Four-time winner of the World Futures Investment Competition
A book recommended by top traders!

A successful stock investment strategy presented by a professional trader with 37 years of experience, including as an institutional investor.
The author, a professional investor and bestselling author, provides a detailed A-to-Z guide to making money through trend-following trading.
As Andrea Unger, a four-time winner of the Futures Investment Competition, said in her recommendation, it is full of content that will make you say, "Aha!"

You need to ignore most trading books that present rosy blueprints.
Trading isn't all about making profits and getting rich.
We must accept the reality that survival and avoiding the risk of bankruptcy are the first virtues of trading.
Trading is about surviving long enough to enjoy the wins when the trend comes.
Trading is about experiencing, coping with, and surviving the constant losses it brings.
---From "Knowledge"

The biggest crime you can commit in trading is losing your entire investment.
90% of active investors commit this crime.
And 90% of the surviving investors will commit this crime.
I hope you don't commit this crime.
The best defense you can do is to keep your risk of bankruptcy at 0%.
Your personal goal should be to become not only an expert in bankruptcy risk, but also an expert in executing a trading plan accordingly.

---From "Knowledge"

If you're a treasure hunter at heart, you need to accept that there's no Holy Grail strategy right now.
It might exist tomorrow, but it certainly won't exist today.
So please, embrace the present and focus on making money now, and don't lose yourself in the empty rabbit hole of tomorrow.
Pursuing or waiting for perfection is a vain dream.
---From "Danger"

Persistence is defined as a profit and loss graph that is consistently upward sloping even in out-of-sample data.
Persistence should be the holy grail goal of any trading strategy.
In investing, persistence is the gold you must stake your life on.
All trading strategies seem to work, but in practice they don't.
Therefore, it is rare to find a trading strategy that simply works and continues to work consistently after it is created.
In fact, such strategies are worth their weight in gold because they are so rare.
Persistence is what sustains you through the inevitable and painful peak-to-peak declines.
It keeps your confidence high when you start to doubt your strategy.
---From "Trading Strategy"

You need to accept that trading will never be easy.
As soon as you learn to accept it, you become a better person than you are now.
Accept your doubts and embrace your worries.
That's the truth of the market.
Don't let uncertainty, procrastination, or pessimism get in your way.
In the world of trading, it is moral not to seek certainty and comfort.
It doesn't exist.
Also, understand that where uncertainty exists, there can be opportunity.
---From "Trading Execution"

Trend following trading relies on three golden principles:
ㆍFollow the trend.
ㆍKeep losses short.
ㆍKeep your profits for a long time.
These are the three core value drivers of any successful trend-following trading strategy.
These principles do not attempt to predict market movements, but rather react to large, out-of-the-ordinary movements with the aim of profiting from them.
---From "What is trend following trading?"

Becoming a trend-following investor takes the pressure off of unlocking the secrets of investing.
It takes the pressure off of you to think like an economist.
Eliminates the burden of having to track trends in global macro variables.
It takes the pressure off of having to understand why the market moves.
It removes the burden of having to analyze the market in depth.
It removes the pressure to pick winners and avoid losers.
Eliminates uncertainty and hesitation.
It does not impose a particular view on any particular market.

---From "The Best Training"

I hope you now understand why trend following trading is so attractive.
The fact that it has been known for over two centuries proves that it is a sustainable strategy worth following.
The science behind thick-tailed investing proves that it can make money, and numerous research papers unanimously declare it a profitable technique.
Experts consider this the ultimate training, and there are many world-renowned fund managers who consistently beat the market and increase their clients' assets.
Simplifying the investment and trading process and ensuring strict adherence to it is a valuable challenge for professional investors.
So, I hope everyone nods in agreement that trend-following is not only a surefire method, but also a valuable and profitable one.
---From "Chapter 3 Summary"

Investors lose badly.
We all have the same experience.
We become overly fixated on losing trades.
Because I hate to confirm my losses.
We hate pain.
We don't mind 'valuation losses', but we hate actually confirming losses.
Because in our hearts it is real pain.
This loss aversion bias allows downtrends to last longer by removing pressure to sell when we are long.

---From "Behavioral Finance"

Most people have probably heard the adage, "Trade with the trend, the trend is your friend." While it may be a harsh reality, trading with the trend is as simple as trading in the direction of the trend, shortening losses and lengthening profits.
Data-driven science tells us that if you trade with trends, you'll never fail.
No need to rack your brain!
---From "Overview of Trend Following Trading"

Before you can achieve sustainable trading, you must first survive in the market.
Because I survived, I can enter or adjust my orders and manage my positions.
You have to take my word for it.
Survival comes before profit.
Therefore, my first goal in trading is to survive, and I do this by ensuring that I trade with a 0% risk of bankruptcy.

---From "Risk Measurement"