Showing posts with label Trading. Show all posts
Showing posts with label Trading. Show all posts
Monday, April 27, 2009
How to Write Blockbuster Sales Letters
Product Description
Beb Hart's letters have generated more than $500 million during the last 20 years.
"Amazing returns on my mailings"
"Ben Hart has given me the secret to getting into the mind of my customer and generating amazing returns on my mailings. With just a few simple changes to my own writing, I am already seeing dramatic results. Thank you for this powerful, step-by-step formula for creating ‘Blockbuster Sales Letters’."
-Valerie Hasara, Editor, OyesUcan.com
"Absolutely the best in the business"
"Ben Hart is absolutely the best in the business. His direct mail campaigns have single handedly turned many floundering and start-up enterprises into multi-million-dollar powerhouses. Ben’s books are packed full of strategies, methods, rules and tips that will profit direct mail experts and beginners alike. And Hart’s books are enormously fun to read. His writing is clear and direct . . . Every direct mail veteran, as well as anyone planning to launch their very first direct mail marketing campaign, must read Ben’s books immediately. I will read this book many times."
-Steve Loflin, Executive Director, National Society of Collegiate Scholars (400,000 members)
"One of the true masters"
"The dirty little secret of direct mail is that you can count the true masters on two hands and still have several fingers left over. These are the giants who produce the huge results over and over again. Ben Hart is one of the true masters. He’s the guy the others are always studying and trying to ‘steal smart’ from. When you read this book you are learning a lifetime of success secrets from the very best in the business."
-Richard Rossi, Co-Founder, Envision EMI, Inc., Marketer of educational programs that enroll 50,000 students every year with annual revenue of more than $70,000,000 generated by direct mail
"One of the creative giants in direct mail today"
"Ben Hart is one of the creative giants in direct mail today. I have personally sent Ben to number of my largest clients to help them improve their direct mail programs. Each one has thanked me because Ben’s packages have consistently beaten everything they’ve been doing."
-Glen Thomas, Co-Owner, RST Marketing
Product Details
* Amazon Sales Rank: #1007660 in Books
* Published on: 2006-01-12
* Original language: English
* Number of items: 1
* Binding: Paperback
* 236 pages
Editorial Reviews
About the Author
Ben Hart's letters have generated more than $500,000,000 in sales and donations for scores of businesses and non-profit organizations during the past 20 years. Hart is the author of five books.
Mechanical Trading Systems
Product Description
A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory
Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and other risk quantification tools; and methods of improving rates of return on investments without significantly increasing risk. Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types.
Richard L. Weissman (Port Richey, FL) has seventeen years' experience as a trader and developer of trading systems. He currently provides independent consultation an d training services to traders and risk management professionals in the areas of technical analysis, risk management, and trader psychology.
Product Details
* Amazon Sales Rank: #90402 in Books
* Published on: 2004-12-03
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 217 pages
Editorial Reviews
Review
"The book is highly recommended for almost anyone involved in trading, forecasting, or studying the markets." (Technical Analyst, July/August 2005)
From the Inside Flap
When mechanical trading systems were first introduced into the arsenal of trading tools, the trader interested in utilizing these tools would have needed programming expertise, a strong background in mathematical technical analysis, and iron-willed discipline. Today, trading system software developed by market-data vendors has become so user-friendly, that nonprogrammers with only a rudimentary understanding of mathematical technical analysis can successfully create and backtest simple trading systems like those offered throughout this book.
In Mechanical Trading Systems, Richard Weissman uses his experiences as a trader and trading systems expert to take this concept to a new level. Filled with in-depth insight and practical advice, this book examines the development process for choosing and using mechanical trading techniques in conjunction with trader psychology. Mechanical Trading Systems skillfully explores the dangers in system development and how to avoid them; how backtesting and forward testing of trading systems aids in quantification of price risk; and the methods of improving rates of return on investments without significantly increasing risk. It also provides a detailed examination of the personality traits common to the three basic types of trader—trend-following (long to intermediate term), mean reversion (intermediate-term), and short-term (swing and day traders)—and illustrates how a strict adherence to specific types of trading systems can foster a psychological flexibility that will allow you to succeed in all kinds of trading environments: countertrending, choppy, or trending.
Some of the other issues discussed within these pages include:
* Why mathematical technical analysis is anideal building block in the development of mechanical trading systems
* How various flaws in trader psychology—fearfulness, impatience, greed, and lack of discipline—can be overcome
* The pros and cons of various traditional price risk management methods, such as stop loss and volumetric price risk management
* The psychological aspects of price risk management and how utilization of mechanical trading systems can aid in fostering confidence during drawdowns
* How your knowledge and experience can be utilized within the framework of a mechanical trading system
Mechanical Trading Systems offers a wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory. If you plan on improving your trading skills, this comprehensive resource can help you succeed.
From the Back Cover
Praise for MECHANICAL TRADING SYSTEMS
"Mr. Weissman's work is a metaphysical journey through the art of war. One need only read his preface to gain the true wisdom of market trading. What follows is a clearly marked guide to trading discipline and market mathematics . . . a stand out in a forest of technical works."
—Timothy Kelly, Founder and CEO, FOREX Television
"Mechanical Trading 101. The most complete, concise, and thorough analysis of every aspect of mechanical trading, from detailed case studies to enlightening reviews of psychological trading profiles. A real systematic approach to mechanical trading that will certainly improve your trading at any stage of your career."
—Frédéric Bettan, Business Development Manager, Institutional Clientele, Montréal Exchange
"A serious and sophisticated book for the advanced technical trader. Mr. Weissman emphasizes exactly the right aspect of designing and using a trading system——it has to match your character and personality to be of practical day-to-day use."
—Barbara Rockefeller, author of The Global Trader and Technical Analysis for Dummies
"A great contribution from a brilliant thought leader. . . . Mr. Weissman offers intriguing insight into trading by traveling across many disciplines in the process. His analysis of transformational psychology within the context of a mechanical trading system is a must-read for everyone involved in investment management. I am sure that institutional investors will benefit a great deal from his intuitive and innovative style."
—Kurtay Ogunc, PhD, MBA, CMFC, Managing Partner and CIO, Alpha Dynamics Group, LLC
"Mr. Weissman synthesizes a wealth of research and observations about human behavior and the use of mechanical trading systems in order to reprogram the trader. No other book so splendidly lays out the task of mental system creation, system construction, and system testing. The tools in this book go beyond system development in aiding to defuse erroneous human behavior in trading.I recommend this book to anyone who intends to trade utilizing systematic or discretionary programs in today's financial markets."
—Jesse M. Van Luvan, Managing Partner, Ambidex Fund and CEO, South Paw Strategic Investment, LLC
Wednesday, January 14, 2009
Sniper Trading Workbook Step by Step Exercises to Help You Master Sniper Trading
Product Description
The Sniper Trading Workbook is the perfect complement to Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options, and Futures. This workbook provides an invaluable opportunity to explore your understanding of the formulas and strategies covered in the main text–before you put them to use in real market environments.
Each chapter of the workbook is designed to stand on its own, so you can tackle one strategy before moving on to another. A brief description of the topic at hand is followed by a series of questions on that topic and their solutions. Test your knowledge on the concepts, techniques, and systems discussed in Sniper Trading, with realistic examples that are likely to occur during the normal course of short-term trading, including:
* The Two Major Daily Trends
* The 3-Day Difference: How to Measure Market Momentum
* Chart Patterns: Finding Symmetry in the Market
* Confirming Indicators
* Strategies for Getting Out of Trouble
* Seasonal Trends
With over thirty chapters dedicated to short-term trading, the Sniper Trading Workbook provides an honest answer to the question: Am I truly prepared to trade?
Product Details
* Amazon Sales Rank: #436577 in Books
* Published on: 2002-01-04
* Released on: 2001-12-27
* Original language: English
* Number of items: 1
* Binding: Paperback
* 168 pages
Editorial Reviews
From the Back Cover
The Sniper Trading Workbook is the perfect complement to Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options, and Futures. This workbook provides an invaluable opportunity to explore your understanding of the formulas and strategies covered in the main text–before you put them to use in real market environments.
Each chapter of the workbook is designed to stand on its own, so you can tackle one strategy before moving on to another. A brief description of the topic at hand is followed by a series of questions on that topic and their solutions. Test your knowledge on the concepts, techniques, and systems discussed in Sniper Trading, with realistic examples that are likely to occur during the normal course of short-term trading, including:
* The Two Major Daily Trends
* The 3-Day Difference: How to Measure Market Momentum
* Chart Patterns: Finding Symmetry in the Market
* Confirming Indicators
* Strategies for Getting Out of Trouble
* Seasonal Trends
With over thirty chapters dedicated to short-term trading, the Sniper Trading Workbook provides an honest answer to the question: Am I truly prepared to trade?
