Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Prepare Now and Survive the Coming Bear Market
    Prepare Now and Survive the Coming Bear Market
    Prepare Now and Survive the Coming Bear Market
    Ebook65 pages58 minutes

    Prepare Now and Survive the Coming Bear Market

    By Michael Sincere and Mark D. Cook

    5/5

    ()

    Read preview

    About this ebook

    In the book, "Prepare Now and Survive the Coming Bear Market," author and columnist Michael Sincere interviews professional trader Mark D. Cook on how to navigate through a treacherous bear market. Cook takes readers through the 11 stages of a bear market, including how it begins and ends. Cook strongly believes a vicious bear market is coming, and you will learn the warning signs that a major plunge is imminent.

    Cook is not just a market expert but he is a Market Wizard who correctly predicted the 1987, 2000, and 2008 market crashes, and also went long in 2009. Most investors can profit when stocks are soaring, yet are overwhelmed when they continually decline. With his 38 years experience, Cook not only survived three major bear markets but also has amassed a fortune from them. In fact, he made the most money during these bear markets precisely because they were so fast and vicious.

    After reading "Prepare Now and Survive the Coming Bear Market," instead of fearing bear markets, you will know what to expect. If you are prepared, it’s possible you can not only avoid losing money but also make a profit.

    LanguageEnglish
    PublisherMichael Sincere
    Release dateJan 7, 2015
    ISBN9781311234308
    Prepare Now and Survive the Coming Bear Market
    Author

    Michael Sincere

    Michael Sincere (www.michaelsincere.com) is the author of a number of investment and trading books.

    Related to Prepare Now and Survive the Coming Bear Market

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      What I Learned from Losing $200 Million: The 2008 financial crisis taught me about the illusion of control, and how to give it up.

      Dec 24, 2015

      I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think

      15 min read

    • Article

      4 Closed-End Funds with Sky-High Yields

      Feb 1, 2018

      With robust yields and share prices trading at a discount to the value of their investment portfolios, these four closed-end funds are worth exploring now. For more about how closed-end funds work (and can add juicy payouts to your portfolio), check

      2 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      Change In Sentiment

      Oct 2, 2020

      Change In Sentiment
      1 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      A Better Way To Tell A Correction From A Bear Market?

      Nov 30, 2018

      The standard definition of a correction is a 10% market decline, while a bear market is a 20% decline. These are simple definitions ... I take a different view. At Cornerstone, we view a correction as a significant decline within an up trend. Th

      3 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      Invest Like It’s 1999

      Dec 6, 2019

      Invest Like It’s 1999
      7 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      How To Set Yourself Free

      Sep 2, 2020

      One of my clients retired at 50 to become a full-time trader, hoping he could shrug off the rat race and the typical work-sleep-work life. Fifteen years later he is still “retired” and still trading full time. Now he calls it what it turned out to be

      6 min read

    • Article

      How to Handle a Bear Market

      May 7, 2020

      There's a reason bear markets are often referred to as panics. This one may turn out to be short, but no one can say it hasn't been severe, with investors not only worried about financial security, but about their very lives. The worst thing you can

      2 min read

    • Article

      Covered Calls: One Way to Earn Extra Income on Your Stocks Without Additional Risk

      May 2, 2018

      "Boy, I would definitely sell Apple if it reached $170 again," a client said to me recently. Like many people, she believed entering a limit order at that price was the logical next step. As we explained, however, writing a covered call option might

      3 min read

    • Article

      The Practical Investor Packs It In

      Mar 7, 2019

      When I first saw the Disney movie The Little Mermaid, I was captured by a line uttered by the villainous sea witch, who taunted the heroine to give up her prized possession (her voice) in exchange for the legs she yearned for. "Life's full of tough c

      2 min read

    Related categories

    Reviews for Prepare Now and Survive the Coming Bear Market

    5/5

    2 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Prepare Now and Survive the Coming Bear Market - Michael Sincere

