Product Description
Learn the successful strategies behind hedge fund investing Hedge funds and hedge fund trading strategies have long been popular in the financial community because of their flexibility, aggressiveness, and creativity. Trade Like a Hedge Fund capitalizes on this phenomenon and builds on it by bringing fresh and practical ideas to the trading table. This book shares 20 uncorrelated trading strategies and techniques that will enable readers to trade and invest like never before. With detailed examples and up-to-the-minute trading advice, Trade Like a Hedge Fund is a unique book that will help readers increase the value of their portfolios, while decreasing risk. James Altucher (New York, NY) is a partner… More >>
Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits
Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits
5 Comments
Tags: Fund, Hedge, Like, Profits, Strategies, Successful, Techniques, Trade, Uncorrelated, WinningPosted 25 Mar 2010 in General
Posted 25 Mar 2010 in General
I review this book in the December 31st, 2005 post at trailingstop.typepad.com . Rating: 4 / 5
Essentially day/trend trading at high risk.
His partner who threatened to buy all of the books issued and burn them and their secrets should have. However at least he’s honest that all of one’s efforts can be wiped out by rare blips.
Not worth the cover price for anyone. There are easier ways to blow your brains (and wallet) out! There are no ‘get rich quick’ plans without luck. Better go earn a living or invest and not trade!
As Clint Eastwood said “A man has got to know his limitations!”
Wyckoff’s book on How I Trade and Invest in Stocks and Bonds is still a classic and will warn you to get out if you don’t have a trader’s instincts (and most traders lose too!] Rating: 1 / 5
First, in the spirit of full discolusure, I must state that I work with the author.
As the title states, the book covers 20 uncorrelated trading strategies, all which have been backtested and put through various statistical filters to be deemed profitable. The ideas behind the trading strategies slice the market in various different ways, but all of them rely on a simple application of the scientific method.
Although at the time of publication all of the strategies discussed were profitable, the author does not promise them to be any kind of holy grail, and seasoned traders know that every quantitative strategy is bound to stop working at some point in the future. In that sense, this book will not help anyone figure out a retirmement plan or turn singles into millions in a short span of time. What it will do however is serve as a powerful starting point for anyone wishing to teach themselves the quantitative approach to trading.
The hardest part about being a quant is having the proper imagination to know what to look for and backtest, and all of the strategies in the book go a long way in demonstrating the many ways one can study the markets. Whats more, the book doesnt just teach a trading strategy and go over the backtested results. It also goes over the mental process that lead to the Author’s train of thought, and the step by step process that takes one from a vague notion of somethng like “gap downs are bullish” to a fully defined and systematic trading system. Rating: 4 / 5
I should have known better, after buying and reading 50 or so books related to trading, the title should have given me pause for thought before purchase. No hedge fund trades like this (with the exception of trend following but certainly not with the proposed strategy) Give me a break. The worst $40 I’ve spent in a long time. Don’t waste your time or money Rating: 1 / 5
I am very disappointed after reading this book. The so call “20 strategies” are nothing but pre-school materials. If any body can calls “Buying when price touches the lower Bollinger Band” a strategy is simply just joking to himself. Rating: 1 / 5