Michael’s best selling book, Rule The Freakin’ Markets! (St. Martin’s Press, 2002), has provided thousands of individual investors with practical trading tips for reading the markets and trading with confidence – without the help of brokers or analysts. The book has been published in (6) different languages and was a Best Seller in Germany as well. His second book, Power Trading/Power Living has sold 10,000s. His latest book, Rule Your Freakin’ Retirement (St.Martin’s Press, 2009) gives invaluable insight into how to retire the right away. His “everyman” approach to trading breaks down the market into historical trends or market tendencies, which provide potentially explosive short and long-term market opportunities to his members.
A legendary trader who famously turned a relatively modest amount of money into several million, Michael serves as Trendfund.com’s lead financial advisor, guiding thousands of subscribers who seek his trading expertise in both Bull and Bear market conditions. Like all Trendfund.com members, Michael uses an online persona; his trading name, “Waxie,” is a nod to a former career in sports memorabilia.
Offering resources to traders at all levels – from housewives to Wall Street analysts – Trendfund.com helps its members take control of their money through analysis and tips from Parness and his team, interactive chats, real-time news, personalized trading classes, and pre- and post-market intelligence.
Michael is a native New Yorker whose first entrepreneurial venture was the creation of a sports memorabilia company called Waxman. Over a ten-year period, Michael built Waxman into New York’s top provider of sports collector’s items. After taking a broker-friend’s bad advice and losing most of his life savings, he developed an interest in the financial markets, and spent his spare time researching market trends and developing his own theories on market behavior.
Determined to earn back his losses and vowing to never use a broker again, Michael began trading for himself, with the moniker “Waxie.” Making use of the skills and instincts he cultivated through years of careful research, Michael turned his account into more than seven million dollars in less than two years.
Michael is regularly consulted for investment advice by major media including The Wall Street Journal, CNNfn, CNBC, New York Post, FOX News, Financial Times, Business Talk Radio and Crain’s New York Business. His informational trading seminars have drawn thousands of attendees across the country, and he has guest lectured at UCLA and Tulane University. At Tulane University’s Freeman Business School,in Spring 2004, Michael was believed to be offered the first graduate level teacher position in the country to focus on Day/Trend Trading. His programs, including his”Trend Trading To Win” infomercial has sold over 100,000 trading courses around the world on how to make money in any market. His new show; My Financial Power Makeover (www.myfpm.com) is soon to be released and Michael feels this offering is his best yet!
An award-winning playwright, Michael’s work has been produced extensively in New York and Los Angeles. His screenplay, “Random Acts of Kindness,” is a two-time Sundance Institute Screenwriter’s Lab finalist and his first feature film, CRAZY FOR LOVE won 14 awards, including Best Feature, Best Screen, Best Director at the Sacramento International Film Festival in 2006, and 3 other Best Film awards around the country. The film is currently at your local Blockbuster, or available through Amazon.com. In addition, Dustin Hoffman’s Punch Productions had optioned Michael’s life story for an autobiographical film based on Michael’s life. And, Michael and his film production company Full Glass Films (www.fullglassfilms.com) have also produced several other films, including; Gospel Hill (Samuel L. Jackson, Julia Stiles, Angela Basset and Danny Glover), The Insurgents, and Foreign Exchange.
Michael’s been honored at the United Nations for his charity work with children with the charity; Help a Mother, Help a Child. He’s also been honored at the Puck Building and co-hosted a charitable event with Susan Sarandon that raised over $100,000 for the same cause. He currently has his Trend Fund Foundation, a 501C-3 that is working with the Dept. of Education in New York on a special scholarship program offering help to at-need students who want to go to college but are struggling. (you can donate to it by emailing Michael at; firstname.lastname@example.org)
Currently Michael is hosting a new radio show called – TREND SUCCESS – where successful people from all walks of life talk about what it means to them to be a success and how others can be one as well. The show can be heard every Monday from 7 to 8 pm EST on CBS’ internet radio station; www.chataboutit.com/about/trend-success
Michael, 46, after returning to school, finally graduated Summa Cum Laude from Hunter College in New York City, and holds a Bachelor of Science degree in English. He lives on Manhattan’s Upper West Side where he continues to rule the freakin’ markets every day!