      PREPARE NOW AND

      SURVIVE THE COMING

      BEAR MARKET

      This Time is Not Different

      By Mark D. Cook and Michael Sincere

      Foreword by Jack Schwager

      © 2015 Published by Sincere Books, LLC at Smashwords

      License Notes

      This ebook is licensed for your personal enjoyment only. It may not be resold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Book Cover Design by Evrice Cornelius

      Layout/formatting by Lighthouse24

      Contents

      Title page

      Dedication

      Foreword

      Introduction

      Prepare Now and Survive the Coming Bear Market

      Conclusion

      Author Biographies

      Acknowledgements

      Dedication

      by Mark D. Cook

      This book is dedicated to my son, Ryan J. Cook, for his inspiration, research, and commitment to the Cook trading rules and principles. Without Ryan's effort, input, and support, this book would not have been possible.

      Foreword

      by Jack Schwager (author of the bestselling books, Market Wizards and Stock Market Wizards)

      The first time I saw Mark Cook he was a fellow speaker at an industry conference, and he made an impression before he uttered a single word. He came up to the podium dressed in bib overalls. He did this to make a point about his roots, but his choice of dress was not merely show; there was also substance to it. Even though he had made millions trading, at the time, Cook continued to do some farm work himself. Although it was difficult to justify his manual labor in any economic sense, Cook rationalized his part-time farm work, which was in addition to the fifty to sixty hours per week he put in as a trader, by saying that he was a workaholic. This may have been true enough, but I also believed that Cook would have felt a tinge of guilt if he had worked only as a trader while his then eighty-one-year-old father continued to farm full-time.

      About a year later (1999), I called Cook to ask him to participate as an interview subject for my third Market Wizards book, Stock Market Wizards. He agreed and I flew out to Ohio to meet him. I interviewed Cook over the course of two days, spending the night as a guest on his farm.

      While I was there, Cook took me for a tour of the local area. As we drove along, Cook pointed out various tracts of land, which he identified by a year number. There’s 1997, he said, referring to the farm he had bought with his 1997 trading profits. There’s 1995, he said a few moments later, and so on. He apparently has had a lot of good years. Cook is almost zealous about converting his trading profits into real assets—and for Cook farmland is the ultimate real asset.

      Cook’s early attempts at trading were marked by setbacks. Cook didn’t just encounter initial failure, he failed repeatedly and spectacularly, losing his entire trading stake several times, and on one occasion, more than his entire net worth. Cook, however, never gave up. Each failure only made him work harder. Finally, after many years of carefully tracking the stock market, filling volumes of market diaries, and assiduously recording and analyzing every trade he made, his trading became consistently profitable.

      Once Cook became confident in his trading abilities, he entered several market contests, registering an 89 percent gain in a four-month competition in 1989, and 563 percent and 322 percent returns in back-to-back annual contests beginning in 1992. His annual returns in the subsequent six years (the six years prior to the year I interviewed him) ranged between 30 percent and a stratospheric 1,422 percent. These statistics are based on defining percent return as annual dollar profits divided by beginning year equity, a conservative definition that understates Cook’s true performance, because he frequently withdraws profits from his account but never adds funds.

      For example, in his low-return year (based on our definition of percent return), his withdrawals during the year exceeded his starting capital. At the time of our interview, Cook had provided me with his account statements for his most recent four years. During this period, he was profitable on 87 percent of all trading days, with one-third of the months showing only winning days.

      I had interviewed Cook only months before the major stock market peak in early 2000. I contacted Cook several years later to get an update before the release of a paperback version of Stock Market Wizards. Cook had continued to roll along in his trading. Given his methodology, it makes no difference to him whether stocks are in a bull market or a bear market.

      For comparison, though, during the April 2000 - September 2002 period when the S&P 500 declined by 45 percent and the Nasdaq by 75 percent, Cook’s trading account realized a

      Enjoying the preview?
      Page 1 of 1