About the Author
GEORGE ANGELL is the author of eight books on trading including the bestselling Winning in the Futures Market and Sure-Thing Options Trading. In addition, Angell lectures on the futures and options markets and creates software, audio, and videotapes on trading strategy. He has been a guest on CNBC and CBS television as well as numerous radio shows. He spent ten years as a floor trader and is a graduate of New York University. Angell divides his time between trading and lecturing, writing, and consulting on the markets.
Customer Reviews
sniper trading5
Being a colllege professor for more than 3 decades, I have read too many books on money, market, investing , and trading. I found
George Angell's book one of the best. It tells as it is and reveals not only the in-and-out, the up-and-down of trading the market but also the philosophy of life, the psychology of trading, and the attitude of winning the games. I recommend this book to anyone who has interest in shot-term trading.
The Professor
Come Into My Trading Room: A Complete Guide to Trading
Product Description
Come Into My Trading Room
A Complete Guide to Trading
You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.
In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.
Come Into My Trading Room offers:
* A complete introduction to trading essentials
* An overview of trading psychology, both individual and mass psychology of the markets
* A practical overview of technical analysis, including new indicators and systems
* A step-by-step guide to risk control and money management
* Exact instructions for keeping records and organizing your time
* A visit to Dr. Elder’s private trading room, reviewing several of his recent trades
Be sure to work through the companion volume to this book–Study Guide for Come Into My Trading Room–before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder’s Study Guide to make sure that you can measure up to your competitors and surpass them.
Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be.
Product Details
* Amazon Sales Rank: #15938 in Books
* Published on: 2002-04-19
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 320 pages
Editorial Reviews
From the Inside Flap
How long will it take you to become a competent trader and how much will it cost?
What markets should you trade and how much can you expect to make?
What rules should you set, what methods should you use, how should you split your trading capital?
If these questions interest you, you picked the right book. Written by a professional trader, an expert in technical analysis, and a practicing psychiatrist, Come Into My Trading Room: A Complete Guide to Trading comes out nine years after Dr. Alexander Elder’s international bestseller Trading for a Living, reflecting his latest discoveries and concepts.
Come Into My Trading Room opens with a brief primer–aptly named Financial Trading for Babes in the Woods–aimed at newcomers, but containing important information for experienced traders. It clarifies topics whose mastery is essential for everyone: what markets to trade, how to interpret financial theories, and how to handle common barriers to success.
Moving up from the basics to the heart and soul of Dr. Elder’s methods, Come Into My Trading Room teaches the three key aspects of trading–Mind, Method, and Money. First, you see that the key to winning is in your mind–discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day-trading, as well as longer-term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market–stocks, futures, options, or currencies.
Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won’t sink if one section becomes flooded. The next section of this comprehensive trading guide–The Organized Trader–takes you where no trading book has ever gone before. It teaches you how to organize your time and effort. You learn to select markets and design a decision-making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records–three of them looking back and
one looking forward–that are essential for any serious trader.
In the final section of this book, Dr. Elder delivers another first in trading literature–he invites you into his trading room and takes you with him on half a dozen of his recent trades, illustrating entries and exits with charts.
Distilling twenty years of trading and teaching experience, this book will put you on the road to mastering a new way of trading stocks, futures, options, and currencies. By the time you leave Dr. Elder’s trading room, you’ll be in a position to take your trading to a higher, more intelligent, and successful level.
From the Back Cover
Come Into My Trading Room
A Complete Guide to Trading
You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.
In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.
Come Into My Trading Room offers:
* A complete introduction to trading essentials
* An overview of trading psychology, both individual and mass psychology of the markets
* A practical overview of technical analysis, including new indicators and systems
* A step-by-step guide to risk control and money management
* Exact instructions for keeping records and organizing your time
* A visit to Dr. Elder’s private trading room, reviewing several of his recent trades
Be sure to work through the companion volume to this book–Study Guide for Come Into My Trading Room–before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder’s Study Guide to make sure that you can measure up to your competitors and surpass them.
Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be.
About the Author
ALEXANDER ELDER, MD, is a professional trader, an expert in technical analysis, and a practicing psychiatrist. He is the founder of Financial Trading Inc., a firm that provides intensive trading camps for traders worldwide. Dr. Elder’s first book, Trading for a Living, and its companion Study Guide have sold over 160,000 copies in English and were translated into nine languages. Dr. Elder’s Web site is elder.com.
Customer Reviews
Excellent book!5
I read Trading for a Living a few years ago and was amazed by the author's insight into the trader's mind. In this book I did find some common material but it served more as a refresher than a repeat. There is a lot more new information (SafeZone stops, money management, other markets etc) This book works great for both long term as well as short term traders. Knowledge is everything and learning from mistakes is priceless. Truly an amazing book and I can imagine a lot of traders reading it and feeling it was written for them. Also, the author recommends not blindly following his examples but learning from them and fine tuning the indicators to suit our needs. All in all, a great book!
Review from a professional Forex trader5
Simply the finest book on trading I have read to date. I credit this book with being a large part of why I went from consistently losing on trades, to consistently making profits. I think that traders in any market would benefit from this book, and if you don't learn valuable lessons from this book you simply aren't trying. The sections on triple screen trading are worth the price of admission alone. I've read a lot of lousy trading books, so I though it was worth posting my very first review for the best.
Great book5
I think that it is very difficult to give the right information for such a matter, but dr. Elder has succeeded in saying the right thinks in the right way, even to a person like me that is almost a beginner in the trading affair. Really great.
Commodity Trading Advisors: Risk, Performance Analysis, and Selection
Product Description
Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs
Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first books to study their performance in detail and analyze the "survivorship bias" present in CTA performance data. This book investigates the many benefits and risks associated with CTAs, examining the risk/return characteristics of a number of different strategies deployed by CTAs from a sophisticated investor's perspective. A contributed work, its editors and contributing authors are among today's leading voices on the topic of commodity trading advisors and a veritable "Who's Who" in hedge fund and CTA research.
Greg N. Gregoriou (Plattsburgh, NY) is a Visiting Assistant Professor of Finance and Research Coordinator in the School of Business and Economics at the State University of New York. Vassilios N. Karavas (Amherst, MA) is Director of Research at Schneeweis Partners. Francois-Serge Lhabitant (Coppet, Switzerland) is a FAME Research Fellow, and a Professor of Finance at EDHEC (France) and at HEC University of Lausanne (Switzerland). Fabrice Rouah (Montreal, Quebec) is Institut de Finance Mathématique de Montréal Scholar in the finance program at McGill University.
Product Details
* Amazon Sales Rank: #510500 in Books
* Published on: 2004-09-24
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 424 pages
Editorial Reviews
From the Inside Flap
Commodity Trading Advisors (CTAs) use proprietary trading programs that buy and sell commodities and financial futures around the globe. Different than hedge fund and long-only portfolio managers, they don’t follow any stock or bond market trends, but rather, attempt to seize opportunities in a variety of commodity and financial futures markets. The investment potential of CTAs is undeniable, yet little has been done to study their performance in detail--until now.
In Commodity Trading Advisors: Risk, Performance Analysis, and Selection editors Greg Gregoriou, Vassilios Karavas, François-Serge Lhabitant, and Fabrice Rouah bring together the best minds in the business to analyze CTAs from both a quantitative and qualitative perspective. Divided into four comprehensive sections--Performance; Risk and Managed Futures Investing; Managed Futures Investing, Fees, and Regulation; and Program Evaluation, Selection, Diversification, and Returns--this unique resource contains articles that cover a wide range of CTA issues, including:
* The performance of CTAs in changing market conditions
* Simple and cross efficiency of CTAs using data envelopment analysis
* The effect of large hedge fund and CTA trading on futures market volatility
* Measuring the long volatility strategies of managed futures
* Managed futures funds and other fiduciary products
* Choosing the right CTA
* How to design a commodity trading futures program
Although much of the information related to CTAs can be technical in nature, Commodity Trading Advisors distills the knowledge of experts within this field in the most straightforward and accessible way possible. You’ll become familiar with many of the benefits and risks associated with CTAs as well as the risk/return characteristics of a number of different strategies implemented by them. You’ll also learn about important CTA selection and monitoring issues, such as evaluation, returns, and tracking.
Filled with in-depth insights and practical advice, Commodity Trading Advisors can help you--whether you’re an institutional investor, pension fund manager, endowment fund, or high-net-worth individual--understand the complexities of this alternative investment opportunity, and show you how to use CTAs as a portfolio diversification tool that can mitigate downside risk in any market.
From the Back Cover
Praise for Commodity Trading Advisors
"This book represents a complete course in the hows and whys of investing with CTAs. Institutional and individual investors would be wise to understand the issues raised here in order to properly control their CTA investments."
