"I've been waiting so long for this. After reading The Universal Principles of Successful Trading over 10 years ago I really hoped Brent would have written more about trading and here he comes. And once more Brent was able to turn the light on, from theory to practice, telling the truth, telling the obvious but still leading to so many a-ha moments throughout the pages of this new masterpiece. We always say that trend following is dead and we regret not having participated once a major trend appears. With this book, Brent definitively shows how trend following is alive and kicking and explains from A to Z how to be part of this game. Well done, Brent!"
— Andrea Unger, four times winner of the World Cup Championship of Futures Trading® 2008, 2009, 2010 & 2012
“Let's don't sugar coat it: trends are the only truth you have for a chance at above average returns. And Brent Penfold's The Universal Tactics of Successful Trend Trading is a great trend following book to help you get there.”
— Michael Covel, author of Trend Following and TurtleTrader
“Brent has a superb writing style; says exactly what he means and does not hold back. In fact, he bluntly states the truth about trading and in this case trend trading. At the beginning he almost talks you out of it since he fully understands most will not stick with it. It is clear he has been trading with real money for decades and has, like most of us, learned the hard lessons of trading. He shares all of them with us; the good, the bad, and the ugly. Buy this book, read it, and you will not be disappointed. This is a book that you will read more than once.”
— Gregory L. Morris, author of Investing with the Trend
“Trend following on commodities has been an extremely difficult pursuit over the last 5 years, even for the pros. However, using such an approach within a broader portfolio of equities, commodities and bonds is well recognised to produce uncorrelated returns, especially during times of crisis.
The Universal Tactics of Successful Trend Trading is the ideal book to deliver not only the background foundations, but also a variety of time-tested strategies. Brent succinctly pores over data on each to provide a fair and balanced conclusion on their ability to produce profits.
As a 35-year veteran of the markets, I highly recommend UTSTT as a must read for serious traders and investors wanting to succeed in the world of trend following.”
— Nick Radge, www.nickradge.com
“Penfold writes as an actual trading professional of many years experience and, of equal importance, he gets right into the detail of trading. Among the myriad topics covered in The Universal Tactics of Successful Trend Trading, there is a comprehensive survey of the best known trend trading systems with analysis of their rules, attributes and performance. For those looking for dreams and the hype, I would suggest looking elsewhere. For those seeking a complete grounding in trend trading, then this is essential reading.”
— Michael Cook, two times winner of the World Cup Championship of Futures Trading® 2007 & 2014
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.
