brief Introduction of the content
No matter in a bull market or a bear market, using trend tracking strategy can get extraordinary profit opportunities, and some famous traders have become billionaires. In this book, the author Michael Card Wall has forbidden to prove the application of trend tracking strategy by analyzing historical performance data. These valid data come from insights into some of the best trend-following traders-how on earth do they limit their risks and insist on operating in high-profit bands? After a long talk with billionaires, you will find out how to apply this strategy in your portfolio. In this book, Michael Card Wall also broke several common misunderstandings, such as "long-term holding" of profits and "fundamental investment".
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first part
1 trend tracking
Know what a market is.
Face profit and loss independently
Are you an investor or a trader?
Your type: basic analysis? Technical analysis?
Your decision: Is it easy to make a decision? Mechanical transaction?
Trend Tracking: An Eternal Investment Strategy
Is trend tracking invalid?
Trend tracking operation rule: follow the price
Trend tracking strategy: cut off losses and let profits run.
Deal with losses with stop loss
Conclusion: Trend tracking is a way of thinking.
Great trend-following traders
Bill? discontinue
John Henry
Ed. Scotta
Keith. Campbell
Jerry. parker
Salem? Abraham: a pioneer in Texas
Richard. Dennis
Richard. Denzian
Jesse. Livermore and Dixon? Watts
the second part
3 Performance data of trend tracking
Do not compare with the index, pursue absolute returns,
High volatility brings high returns.
Not afraid of floating loss
Similar trend tracking performance
Trading is a zero-sum game
4 trend tracking events
Event 1: bubble stock market
Event 2: The collapse of the long-term capital management company.
Event 3: The spread and winner of the Asian crisis? Niederhoff
Event 4: Allison and Bahrain Bank closed down.
Event 5: Deutsche Metal Company
Think about major events
5 Thinking of Baseball Trend Tracking
Home run-the pursuit of a fatal blow
Billy? Bini's digital decision-making victory
John? W? Henry's baseball world
Ignore the data and Pedro's failure
the third part
6 Trend Tracking Focus: Behavioral Finance
Restrain one's behavior so as not to get out of control.
Emotional quotient: the core feature of successful trading
Neurolinguistics: Get the psychological advantage of trading.
Ed. Trade tribes in scotta
Be curious and enthusiastic.
Take the pursuit of success as the motto.
7 decision-making process of trend tracking
Seeking simplicity: Aum's razor principle
Rapid decision-making based on single information
You don't need to know all the facts.
Pay more attention to the process than the result.
8 Trend Tracker: Taking Trading as Science
Develop the habit of critical thinking
Accept the reality of the nonlinear world
Compound interest is the magic of investment.
9 stop looking for the holy grail of trading
Dream of buying and holding
Warren. Buffett: the strategy of buying the king of holding
Spread the loss-go to the abyss
Collapse and panic: retirement plans
Wall Street in the Misunderstanding of Financial Analysis
part four
10 trend tracking trading system
Risk, reward and uncertainty
Five core problems of trend tracking trading system
Design your trading system
1 1 our conclusion
Will trend tracking fail?
It is the loser who is to blame.
Let customers know the rules of the game
High risk and high return is the way to get rich.
Trend Tracking: A Game for the Brave
appendix
Personality of successful traders
B: trend tracking model
An example of trade secret trading system
Modern portfolio theory and futures management
E: the decisive issue of the trading system