--Richard E. Oberuc, Chairman of the Foundation of Managed Derivatives Research
"The editors of this wonderful book rightfully identified a crying need and filled it very well. The book provides a great comprehensive review of the Commodity Trading Advisors marketplace and uses extremely well-respected authors to write about all the critical individual issues. The book should be on the night table of anyone seriously considering or managing investments in that space."
--Jean L.P. Brunel, Managing Principal, Brunel Associates LLC
"This reader contains a remarkably complete and accessible collection of papers on managed futures and commodity funds. I congratulate the editors as, yet again, they present only the research that is genuinely important for investors. It can be the investor’s ‘one-stop guide’ to maximizing the benefits of portfolio diversification using Commodity Trading Advisors."
--Carol Alexander, Chair of Risk Management and Director of Research
ISMA Centre, Business School, University of Reading
"The editors of Commodity Trading Advisors are to be congratulated for bringing together an excellent collection of articles that are a blend of theoretical, empirical, and practical analysis. The book offers penetrating insights from both academics and practitioners who are at the forefront of research in the area of alternative investments. I recommend that every serious investor or researcher have a copy of this book on their desk."
--Hossein Kazemi, Associated Director of CISDM, Isenberg School of Management
"An outstanding collection of articles on Commodity Trading Advisors! This book serves as a key reference for anyone interested in issues relating to risks, performance, benchmarking, manager selection and evaluation, and regulation in the alternative investment industry. A definitive addition to your collection!"
--Vikas Agarwal, Assistant Professor of Finance
J. Mack Robinson College of Business, Georgia State University
"The book provides a thorough and much-needed discussion on the many facets and properties of their investment strategies. The editors are to be congratulated on their compilation of so many expert views on one of the most fascinating disciplines in modern finance."
--Dr. Lars Jaeger, Partner, Partners Group
About the Author
GREG N. GREGORIOU is Assistant Professor of Finance and Faculty Research Coordinator in the School of Business and Economics at the State University of New York (Plattsburgh). He is the hedge fund editor for Derivatives Use, Trading & Regulation, a peer-reviewed publication based in London, and was awarded the prestigious scholarship from the Institut de Finance Mathématique de Montréal for three years. He has authored over twenty professional articles in brokerage and pension fund magazines in Québec and Canada. He currently provides hedge fund and CTA quantitative and qualitative research for a large Canadian firm and specializes in the construction and monitoring of funds of hedge funds using advanced statistical techniques.
VASSILIOS N. KARAVAS is currently Director of Research at Schneeweis Partners in Amherst, Massachusetts. His research focus is on alternative optimization techniques, ranging from disequilibrium market models to hedge fund portfolio selection. Vassilios holds a PhD in Operations Research from the University of Massachusetts at Amherst, an MS, and a Diploma in Industrial Engineering from the Technical University of Crete-Chania, Greece. He is also a research associate of the Center for International Securities and Derivatives Markets (CISDM).
FRANÇOIS-SERGE LHABITANT is a Member of Senior Management at Union Bancaire Privée in Geneva, where he heads the quantitative research and risk analysis of the Alternative Asset Management Group. He was previously a director at UBS Global Asset Management in charge of quantitative modeling. He is a FAME Research Fellow, a Research Associate at EDHEC (France), and Professor of Finance at HEC University of Lausanne (Switzerland). He is author of two books on hedge fund investing and emerging markets.
FABRICE ROUAH is an Institut de Finance Mathématique de Montréal (IFM2) Scholar, and a PhD candidate in finance at McGill University in Montreal. He is a former faculty lecturer and consulting statistician in the Department of Mathematics and Statistics at McGill University. He specializes in the statistical and stochastic modeling of hedge funds, managed futures, and CTAs, and is a regular contributor in peer-reviewed academic publications on alternative investments.
Friday, October 3, 2008
Guide to the Successful Thesis and Dissertation
Product Description
Augmented with a new bibliography and streamlined appendices, the Guide to the Successful Thesis and Dissertation, Fifth Edition views the valuable addition of references to university research libraries and advanced information on websites, online searches, electronic literature, and other modern computer methods as crucial for the successful completion of any T/D. This popular text guide features new references and computer-oriented resources for every stage in the creation of honors and master's theses and dissertations and refers to current T/D statistics, federal regulations, ethical codes, and copyright issues and legalities involved in information gathering and study conduct.
Product Details
* Amazon Sales Rank: #30743 in Books
* Published on: 2003-05-01
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 360 pages
Editorial Reviews
Review
One of the greatest qualities of this book is that it addresses both students and faculty. … The book is a great reference and certainly it will be a book that I will go back to read when I embark on my thesis.
- Australian Journal of Medical Science
One of the greatest qualities of this book is that it addresses both students and faculty. … The book is a great reference and certainly it will be a book that I will go back to read when I embark on my thesis.
- Australian Journal of Medical Science
Customer Reviews
Review for Guide to the Successful Thesis and Dissertation 5
Excellent reference-good guide for the dissertation process- covers all applicable topics in sufficient depth. A worthwhile reference for any student working on their thesis or dissertation
Great strenths, some weaknesses4
This book is designed for both students and faculty, so it spends a lot of time giving advice to both sides. That is the primary reason for the length.
Coverage is very thorough for the political and social aspects of dissertation writing, probably more so than in any other book. Choosing a topic is also well covered. The main weakness is in specifics of producing the document, e.g. how to write the literature review or present the methodology.
This book should definitely be on the shelf of any faculty, but a student may do better to look it over in the library. A good, concise treatment of the disseration process is Davis & Parker.
A practical guideline for success!5
As someone who works privately with students, helping them with theses and dissertations, I highly recommend this book. When students call me in regard to assistance with their thesis or dissertation, I recommend that they buy this book and use it as a reference. As the title states, this book offers practical guidelines for success, enabling students to get through the thesis or dissertation process as smoothly as possible. It is one of the most practical guideline for writing a thesis or dissertation that I have come across.
Augmented with a new bibliography and streamlined appendices, the Guide to the Successful Thesis and Dissertation, Fifth Edition views the valuable addition of references to university research libraries and advanced information on websites, online searches, electronic literature, and other modern computer methods as crucial for the successful completion of any T/D. This popular text guide features new references and computer-oriented resources for every stage in the creation of honors and master's theses and dissertations and refers to current T/D statistics, federal regulations, ethical codes, and copyright issues and legalities involved in information gathering and study conduct.
Product Details
* Amazon Sales Rank: #30743 in Books
* Published on: 2003-05-01
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 360 pages
Editorial Reviews
Review
One of the greatest qualities of this book is that it addresses both students and faculty. … The book is a great reference and certainly it will be a book that I will go back to read when I embark on my thesis.
- Australian Journal of Medical Science
One of the greatest qualities of this book is that it addresses both students and faculty. … The book is a great reference and certainly it will be a book that I will go back to read when I embark on my thesis.
- Australian Journal of Medical Science
Customer Reviews
Review for Guide to the Successful Thesis and Dissertation 5
Excellent reference-good guide for the dissertation process- covers all applicable topics in sufficient depth. A worthwhile reference for any student working on their thesis or dissertation
Great strenths, some weaknesses4
This book is designed for both students and faculty, so it spends a lot of time giving advice to both sides. That is the primary reason for the length.
Coverage is very thorough for the political and social aspects of dissertation writing, probably more so than in any other book. Choosing a topic is also well covered. The main weakness is in specifics of producing the document, e.g. how to write the literature review or present the methodology.
This book should definitely be on the shelf of any faculty, but a student may do better to look it over in the library. A good, concise treatment of the disseration process is Davis & Parker.
A practical guideline for success!5
As someone who works privately with students, helping them with theses and dissertations, I highly recommend this book. When students call me in regard to assistance with their thesis or dissertation, I recommend that they buy this book and use it as a reference. As the title states, this book offers practical guidelines for success, enabling students to get through the thesis or dissertation process as smoothly as possible. It is one of the most practical guideline for writing a thesis or dissertation that I have come across.
How to Write Blockbuster Sales Letters
Editorial Reviews
About the Author
Ben Hart's letters have generated more than $500,000,000 in sales and donations for scores of businesses and non-profit organizations during the past 20 years. Hart is the author of five books.
Customer Reviews
All Bow Down And Hail Ben Hart...5
This brilliant book is destined to become a literary classic of the higest regards. This is deep psychological marketing at its best. How would you like to know what emotion to tap in your sales copy that will double your sales? Or what about the most effective way to start your sales letter? How about a money phrase that I have personally used to increase my sales by 20%? It's all packed into this power house of a book.
This book goes far beyond just direct mail marketing, which frankly I have little interest in, and taps into something much deeper: the human. Ben shows you how the basic marketing principles on how to exploit human nature go all the way back to Jesus Christ and the Bible. He goes on to make the point that the basic laws of marketing have existed for over 2,000 years and that they will never change because they are based on needs and desires of humans.
