Trend Commandments: Trading for Exceptional Returns

by Michael W. Covel

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 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. Michael 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.

Genres: Finance, Business, Nonfiction, Audiobook, Money, Personal Finance

275 pages, Hardcover

First published June 1, 2011

Reviews

[Dennis P. · Rating 1 out of 5]

Disclaimer: received free promotional physical book from author.

Great cover, terrible content. Quotable quotes that should've stayed in a blog. It's like if Gollum wanted to build the church of Tolkien by spewing Gandalf quotes. Why are charlatans trying to build up something as simple as trading like it's a secret cult. Jeez.

[Jason Green · Rating 3 out of 5]

I read Covel's other books first (Trend Following and The Complete Turtle Trader). This is essentially a summation of Trend Following, which can be a good thing of you felt Trend Following was a bit too heavy.

[Anthony Close · Rating 1 out of 5]

Just a selling tool for his other books. No techniques what so ever. Simply not worth your time.

[John Richards · Rating 5 out of 5]

The truth is so clear

[Anca · Rating 3 out of 5]

nu simt ca m a ajutat prea mult aceasts carte, nu cred ca as recomanda o sau as reciti o

[Eric Mayle · Rating 3 out of 5]

Lot of self-righteousness, bloviating, and General jackassery, but also some solid points and insights. Worth a read if you’re into stocks, not so much if you want to learn what makes a trend work.

[Paula Quinene · Rating 5 out of 5]

This is not a technical how-to book for investing. Rather, it's a great guide as far as how to conduct yourself as a trend investor. Think of it as something like a trend trader's rules to live by. I love the anecdotal quotes at the beginning of every chapter, and those scattered throughout the book as well. The author provides many examples of the topics he covers, topics like "Everything Flows," "Price Action," "Entry," "Hero Worship," and so much more. Great insight and good laughs!!!

[Russ · Rating 4 out of 5]

This is a both a book about the psychology of trading as well as an introduction and defense of the trend following investment strategy. The author does not provide a trading system for trend following in this book. Don't buy the book if you are looking for a new trading system. Buy the book to be entertained and to reinforce your trading psychology.

[Anders · Rating 2 out of 5]

Read this right after “Trend Following” by the same author, but found it more arduous to get through despite the format. It may serve as a good introduction to momentum trading, but didn’t add much to what was already said by Covel in a more structured manner in Trend Following (which I would recommend instead).

[Ryan Choo · Rating 5 out of 5]

Excellent insights