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Trend Following How Great Traders Make Millions in up or down Markets

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ISBN-10: 0131446037

ISBN-13: 9780131446038

Edition: 2004

Authors: Michael W. Covel

List price: $29.95
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This is an essential read for all professional and individual investors seeking more effective profit strategies. It is ideal for individual traders who self-manage their portfolios or for the individual investor searching for a new type of investment advisor.
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Book details

List price: $29.95
Copyright year: 2004
Publisher: Financial Times/Prentice Hall
Publication date: 4/23/2004
Binding: Hardcover
Pages: 336
Size: 7.25" wide x 9.25" long x 0.75" tall
Weight: 1.892
Language: English

Preface
Acknowledgments
Trend Following
The Market
Winning and Losing
Investor v. Trader: How Do You See the World?
Fundamental v. Technical: What Kind of Trader Are You?
Discretionary v. Mechanical: How Do You Decide?
Timeless
Has Trend Following Changed?
Trend Following Modus Operandi: Follow Price
Follow the Trend
Handling Losses
Conclusion
Great Trend Followers
Bill Dunn
John W. Henry
Ed Seykota
Keith Campbell
Jerry Parker
Salem Abraham: Texas Pioneer
Richard Dennis
Richard Donchian
Jesse Livermore and Dickson Watts
Performance Data
Absolute Returns
Fear of Volatility; Confusion with Risk
Drawdowns
Correlation
The Zero-Sum Nature of the Markets
George Soros Refutes Zero-Sum
Big Events in Trend Following
Stock Market Bubble
Long Term Capital Management Collapse
Asian Contagion and Victor Niederhoffer
Barings Bank Meltdown
Metallgesellschaft
Final Thoughts
The Coming Storm
Baseball: Thinking Outside the Batter's Box
The Home Run
Moneyball and Billy Beane
John W. Henry Enters the Game
Pedro Stays In
Human Behavior
Prospect Theory
Emotional Intelligence: Daniel Goleman
Charles Faulkner
Ed Seykota's Trading Tribe
Curiosity Is the Answer, Not Degrees
Commitment to Habitual Success
Decision-Making
Occam's Razor
Fast and Frugal Decision-Making
The Innovator's Dilemma
Process v. Outcome
Science of Trading
Critical Thinking
Chaos Theory: Linear v. Nonlinear
Compounding
Holy Grails
Buy-and-Hold
The King of Buy-and-Hold: Warren Buffett
Losers Average Losers
Crash and Panic: Retirement Plans
Wall Street: Analysis Paralysis
Final Thoughts
Trading Systems
Risk, Reward, and Uncertainty
The Five Questions for a Trading System
Your Trading System
Frequently Asked Questions
Conclusion
Slow Acceptance
Blame Game
Understand the Game
Decreasing Leverage; Decrease Return
Fortune Favors the Bold
Appendices
Personality Traits of Successful Traders
Trend Following Models
Trading System Example from Trading Recipes
Modern Portfolio Theory and Managed Futures
Critical Questions for Trading Systems
Resources
Endnotes
Bibliography
About the Author
Index