This flies in the face of college courses that teach culture diversity and that we are all different. Nonsense! Ben shows the doorway to what we all have in common, and then drives a Mac truck right through it with the sample sales copy he provides you. You simply adapt his sales copy to your needs and be prepared to start handling all the orders that come rolling in. Every master marketer needs to have this book.
From the author of [[ASIN:1432729543 Internet Marketing
Product Description
Beb Hart's letters have generated more than $500 million during the last 20 years.
"Amazing returns on my mailings"
"Ben Hart has given me the secret to getting into the mind of my customer and generating amazing returns on my mailings. With just a few simple changes to my own writing, I am already seeing dramatic results. Thank you for this powerful, step-by-step formula for creating ‘Blockbuster Sales Letters’."
-Valerie Hasara, Editor, OyesUcan.com
"Absolutely the best in the business"
"Ben Hart is absolutely the best in the business. His direct mail campaigns have single handedly turned many floundering and start-up enterprises into multi-million-dollar powerhouses. Ben’s books are packed full of strategies, methods, rules and tips that will profit direct mail experts and beginners alike. And Hart’s books are enormously fun to read. His writing is clear and direct . . . Every direct mail veteran, as well as anyone planning to launch their very first direct mail marketing campaign, must read Ben’s books immediately. I will read this book many times."
-Steve Loflin, Executive Director, National Society of Collegiate Scholars (400,000 members)
"One of the true masters"
"The dirty little secret of direct mail is that you can count the true masters on two hands and still have several fingers left over. These are the giants who produce the huge results over and over again. Ben Hart is one of the true masters. He’s the guy the others are always studying and trying to ‘steal smart’ from. When you read this book you are learning a lifetime of success secrets from the very best in the business."
-Richard Rossi, Co-Founder, Envision EMI, Inc., Marketer of educational programs that enroll 50,000 students every year with annual revenue of more than $70,000,000 generated by direct mail
"One of the creative giants in direct mail today"
"Ben Hart is one of the creative giants in direct mail today. I have personally sent Ben to number of my largest clients to help them improve their direct mail programs. Each one has thanked me because Ben’s packages have consistently beaten everything they’ve been doing."
-Glen Thomas, Co-Owner, RST Marketing
Product Details
* Amazon Sales Rank: #316145 in Books
* Published on: 2006-01-12
* Original language: English
* Number of items: 1
* Binding: Paperback
* 236 pages
Editorial Reviews
About the Author
Ben Hart's letters have generated more than $500,000,000 in sales and donations for scores of businesses and non-profit organizations during the past 20 years. Hart is the author of five books.
Customer Reviews
All Bow Down And Hail Ben Hart...5
This brilliant book is destined to become a literary classic of the higest regards. This is deep psychological marketing at its best. How would you like to know what emotion to tap in your sales copy that will double your sales? Or what about the most effective way to start your sales letter? How about a money phrase that I have personally used to increase my sales by 20%? It's all packed into this power house of a book.
This book goes far beyond just direct mail marketing, which frankly I have little interest in, and taps into something much deeper: the human. Ben shows you how the basic marketing principles on how to exploit human nature go all the way back to Jesus Christ and the Bible. He goes on to make the point that the basic laws of marketing have existed for over 2,000 years and that they will never change because they are based on needs and desires of humans.
This flies in the face of college courses that teach culture diversity and that we are all different. Nonsense! Ben shows the doorway to what we all have in common, and then drives a Mac truck right through it with the sample sales copy he provides you. You simply adapt his sales copy to your needs and be prepared to start handling all the orders that come rolling in. Every master marketer needs to have this book.
From the author of [[ASIN:1432729543 Internet Marketing
About the Author
Ben Hart's letters have generated more than $500,000,000 in sales and donations for scores of businesses and non-profit organizations during the past 20 years. Hart is the author of five books.
Customer Reviews
All Bow Down And Hail Ben Hart...5
This brilliant book is destined to become a literary classic of the higest regards. This is deep psychological marketing at its best. How would you like to know what emotion to tap in your sales copy that will double your sales? Or what about the most effective way to start your sales letter? How about a money phrase that I have personally used to increase my sales by 20%? It's all packed into this power house of a book.
This book goes far beyond just direct mail marketing, which frankly I have little interest in, and taps into something much deeper: the human. Ben shows you how the basic marketing principles on how to exploit human nature go all the way back to Jesus Christ and the Bible. He goes on to make the point that the basic laws of marketing have existed for over 2,000 years and that they will never change because they are based on needs and desires of humans.
This flies in the face of college courses that teach culture diversity and that we are all different. Nonsense! Ben shows the doorway to what we all have in common, and then drives a Mac truck right through it with the sample sales copy he provides you. You simply adapt his sales copy to your needs and be prepared to start handling all the orders that come rolling in. Every master marketer needs to have this book.
From the author of [[ASIN:1432729543 Internet Marketing
Product Description
Beb Hart's letters have generated more than $500 million during the last 20 years.
"Amazing returns on my mailings"
"Ben Hart has given me the secret to getting into the mind of my customer and generating amazing returns on my mailings. With just a few simple changes to my own writing, I am already seeing dramatic results. Thank you for this powerful, step-by-step formula for creating ‘Blockbuster Sales Letters’."
-Valerie Hasara, Editor, OyesUcan.com
"Absolutely the best in the business"
"Ben Hart is absolutely the best in the business. His direct mail campaigns have single handedly turned many floundering and start-up enterprises into multi-million-dollar powerhouses. Ben’s books are packed full of strategies, methods, rules and tips that will profit direct mail experts and beginners alike. And Hart’s books are enormously fun to read. His writing is clear and direct . . . Every direct mail veteran, as well as anyone planning to launch their very first direct mail marketing campaign, must read Ben’s books immediately. I will read this book many times."
-Steve Loflin, Executive Director, National Society of Collegiate Scholars (400,000 members)
"One of the true masters"
"The dirty little secret of direct mail is that you can count the true masters on two hands and still have several fingers left over. These are the giants who produce the huge results over and over again. Ben Hart is one of the true masters. He’s the guy the others are always studying and trying to ‘steal smart’ from. When you read this book you are learning a lifetime of success secrets from the very best in the business."
-Richard Rossi, Co-Founder, Envision EMI, Inc., Marketer of educational programs that enroll 50,000 students every year with annual revenue of more than $70,000,000 generated by direct mail
"One of the creative giants in direct mail today"
"Ben Hart is one of the creative giants in direct mail today. I have personally sent Ben to number of my largest clients to help them improve their direct mail programs. Each one has thanked me because Ben’s packages have consistently beaten everything they’ve been doing."
-Glen Thomas, Co-Owner, RST Marketing
Product Details
* Amazon Sales Rank: #316145 in Books
* Published on: 2006-01-12
* Original language: English
* Number of items: 1
* Binding: Paperback
* 236 pages
Editorial Reviews
About the Author
Ben Hart's letters have generated more than $500,000,000 in sales and donations for scores of businesses and non-profit organizations during the past 20 years. Hart is the author of five books.
Customer Reviews
All Bow Down And Hail Ben Hart...5
This brilliant book is destined to become a literary classic of the higest regards. This is deep psychological marketing at its best. How would you like to know what emotion to tap in your sales copy that will double your sales? Or what about the most effective way to start your sales letter? How about a money phrase that I have personally used to increase my sales by 20%? It's all packed into this power house of a book.
This book goes far beyond just direct mail marketing, which frankly I have little interest in, and taps into something much deeper: the human. Ben shows you how the basic marketing principles on how to exploit human nature go all the way back to Jesus Christ and the Bible. He goes on to make the point that the basic laws of marketing have existed for over 2,000 years and that they will never change because they are based on needs and desires of humans.
This flies in the face of college courses that teach culture diversity and that we are all different. Nonsense! Ben shows the doorway to what we all have in common, and then drives a Mac truck right through it with the sample sales copy he provides you. You simply adapt his sales copy to your needs and be prepared to start handling all the orders that come rolling in. Every master marketer needs to have this book.
From the author of [[ASIN:1432729543 Internet Marketing
Mechanical Trading Systems
Product Description
A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory
Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and other risk quantification tools; and methods of improving rates of return on investments without significantly increasing risk. Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types.
Richard L. Weissman (Port Richey, FL) has seventeen years' experience as a trader and developer of trading systems. He currently provides independent consultation an d training services to traders and risk management professionals in the areas of technical analysis, risk management, and trader psychology.
