of the Trend Following game is well, brilliant. Through Mr Covels writing not only do we get pearls of wisdom from start to finish but I think he very cleverly pays particular attention to winning mindsets and there commonalities. I'm a 'normal' working class fella who can sometimes doubt himself when I shouldn't but hearing the stories contained in this writing, one thing stands out for me NEVER GIVE UP!! Lets give 'The Complete Turtle Trader' a whirl!

Good Book!!

You probably need to have some trading experience to appreciate this book. It focus more on the psychology aspects of entering a trade.

How much is one good idea worth to you and your account? Or ten good ideas? This book will teach you something that most do not...the Psychology of winning traders, the actual rules they use to buy and sell, and rules to maximize gains, limit losses, and control risk. If you don't have a rule to sell, lock in your gains, and protect your capital, this book will give you answers. The Little Book of Trading, while small in size, is loaded with key insights into the "whys" and "hows" of some of the most successful traders and money managers in the business. People who have been at it successfully for decades in many cases, including legends Larry Hite and David Harding. Michael Covel is the leading authority on Systematic Trend Following, a rules based approach to markets which eliminates the traders emotions, and predicates that all decisions to buy and sell are dictated by simple, yet very specific rules. He goes into specific details of how and when they enter and exit markets, rules they use to maximize gains, limit losses, control risk and eliminate emotions from the trading process. He does this with very clear, easy to understand writing, no technical jargon. Two of the traders profiled started with $5,000 in their accounts, David Druz and Kevin Bruce. They are both worth 10's of millions now. A huge advantage to systematic trend following is that it can be applied to stocks, ETFs, mutual funds, bonds, commodities, all asset classes. The book is loaded with specific examples of the all-important thought process that goes into a winning rules-based system. The most successful traders have very simple rules, which may surprise many. This is not 100's of Phd's in a room using super-computers. These are rules that the smart trader can employ... example, if the price of SPY, or AAPL, or GLD, or whatever you follow, makes a new 60 day high, then buy. If it makes a new 30 day low, sell. Or, if the price of any stock or ETF you follow closes below the 200 day moving average, then sell, or go short. If it closes above the 200 day, then buy or go long. Those entry and exit rules are just a sampling of what some may use, and are only a small part of the equation. This book outlines it all. An excellent read, very highly recommended.