Books The Little Book of Trading: Trend Following Strategy for Big Winnings (Little Books. Big Profits 33)  by Michael W. Covel (Author)  

"The Little Book of Trading: Trend Following Strategy for Big Winnings" by Michael W. Covel is a guide that teaches readers a proven strategy for successful trading using trend following principles. It distills the wisdm and tools used by some of the most successful traders, known as Market Wizards, who have thrived in various market conditions.

Key points include:

Trend following is a robust strategy that capitalizes on market momentum in any direction, whether the market is rising or falling.

Emphasizes risk management with techniques such as pre-set stop losses, proper position sizing, and diversification to protect capital.

Stresses the importance of discipline, consistency, and sticking to a well-planned trading strategy.

Encourages traders to think independently, avoid herd mentality, and learn from losses.

Provides insights into the psychology of trading, highlighting emotional control and confidence building.

Challenges the reliance on mutual funds for retirement investing, proposing trend following as a more effective approach for long-term wealth growth.