Product Details
* Amazon Sales Rank: #128874 in Books
* Published on: 2004-12-03
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 217 pages
Editorial Reviews
Review
"The book is highly recommended for almost anyone involved in trading, forecasting, or studying the markets." (Technical Analyst, July/August 2005)
From the Inside Flap
When mechanical trading systems were first introduced into the arsenal of trading tools, the trader interested in utilizing these tools would have needed programming expertise, a strong background in mathematical technical analysis, and iron-willed discipline. Today, trading system software developed by market-data vendors has become so user-friendly, that nonprogrammers with only a rudimentary understanding of mathematical technical analysis can successfully create and backtest simple trading systems like those offered throughout this book.
In Mechanical Trading Systems, Richard Weissman uses his experiences as a trader and trading systems expert to take this concept to a new level. Filled with in-depth insight and practical advice, this book examines the development process for choosing and using mechanical trading techniques in conjunction with trader psychology. Mechanical Trading Systems skillfully explores the dangers in system development and how to avoid them; how backtesting and forward testing of trading systems aids in quantification of price risk; and the methods of improving rates of return on investments without significantly increasing risk. It also provides a detailed examination of the personality traits common to the three basic types of trader—trend-following (long to intermediate term), mean reversion (intermediate-term), and short-term (swing and day traders)—and illustrates how a strict adherence to specific types of trading systems can foster a psychological flexibility that will allow you to succeed in all kinds of trading environments: countertrending, choppy, or trending.
Some of the other issues discussed within these pages include:
* Why mathematical technical analysis is anideal building block in the development of mechanical trading systems
* How various flaws in trader psychology—fearfulness, impatience, greed, and lack of discipline—can be overcome
* The pros and cons of various traditional price risk management methods, such as stop loss and volumetric price risk management
* The psychological aspects of price risk management and how utilization of mechanical trading systems can aid in fostering confidence during drawdowns
* How your knowledge and experience can be utilized within the framework of a mechanical trading system
Mechanical Trading Systems offers a wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory. If you plan on improving your trading skills, this comprehensive resource can help you succeed.
From the Back Cover
Praise for MECHANICAL TRADING SYSTEMS
"Mr. Weissman's work is a metaphysical journey through the art of war. One need only read his preface to gain the true wisdom of market trading. What follows is a clearly marked guide to trading discipline and market mathematics . . . a stand out in a forest of technical works."
—Timothy Kelly, Founder and CEO, FOREX Television
"Mechanical Trading 101. The most complete, concise, and thorough analysis of every aspect of mechanical trading, from detailed case studies to enlightening reviews of psychological trading profiles. A real systematic approach to mechanical trading that will certainly improve your trading at any stage of your career."
—Frédéric Bettan, Business Development Manager, Institutional Clientele, Montréal Exchange
"A serious and sophisticated book for the advanced technical trader. Mr. Weissman emphasizes exactly the right aspect of designing and using a trading system——it has to match your character and personality to be of practical day-to-day use."
—Barbara Rockefeller, author of The Global Trader and Technical Analysis for Dummies
"A great contribution from a brilliant thought leader. . . . Mr. Weissman offers intriguing insight into trading by traveling across many disciplines in the process. His analysis of transformational psychology within the context of a mechanical trading system is a must-read for everyone involved in investment management. I am sure that institutional investors will benefit a great deal from his intuitive and innovative style."
—Kurtay Ogunc, PhD, MBA, CMFC, Managing Partner and CIO, Alpha Dynamics Group, LLC
"Mr. Weissman synthesizes a wealth of research and observations about human behavior and the use of mechanical trading systems in order to reprogram the trader. No other book so splendidly lays out the task of mental system creation, system construction, and system testing. The tools in this book go beyond system development in aiding to defuse erroneous human behavior in trading.I recommend this book to anyone who intends to trade utilizing systematic or discretionary programs in today's financial markets."
—Jesse M. Van Luvan, Managing Partner, Ambidex Fund and CEO, South Paw Strategic Investment, LLC
Customer Reviews
Good for the head and the heart5
I didn't grasp many of the technicalities pertaining to system trading (I don't trade or aspire to trade mechanical systems) but it is a wealth of generalized trading knowledge nonetheless. It is an inspiring book and a great confidence builder for me, confirming that I am on the right track regarding discipline and psychology and that, with persistence, success will come.
Psychology + Methods = a winning combination!5
The book is written in a clear, direct language - the author speaks to you, not at you. While leafing through a pile of trading books, I was stopped it in my tracks when I opened this volume. I got out my yellow highlighter and read attentively from cover to cover, taking notes. The author's unique approach was to combine traders' psychology with different types of trading; this book showed me something new about myself and other traders.
Weissman begins by explaining why "...natural and comfortable trading, using entry levels as reference points, ensures small profits and large losses. We need to reprogram ourselves to be comfortable with the unknowable and uncertain future. It helps to remind ourselves that the entry level is significant to us alone and that the sense of discomfort we feel as the market moves into previously unknown territory is entirely subjective and illusory."
Weissman outlines the three basic trader personality types: trend-following, mean-reversion [counter-trend], and day-trading. You need to be comfortable with yourself to trade well. You need the right system for your trading personality - and the author offers a rich menu for every type of trader. The author's practical, shrewd observations hold up a psychological mirror for traders. He points out that with trend-trading, just a few trades account for the bulk of profits, which means you cannot take time off from mechanical trend trading. Mean-reversion traders capitalize on temporarily unsustainable levels of euphoria or panic; they need an especially strong discipline not to overstay positions. Day-trading is labor-intensive, demands quick-mindedness and frequent vacations to avoid burnout.
The author shows how to test trend-following and mean-reversion (counter-trend) systems, as well as day-trading systems. He deals in depth with the benefits and pitfalls of system development and price risk management.
"Successful trading entails fighting natural inclinations toward comfort, security, impatience, perfection, fear, and greed. We can never control the markets, only how much risk we will assume in them." Weissman stresses the importance of keeping a trading journal. He confirms something that very few people appreciate - that at a very high end systematic and discretionary trading have a great deal in common.
Weissman's gentle but persistent insistence on both knowing yourself and stepping out of your comfort zone can have unusual results. In my case, it led me to develop a semi-mechanical system for day-trading e-minis!
Concise4
This is a well written concise book. Of course if you are looking for the 'holy grail' of trading you won't find it here...
That is for you to find and that idea pretty much sums up the true intention of this book.
A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory
Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and other risk quantification tools; and methods of improving rates of return on investments without significantly increasing risk. Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types.
Richard L. Weissman (Port Richey, FL) has seventeen years' experience as a trader and developer of trading systems. He currently provides independent consultation an d training services to traders and risk management professionals in the areas of technical analysis, risk management, and trader psychology.
Product Details
* Amazon Sales Rank: #128874 in Books
* Published on: 2004-12-03
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 217 pages
Editorial Reviews
Review
"The book is highly recommended for almost anyone involved in trading, forecasting, or studying the markets." (Technical Analyst, July/August 2005)
From the Inside Flap
When mechanical trading systems were first introduced into the arsenal of trading tools, the trader interested in utilizing these tools would have needed programming expertise, a strong background in mathematical technical analysis, and iron-willed discipline. Today, trading system software developed by market-data vendors has become so user-friendly, that nonprogrammers with only a rudimentary understanding of mathematical technical analysis can successfully create and backtest simple trading systems like those offered throughout this book.
In Mechanical Trading Systems, Richard Weissman uses his experiences as a trader and trading systems expert to take this concept to a new level. Filled with in-depth insight and practical advice, this book examines the development process for choosing and using mechanical trading techniques in conjunction with trader psychology. Mechanical Trading Systems skillfully explores the dangers in system development and how to avoid them; how backtesting and forward testing of trading systems aids in quantification of price risk; and the methods of improving rates of return on investments without significantly increasing risk. It also provides a detailed examination of the personality traits common to the three basic types of trader—trend-following (long to intermediate term), mean reversion (intermediate-term), and short-term (swing and day traders)—and illustrates how a strict adherence to specific types of trading systems can foster a psychological flexibility that will allow you to succeed in all kinds of trading environments: countertrending, choppy, or trending.
Some of the other issues discussed within these pages include:
* Why mathematical technical analysis is anideal building block in the development of mechanical trading systems
* How various flaws in trader psychology—fearfulness, impatience, greed, and lack of discipline—can be overcome
* The pros and cons of various traditional price risk management methods, such as stop loss and volumetric price risk management
* The psychological aspects of price risk management and how utilization of mechanical trading systems can aid in fostering confidence during drawdowns
* How your knowledge and experience can be utilized within the framework of a mechanical trading system
Mechanical Trading Systems offers a wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory. If you plan on improving your trading skills, this comprehensive resource can help you succeed.
From the Back Cover
Praise for MECHANICAL TRADING SYSTEMS
"Mr. Weissman's work is a metaphysical journey through the art of war. One need only read his preface to gain the true wisdom of market trading. What follows is a clearly marked guide to trading discipline and market mathematics . . . a stand out in a forest of technical works."
