Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets (2007) (edit title/settings)

Ridiculously Simplified Synopsis edit

Write a ridiculously simplified synopsis.

Characters/People edit see section history

• Bill Dunn: Add a description of this character.
• John W. Henry
• Keith Campbell
• Richard Dennis
• Jerry Parker
• Charles Faulkner
• Victor Niederhoffer
• George Soros
• David Harding
• Niederhoffer
• Richard Donchian
• Warren Buffett
• Goleman
• Pedro
• James
• Bill James
• Julian Robertson
• Billy Beane
• David Druz
• Buffett
• Nick Leeson
• Seykota
• Leeson
• Mark Rzepczynski
• Daniel Dunn
• Larry Hite
• Jason Russell
• Amos Hostetter
• Paul Mulvaney
• Jim Hamer
• Abraham
• Sharpe
• Hostetter
• Tom Basso
• William Eckhardt
• Jesse Livermore
• Scholes
• Rabar
• Mark J. Walsh
• Bruce Cleland
• Merton

Quotes edit see section history

• “Win or lose, everybody gets what they want out of the market”

• Popular Highlights from Kindle Customers

• Letting your profits run is tough psychologically. But understand that in trying to protect every penny of your profit, you actually prevent yourself from making the big profits.

  Highlighted by 83 Kindle customers

• The perfect speculator must know when to get in; more important, he must know when to stay out; and most important, he must know when to get out once he’s in.

  Highlighted by 80 Kindle customers

• Trend followers are the group of technical traders who use reactive technical analysis. Instead of trying to predict a market direction, their strategy is to react to the market’s movements whenever they occur. This enables them to focus on the market’s actual moves and not get emotionally involved with trying to predict direction or duration.

  Highlighted by 74 Kindle customers

• “Find your passion: the work that stimulates, fascinates, and endlessly challenges you. Identify what you find meaningful and rewarding, and pour yourself into it. If your passion happens to be the markets, you will find the fortitude to outlast your learning curve and to develop the mastery needed to become a professional.

  Highlighted by 66 Kindle customers

• A trader has a defined plan or strategy to put capital into a market to achieve a single goal: profit. Traders don’t care what they own or what they sell as long as they end up with more money than they started with. They are not investing in anything. They are trading. It is a critical distinction.

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• Market prices are the objective data. Accepting that truth allows you to compare and study prices and measure their movements, even if you know nothing about those markets themselves. You can look at individual price histories and charts without knowing which market is which and trade them successfully. Think about that. That is not what they teach at Wharton, but it is the foundation of making millions.

  Highlighted by 64 Kindle customers

• If you remain fixated on volatility as your enemy, instead of correctly realizing volatility is the actual source of profit, you will never “get” trend following trading.

  Highlighted by 51 Kindle customers

• “Here’s the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don’t play.”

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• It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change. —Charles Darwin

  Highlighted by 48 Kindle customers

• Fish see the bait, but not the hook; men see the profit, but not the peril. —Chinese proverb

  Highlighted by 29 Kindle customers

Setting & Locations edit see section history

• Wall Street
• California
• Virginia
• Chicago
• Florida

First Sentence edit see section history

Themes & Symbolism edit see section history

• Trading: The author provides a methodology for trading

Authors & Contributors edit see section history

1. Michael Covel (Author)

First Edition edit see section history

Classification edit see section history

• Library of Congress: Add the Library of Congress Classification.
• Dewey: 332.6

Subjects edit see section history

• Books › Business & Investing › Investing › Stocks
• Books › Business & Investing › Investing › Futures
• Books › Business & Investing › Investing › Commodities