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The Trend Following Bible: How Professional Traders Compound Wealth and Manage Risk by David Druz, Andrew Abraham

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PREFACE

I wanted to write a book that I wished I could have read when I first began to trade. This book is unique and I hope it will give you all the tools needed to help you become a successful trader over time. I have had help along the way of my journey of trend following. Writing a book that encompasses all aspects of trading is my way of giving back and helping new and aspiring traders. By teaching and enlightening others I know I will make a difference in many aspiring traders.

Hopefully you will learn from my mistakes and avoid the 18-year learning curve I have been on so far. The lessons I have presented in this book will help you achieve the goals that you are seeking.

I wanted to share my insight—from the perspective of a professional who trades for a living—what one goes through on a daily basis and what a trader needs to know and internalize to become a consistent and successful trader over time. The majority of books I have read over the years seemed to try to boost my confidence by demonstrating how easy trading success can be. Trading for a living is not easy by a long shot.

My goal is to illustrate the major issues and challenges that traders face. I would assume there are those readers who would prefer to seek the “easy.” It really does not exist! My purpose and goal was to dispute all the snake oil, hope, hype, unrealistic get rich quick falsehoods. There is no easy money in the markets. You will have to work hard to achieve success. You will make plenty of mistakes; ...

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