—Timothy Kelly, Founder and CEO, FOREX Television
"Mechanical Trading 101. The most complete, concise, and thorough analysis of every aspect of mechanical trading, from detailed case studies to enlightening reviews of psychological trading profiles. A real systematic approach to mechanical trading that will certainly improve your trading at any stage of your career."
—Frédéric Bettan, Business Development Manager, Institutional Clientele, Montréal Exchange
"A serious and sophisticated book for the advanced technical trader. Mr. Weissman emphasizes exactly the right aspect of designing and using a trading system——it has to match your character and personality to be of practical day-to-day use."
—Barbara Rockefeller, author of The Global Trader and Technical Analysis for Dummies
"A great contribution from a brilliant thought leader. . . . Mr. Weissman offers intriguing insight into trading by traveling across many disciplines in the process. His analysis of transformational psychology within the context of a mechanical trading system is a must-read for everyone involved in investment management. I am sure that institutional investors will benefit a great deal from his intuitive and innovative style."
—Kurtay Ogunc, PhD, MBA, CMFC, Managing Partner and CIO, Alpha Dynamics Group, LLC
"Mr. Weissman synthesizes a wealth of research and observations about human behavior and the use of mechanical trading systems in order to reprogram the trader. No other book so splendidly lays out the task of mental system creation, system construction, and system testing. The tools in this book go beyond system development in aiding to defuse erroneous human behavior in trading.I recommend this book to anyone who intends to trade utilizing systematic or discretionary programs in today's financial markets."
—Jesse M. Van Luvan, Managing Partner, Ambidex Fund and CEO, South Paw Strategic Investment, LLC
Customer Reviews
Good for the head and the heart5
I didn't grasp many of the technicalities pertaining to system trading (I don't trade or aspire to trade mechanical systems) but it is a wealth of generalized trading knowledge nonetheless. It is an inspiring book and a great confidence builder for me, confirming that I am on the right track regarding discipline and psychology and that, with persistence, success will come.
Psychology + Methods = a winning combination!5
The book is written in a clear, direct language - the author speaks to you, not at you. While leafing through a pile of trading books, I was stopped it in my tracks when I opened this volume. I got out my yellow highlighter and read attentively from cover to cover, taking notes. The author's unique approach was to combine traders' psychology with different types of trading; this book showed me something new about myself and other traders.
Weissman begins by explaining why "...natural and comfortable trading, using entry levels as reference points, ensures small profits and large losses. We need to reprogram ourselves to be comfortable with the unknowable and uncertain future. It helps to remind ourselves that the entry level is significant to us alone and that the sense of discomfort we feel as the market moves into previously unknown territory is entirely subjective and illusory."
Weissman outlines the three basic trader personality types: trend-following, mean-reversion [counter-trend], and day-trading. You need to be comfortable with yourself to trade well. You need the right system for your trading personality - and the author offers a rich menu for every type of trader. The author's practical, shrewd observations hold up a psychological mirror for traders. He points out that with trend-trading, just a few trades account for the bulk of profits, which means you cannot take time off from mechanical trend trading. Mean-reversion traders capitalize on temporarily unsustainable levels of euphoria or panic; they need an especially strong discipline not to overstay positions. Day-trading is labor-intensive, demands quick-mindedness and frequent vacations to avoid burnout.
The author shows how to test trend-following and mean-reversion (counter-trend) systems, as well as day-trading systems. He deals in depth with the benefits and pitfalls of system development and price risk management.
"Successful trading entails fighting natural inclinations toward comfort, security, impatience, perfection, fear, and greed. We can never control the markets, only how much risk we will assume in them." Weissman stresses the importance of keeping a trading journal. He confirms something that very few people appreciate - that at a very high end systematic and discretionary trading have a great deal in common.
Weissman's gentle but persistent insistence on both knowing yourself and stepping out of your comfort zone can have unusual results. In my case, it led me to develop a semi-mechanical system for day-trading e-minis!
Concise4
This is a well written concise book. Of course if you are looking for the 'holy grail' of trading you won't find it here...
That is for you to find and that idea pretty much sums up the true intention of this book.
Currency Trading For Dummies
Product Description
Features forex market guidelines and sample trading plans
The fun and easy way to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
* Identify trading opportunities
* Understand what drives the market
* Choose a trading broker
* Execute a successful trade
* Minimize risk and maximize profit
* Analyze currency charts
Product Details
* Amazon Sales Rank: #2761 in Books
* Published on: 2007-08-06
* Original language: English
* Number of items: 1
* Binding: Paperback
* 360 pages
Editorial Reviews
Review
"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August)
"…gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)
From the Back Cover
Features forex market guidelines and sample trading plans
The fun and easy way® to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
* Identify trading opportunities
*
Understand what drives the market
*
Choose a trading broker
*
Execute a successful trade
*
Minimize risk and maximize profit
*
Analyze currency charts
About the Author
Mark Galant founded GAIN Capital in 1999; today, the firm's proprietary trading platform is used by clients from 140 countries around the globe.
Brian Dolan has over 18 years of experience in the foreign exchange markets and oversees fundamental and technical research at FOREX.com.
Customer Reviews
Currency Trading for Dummies5
The book is awesome. Even dumb like me eager to move forward from pages to pages. Really good start for dummies :)
Currency Trading For Dummies5
This is the book that every Forex trader new and experienced should have in their library. I have been trading on an off for a couple of years and learned more by reading this book in a couple of weeks than I learned reviewing info from dozens of sources. The authors are outstanding and experts in their field and I now am better armed to do battle in the forex market.
The best begginer book out there5
Cheap, easily read, more thorough than any other introduction I've seen. Not the last book you'll ever need, but definitely the best choice for your first. Everybody says to pair it with technical analysis for dummies, but nobody mentions economics for dummies. By all means get all 3, but if you only want 2 go with economics for dummies. It will leave you much more enlightened about fundementals than Technical Analysis for dummies will do for you with technicals. And unless you're going to go all the way with TA, don't go there at all. You're better off just trading news.
Features forex market guidelines and sample trading plans
The fun and easy way to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
* Identify trading opportunities
* Understand what drives the market
* Choose a trading broker
* Execute a successful trade
* Minimize risk and maximize profit
* Analyze currency charts
Product Details
* Amazon Sales Rank: #2761 in Books
* Published on: 2007-08-06
* Original language: English
* Number of items: 1
* Binding: Paperback
* 360 pages
Editorial Reviews
Review
"It offers practical guidance and savvy tips.." (Hedge Fund Manager, Thursday 23rd August)
"…gives readers a step by step guide (to) getting acquainted with the forex market and to making those killer transactions." (Professional Pensions, Thursday 30th August 2007)
From the Back Cover
Features forex market guidelines and sample trading plans
The fun and easy way® to get started in currency trading
Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis.
* Identify trading opportunities
*
Understand what drives the market
*
Choose a trading broker
*
Execute a successful trade
*
Minimize risk and maximize profit
*
Analyze currency charts
About the Author
Mark Galant founded GAIN Capital in 1999; today, the firm's proprietary trading platform is used by clients from 140 countries around the globe.
Brian Dolan has over 18 years of experience in the foreign exchange markets and oversees fundamental and technical research at FOREX.com.
Customer Reviews
Currency Trading for Dummies5
The book is awesome. Even dumb like me eager to move forward from pages to pages. Really good start for dummies :)
Currency Trading For Dummies5
This is the book that every Forex trader new and experienced should have in their library. I have been trading on an off for a couple of years and learned more by reading this book in a couple of weeks than I learned reviewing info from dozens of sources. The authors are outstanding and experts in their field and I now am better armed to do battle in the forex market.
The best begginer book out there5
Cheap, easily read, more thorough than any other introduction I've seen. Not the last book you'll ever need, but definitely the best choice for your first. Everybody says to pair it with technical analysis for dummies, but nobody mentions economics for dummies. By all means get all 3, but if you only want 2 go with economics for dummies. It will leave you much more enlightened about fundementals than Technical Analysis for dummies will do for you with technicals. And unless you're going to go all the way with TA, don't go there at all. You're better off just trading news.
Tuesday, September 16, 2008
Sunday, September 14, 2008
Candlestick Charting Explained
Product Description
Master this powerful trading system and identify the best trades
Inside this book you will discover candlestick charting, one of the most popular tools in technical analysis. Candlestick Charting Explained features updated charts and analysis as well as new material on integrating Western charting analysis with Japanese candlestick analysis, grouping candlesticks into families, detecting and avoiding false signals, and more.
From the Back Cover
The classic Japanese candlestick reference, updated with all-new insights and tools to improve your predictive accuracy
Candlestick Charting Explained takes the subjectivity out of Japanese candlestick analysis by providing you with standardized, straightforward coverage of 89 powerful candlestick patterns. Inside you will learn what they indicate about current trader behavior and how you can use each to instantly improve your market knowledge and analytical precision.
