Additional information
by Brent Penfold (Author)
Get a flying headstart on trend trading with this comprehensive how-to guide
The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty delivers powerful and practical advice for the serious trend trader. Using the principles identified in The Universal Principles of Successful Trading, author Brent Penfold shows curious investors how to become a long-term winner with tried-and-true trend trading methodologies.
The book includes in-depth and comprehensive treatments of topics like:
- Why trend trading is so appealing
- Popular and effective trend trading strategies
- How to measure risk
- Common trend trading mistakes and how to avoid them
Investors and readers will also discover the importance of risk, and how to judge outcomes and strategies on a risk-adjusted basis.
Perfect for anyone interested in trading successfully, The Universal Tactics of Successful Trend Trading is a key strategy guide that belongs on the shelf of anyone involved in the buying and selling of financial securities.
Front Jacket
Brent Penfold's 2010 classic, The Universal Principles of Successful Trading, has been a solid success and continues (with translations in 6 languages) to provide a holistic framework for trading in good times and bad. The book in your hands is both a companion - the much-requested practical application of Brent's trading philosophy - and a standalone guidebook for the serious trend trader.
We are living in volatile, uncertain times. In every area of life - politics, economy, technology, climate and beyond - the future is murky at best. This kind of ambiguity scares many would-be traders out of the game. Yet, as Brent shows in The Universal Tactics of Successful Trend Trading, the more things change, the more they stay the same. For those of us willing to believe in the laws of the market, there is money to be made. This book shows exactly how it's done.
Back Jacket
THE STEP-BY-STEP, PRACTICAL GUIDE TO MAKING TREND TRADING WORK FOR YOU
The Universal Tactics of Successful Trend Trading will show you how to build a sensible, sustainable trading strategy that will work for you in good times and bad. Many people fail at trend trading. You can avoid becoming one of them, if you follow the guidance in this book.
In his signature, no-nonsense style, full-time trader Brent Penfold helps you discover whether you really have the chops to make money by trend trading. Like any trading strategy, trend trading is a risky business, and it takes a strong stomach to weather the losing streaks that will inevitably occur. But if you can stay the course - which is mapped out in detail inside - there is substantial profit to be had.
The Universal Tactics of Successful Trend Trading will show you, with hands-on examples, how to account for the risks inherent to trend trading, so you can succeed no matter what happens on the global scene. The book includes a toolkit that you can use to help you review, select and develop trend trading strategies that work for you. Regardless of whether you supplement this book with Brent's classic book The Universal Principles of Successful Trading, or just pick it up as a standalone, it'll be a decision you will not regret.
Author Biography
BRENT PENFOLD is a full-time trader, author, educator and advisor. He began his career in 1983 as an institutional dealer with Bank America and today specializes in trading global forex, index and commodity markets. He is the author of two Wiley books, The Universal Principles of Successful Trading (2010) and Trading the SPI (2005). Brent publishes daily newsletters for active futures traders and is a popular and sought-after international speaker.
