Trend Commandments: Trading for Exceptional Returns

Do you ever think the stories you hear about great trading, and the gains produced, sound like luck?  Do you ever wonder if there is a real method and philosophy behind the success stories?  The concepts condensed into Trend Commandments: Trading for Exceptional Returns were gleaned from Michael Covel’s 15 years of pulling back the curtain on great trend following traders.  It is a one of a kind money making experience that forever lays to rest the notion that successful trading is akin to winning the lottery.  Winning has a formula, as does losing.  Covel nails both head on.  Getting rich is a fight; make no mistake about it, but at least now with Trend Commandments you have a primer that allows you to crack the code of the winners.

Table of Contents

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