In this revised and expanded third edition, candlestick expert Greg Morris updates his influential guidebook with valuable new material and patterns to give you:
* Thorough coverage of candlestick patterns to allow instant analysis of investor attitude and probable market direction
* Methods for integrating candlesticks with traditional Western charting analysis for enhanced signal verification
* Completely new section by Ryan Litchfield dedicated to "Trading with Candlesticks"
* Current insights into trader psychology, and how it impacts interactions between buyers and sellers
Its in-depth exploration of traditional as well as all-new candlestick charts, Candlestick Charting Explained will show you how to make candlestick charting a logical, understandable, and profitable component of your current trading programEmpower your trading with Japanese candlestick charting
Japanese candlestick charts dramatically improve your understanding of short-term (less than a week) market sentiment, making you a much more informed and focused trader of stocks, futures, and indices. The bestselling Candlestick Charting Explained focuses on the patterns themselves and highlights the key facts you need to know to apply each pattern to your trading. For each of 89 distinctive candle patterns, its standardized format provides you with:
* Commentary--Description of pattern and significance of its name, insights into unique features, and other concise explanation
* Rules of Recognition--Simple rules for quick, accurate identification along with precise, day-by-day descriptions of pattern development
* Scenarios and Psychology Behind the Pattern--Trading scenarios that could have led to the pattern's development, with general discussion of the psychology of each
* day's action
* Pattern Flexibility--Situations that change the pattern's effectiveness with explanations of allowable deviations from the classic pattern
* Pattern Breakdown--Instructions for reducing the pattern to a single candle line and whether or not outside confirmation is suggested or unnecessary
* Related Patterns--Patterns that have similar formations, could be considered variations, or are a part of this pattern
* Example--A graphic example of the pattern to both aid in recognition and eliminate costly confusion in pattern identification
Additional information and insights present different interpretations of candlesticks based on intraday instead of end-of-day events and action, improving signal reliability. The author's unique candle pattern filtering concept, instrumental in answering the "how" question, is updated to utilize today's larger universe of stock data. An all-new chapter provides practical application and perspective traders need to view candles in the context of today's computer-driven marketplace.
For millions of traders, candlesticks have become a key tool in creating and verifying trading signals. Candlestick Charting Explained is the only book you need to start integrating their proven versatility and effectiveness into your technical trading program.
About the Author
Gregory L. Morris is a portfolio manager for PMFM, Inc., managing the PMFM Core Advantage Portfolio Trust mutual fund. One of the world's leading experts on candlestick charting, Morris is a consultant and the former CEO of MurphyMorris.com, which he and a partner founded and later sold to StockCharts.com. He is the author of The Complete Guide to Market Breadth Indicators, along with numerous articles for professional publications, and has spoken to thousands of traders and investors at industry conferences around the world.
Master this powerful trading system and identify the best trades
Inside this book you will discover candlestick charting, one of the most popular tools in technical analysis. Candlestick Charting Explained features updated charts and analysis as well as new material on integrating Western charting analysis with Japanese candlestick analysis, grouping candlesticks into families, detecting and avoiding false signals, and more.
From the Back Cover
The classic Japanese candlestick reference, updated with all-new insights and tools to improve your predictive accuracy
Candlestick Charting Explained takes the subjectivity out of Japanese candlestick analysis by providing you with standardized, straightforward coverage of 89 powerful candlestick patterns. Inside you will learn what they indicate about current trader behavior and how you can use each to instantly improve your market knowledge and analytical precision.
In this revised and expanded third edition, candlestick expert Greg Morris updates his influential guidebook with valuable new material and patterns to give you:
* Thorough coverage of candlestick patterns to allow instant analysis of investor attitude and probable market direction
* Methods for integrating candlesticks with traditional Western charting analysis for enhanced signal verification
* Completely new section by Ryan Litchfield dedicated to "Trading with Candlesticks"
* Current insights into trader psychology, and how it impacts interactions between buyers and sellers
Its in-depth exploration of traditional as well as all-new candlestick charts, Candlestick Charting Explained will show you how to make candlestick charting a logical, understandable, and profitable component of your current trading programEmpower your trading with Japanese candlestick charting
Japanese candlestick charts dramatically improve your understanding of short-term (less than a week) market sentiment, making you a much more informed and focused trader of stocks, futures, and indices. The bestselling Candlestick Charting Explained focuses on the patterns themselves and highlights the key facts you need to know to apply each pattern to your trading. For each of 89 distinctive candle patterns, its standardized format provides you with:
* Commentary--Description of pattern and significance of its name, insights into unique features, and other concise explanation
* Rules of Recognition--Simple rules for quick, accurate identification along with precise, day-by-day descriptions of pattern development
* Scenarios and Psychology Behind the Pattern--Trading scenarios that could have led to the pattern's development, with general discussion of the psychology of each
* day's action
* Pattern Flexibility--Situations that change the pattern's effectiveness with explanations of allowable deviations from the classic pattern
* Pattern Breakdown--Instructions for reducing the pattern to a single candle line and whether or not outside confirmation is suggested or unnecessary
* Related Patterns--Patterns that have similar formations, could be considered variations, or are a part of this pattern
* Example--A graphic example of the pattern to both aid in recognition and eliminate costly confusion in pattern identification
Additional information and insights present different interpretations of candlesticks based on intraday instead of end-of-day events and action, improving signal reliability. The author's unique candle pattern filtering concept, instrumental in answering the "how" question, is updated to utilize today's larger universe of stock data. An all-new chapter provides practical application and perspective traders need to view candles in the context of today's computer-driven marketplace.
For millions of traders, candlesticks have become a key tool in creating and verifying trading signals. Candlestick Charting Explained is the only book you need to start integrating their proven versatility and effectiveness into your technical trading program.
About the Author
Gregory L. Morris is a portfolio manager for PMFM, Inc., managing the PMFM Core Advantage Portfolio Trust mutual fund. One of the world's leading experts on candlestick charting, Morris is a consultant and the former CEO of MurphyMorris.com, which he and a partner founded and later sold to StockCharts.com. He is the author of The Complete Guide to Market Breadth Indicators, along with numerous articles for professional publications, and has spoken to thousands of traders and investors at industry conferences around the world.
Saturday, September 13, 2008
Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition,
From the Back Cover
THE INVESTMENT STRATEGY THAT WORKS IN ALL MARKETS...WITH PROOF TO BACK UP THE PROMISES
*
Reveals the trading strategy that made John W. Henry rich enough to buy the Boston Red Sox.
*
Contains 50+ pages of easy-to-understand charts, actual results from top Trend Followers.
*
Shows how to apply trend following in your portfolio–one step at a time, in plain English.“Trend Following will replace Market Wizards as the must-read bible for a new generation of traders.”
—Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC/Fox News Contributor
“Michael Covel’s Trend Following: Essential.”
—Ed Seykota, Trend Follower for 35 years and Original Market Wizard
“Investment books that have a lasting appeal offer insight that resonates with a large number of investors. We believe Michael Covel’s Trend Following will be such a book.”
—Richard E. Cripps, Legg Mason Chief Market Strategist
“A mandatory reference for anyone serious about alternative investments.”
—Jon Sundt, President and CEO of Altegris
“Michael Covel does an excellent job of educating his readers about the little-known opportunities available to them through one of the proven best hedge fund strategies. This book is like gold to any smart investor.”
—Christian Baha, CEO, Superfund
“Please read [Trend Following] whether you think you have an interest in trend following or are not quite sure…Covel has hit a home run with it.”
—Gail Osten, Editor-in-Chief, Stocks, Futures & OptionsMagazine
“Covel has created a very rare thing—a well documented and thoroughly researched book on trend following that is also well written and easy to read. This is one book that traders at all levels will find of real value.”
—John Mauldin, author of Bull’s Eye Investing
For more than 30 years, one trading strategy has consistently delivered extraordinary profits in bull and bear markets alike: Trend Following. Just ask the billionaire traders who rely on it...traders like John W. Henry, whose trading profits bought the Boston Red Sox!
In Trend Following, New Expanded Edition, you’ll meet them...and discover exactly how to use trend following in your own portfolio. This expanded edition includes more than 50 pages of easy-to-understand performance charts. It is the book multi-billion-dollar hedge funds have
made mandatory reading for their staffs.
Michael Covel goes right to the source, presenting powerful insights straight from the world’s top trend followers, and debunking Wall Street myths and misinformation from well-known pros who ought to know better. You’ll learn how to manage risk, employ market discipline, and, when the moment is right, swing for the home run.
