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


How to get past the crisis and make the market work for you again

The last decade has left people terrified of even the safest investment opportunities. This fear is not helping would-be investors who could be making money if they had a solid plan. The Little Book of Trading teaches the average person rules and philosophies that winners use to beat the market, regardless of the financial climate.

The market has always fluctuated, but savvy traders know how to make money in good times and bad. Drawing on author Michael Covel's own trading experience, as well as insights from legendary traders, the book offers sound, practical advice in an easy to understand, readily digestible way. The Little Book of Trading:

  • Identifies tools, concepts, psychologies, and philosophies that keep people protected and making money when the next market bubble or surprise crisis occurs
  • Features top traders in each chapter that have beaten the market for decades, providing readers with their moneymaking knowledge
  • Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone

Most importantly, The Little Book of Trading explains why mutual funds should not be the investment vehicle of choice for people looking to secure retirement, a radical realization highlighting the changed face of investing today.

Michael W. Covel serves as President of Trend Following (, a privately owned research firm. His first book is Trend Following: Learn to Make Millions in Up or Down Markets, and his second is The Complete TurtleTrader. He also founded® in 1996, and since then, it has grown into an internationally recognized archive of trading information and data visited by over 10 million users. His first documentary film—Broke: The American Dream, about the 2007–2009 crash—was released in 2009 and premiered on The Documentary Channel.

Foreword xi
Cullen O. Roche

Introduction: A Wake-Up Call xvii

Chapter One

Stick to Your Knitting 1
Gary Davis, Jack Forrest, and Rick Slaughter

Chapter Two

Someone’s Gotta Lose for You to Win 21
David Druz

Chapter Three

No Guts, No Glory 37
Paul Mulvaney

Chapter Four

In a Land Far, Far Away from Wall Street 53
Kevin Bruce

Chapter Five

Think Like a Poker Player and Play the Odds 65
Larry Hite

Chapter six

Stand Up, Dust Yourself Off, and Keep Going 83
David Harding

Chapter Seven

Throw Away the Fundamentals and Stick to Your Charts 103
Bernard Drury

Chapter Eight

Study Hard and Get an A+ 117
Justin Vandergrift

Chapter Nine

You Can’t Know Everything 131
Eric Crittenden and Cole Wilcox

Chapter Ten

Make It Work Across All Markets 147
Michael Clarke

Chapter Eleven

Stay in the Moment of Right Now 163
Charles Faulkner

Chapter Twelve

Sing the Whipsaw Song 181

Appendix A: Getting Technical: What Is Capitalism Distribution? 187

Appendix B: Fund Performance Data 193

Glossary of Key Terms 201

Author Disclaimer 207

Acknowledgments 209