*
Real proof, real data, real results
Decades of actual performance charts from professional money managers
*
All the information you need...in one number
Why the market price tells you all you need to know to trade
*
Pinpointing targets of opportunity
What to trade, when to trade, and how much to trade
*
How it’s done: classic case studies
Who profited from the global scandals of the last 15 years…and how they did it
*
Meet today’s leading trend followers
Extraordinary trader profiles, including top traders from the past 30 years
MICHAEL W. COVEL is the founder and President of Trend Following™. A researcher of the most successful trend following investment managers, he has been in the alternative
investments industry consulting on trend following to individual traders, hedge funds, and banks for ten years.
From his writing to public speaking, Covel pulls no punches. Passionately educating his clients in order to find that “edge” has made Covel a widely respected expert in the field. He writes for numerous industry publications and is continually quoted and interviewed by Barron’s, Bloomberg, and RobTV, to name but a few. An experienced and successful entrepreneur, he is a frequent guest on national TV and radio shows and regularly gives presentations at international hedge fund conferences from Hong Kong to Tokyo, advising listeners on proper trading, decision-making, risk management, and trend following. Covel is also Managing Editor at TurtleTrader.com, the leading trend following news and commentary resource since 1996.
Living and working in Virginia, he is a lifelong baseball fan.
About the Author
MICHAEL W. COVEL is the founder and President of Trend Following™. A researcher of the most successful trend following investment managers, he has been in the alternative investments industry consulting on trend following to individual traders, hedge funds, and banks for ten years.
From his writing to public speaking, Covel pulls no punches. Passionately educating his clients in order to find that “edge” has made Covel a widely respected expert in the field. He writes for numerous industry publications and is continually quoted and interviewed by Barron’s, Bloomberg, and RobTV, to name but a few. An experienced and successful entrepreneur, he is a frequent guest on national TV and radio shows and regularly gives presentations at international hedge fund conferences from Hong Kong to Tokyo, advising listeners on proper trading, decision-making, risk management, and trend following. Covel is also Managing Editor at TurtleTrader.com, the leading trend following news and commentary resource since 1996.
Living and working in Virginia, he is a lifelong baseball fan.
Excerpt. © Reprinted by permission. All rights reserved.
Preface
"Men wanted for hazardous Journey. Small wages. Bitter cold. Long months of complete darkness. Constant danger. Safe return doubtful. Honor and recognition in case of success."1
This book is the result of an eight-year "hazardous journey" for the truth about Trend Following. It fills a void in a marketplace inundated with books about finance and trading but lacking any resource or, for that matter, practically any reference to what we believe is the best strategy to consistently make money in the markets. That strategy is known as Trend Following:
When it is a question of money, everyone is of the same religion.
Voltaire
"Let's break down the term 'Trend Following' into its components. The first part is 'trend.' Every trader needs a trend to make money. If you think about it, no matter what the technique, if there is not a trend after you buy, then you will not be able to sell at higher prices . . . 'Following' is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then 'follow' it."2
Trend Following seeks to capture the majority of a trend, up or down, for profit. It trades for profits in the major asset classes—stocks, bonds, currencies, and commodities. However simple the basic concepts about Trend Following are, they have been widely misunderstood. Our desire to correct this state of affairs is what, in part, launched our research. We wanted to be as objective as possible, so we based our writing on the available data:
Trend followers' month-by-month performance histories.
* Trend followers' published words and comments over the last 30 years.
* News accounts of financial disasters.
* News accounts of the losers in those financial disasters.
* Charts of markets traded by trend followers.
Charts of markets traded by losers in the financial disasters.
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.
Ludwig von Mises
If we could have developed a book comprised of only numbers, charts, and graphs of Trend Following performance data, we would have. However, without any explanation, few readers would have appreciated all of the ramifications of what the data showed. Therefore our approach to writing Trend Following became similar to the one Jim Collins describes in Good to Great, in which a team of researchers generated questions, accumulated data in their open-ended search for answers, and then energetically debated it.
Trend followers we studied form a sort of underground network of relatively unknown traders who, except for an occasional article, the mainstream press has virtually ignored. What we have attempted to do is lift the veil, for the first time, on who these enormously successful traders are, how they trade, and what is to be learned from their approach to trading that we might apply to our own portfolios.
Trend Following challenges much of the conventional wisdom about successful trading. We were determined to avoid being influenced by knowledge institutionalized and defined by Wall Street. We were adamant about fighting "flat earth" thinking. During our research, we tried to avoid starting with an assumption and then finding the data to support it. Instead we asked the question and then, objectively, doggedly, and slowly, let the answer reveal itself.
If there was one factor that motivated us to work in this manner, it was simple curiosity. The more we uncovered about trend followers, the more we wanted to know. For example, one of our earliest questions was who profited when Barings Bank collapsed in 1995. Our search unearthed Barings Bank–related performance data including that of trend follower John W. Henry (now the majority owner of the Boston Red Sox). His track record generated new questions, such as, "How did he discover Trend Following in the first place?" and "Has his approach changed in any significant way in the past 20 years?"
We were also curious about who won the $1.9 billion Long Term Capital Management lost during August and September 1998. We wanted to know why the biggest banks on Wall Street would invest $100 billion in an options pricing model, Nobel prize–winning or not. Further, considering what mutual fund managers have lost in the past few years and what successful trend followers have earned during the same time period, we could not understand why so few investors know anything about Trend Following. We also became interested in:
The important thing in science is not so much to obtain new facts as to discover new ways of thinking about them.
Sir William Bragg
How trend followers win in the zero-sum game of trading.
* Why Trend Following has been the most profitable style of trading.
* The philosophical framework of trend followers' success.
* Timeless principles of Trend Following.
* The Trend Following worldview of market behavior.
Reasons why Trend Following is so enduring.
Many of the trend followers we studied are reclusive and extremely low key. Some discovered Trend Following on their own and used it to make their fortunes out of home offices. Bill Dunn, a successful trend follower who has beaten the markets for over 25 years, works out of a quiet, spartan office in a Florida coastal town. For Wall Street, this approach to trading is tantamount to sacrilege. It goes against all the customs, rituals, trappings, and myths we have grown accustomed to associating with Wall Street success. In fact, it is our hope that our profiles of trend followers will correct the public's misconception of a successful trader as a harried, intense workaholic who spends 24/7 in the labyrinth of a Wall Street trading firm, surrounded by monitors and screaming into a phone.
We've assembled the first comprehensive look at Trend Following, but this is neither a course nor the only resource you will ever need. It is to be used in conjunction with our Web site at www.trendfollowing.com. We have tried to be comprehensive with our definitions. However, if we mention an unfamiliar word, name or reference a source you haven't heard of, please go to Google (www.google.com).
Fish see the bait, but not the hook; men see the profit, but not the peril.
Chinese Proverb
We have tried to make the material accessible and interesting enough so it might give you an occasional "aha" experience. However, if you're looking for trading "secrets," you need to look elsewhere. There are none. If you're in the mood for stories about what it's like inside a typical Wall Street firm or how greedy traders sow the seeds of their destruction, like in Den of Thieves, or Barbarians at the Gate, we will not meet your needs.
To be aware how fruitful the playful mood can be is to be immune to the propaganda of the alienated, which extols resentment as a fuel of achievement.
Eric Hoffer
You may have noticed that I use "we" instead of "I" when describing the process of writing this book. That's because it could not have been written without the generosity of the traders, professors, investors, colleagues, and friends who graciously shared their wisdom and trading experiences with me. Without their support, hard work, long hours, and creativity, Trend Following would still be an ongoing hazardous journey. So if there is any "honor and recognition" to be given, it is to everyone who participated, not just the person whose name appears on the cover.
© Copyright Pearson Education. All rights reserved.
THE INVESTMENT STRATEGY THAT WORKS IN ALL MARKETS...WITH PROOF TO BACK UP THE PROMISES
*
Reveals the trading strategy that made John W. Henry rich enough to buy the Boston Red Sox.
*
Contains 50+ pages of easy-to-understand charts, actual results from top Trend Followers.
*
Shows how to apply trend following in your portfolio–one step at a time, in plain English.“Trend Following will replace Market Wizards as the must-read bible for a new generation of traders.”
—Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC/Fox News Contributor
“Michael Covel’s Trend Following: Essential.”
—Ed Seykota, Trend Follower for 35 years and Original Market Wizard
“Investment books that have a lasting appeal offer insight that resonates with a large number of investors. We believe Michael Covel’s Trend Following will be such a book.”
—Richard E. Cripps, Legg Mason Chief Market Strategist
“A mandatory reference for anyone serious about alternative investments.”
—Jon Sundt, President and CEO of Altegris
“Michael Covel does an excellent job of educating his readers about the little-known opportunities available to them through one of the proven best hedge fund strategies. This book is like gold to any smart investor.”
—Christian Baha, CEO, Superfund
“Please read [Trend Following] whether you think you have an interest in trend following or are not quite sure…Covel has hit a home run with it.”
—Gail Osten, Editor-in-Chief, Stocks, Futures & OptionsMagazine
“Covel has created a very rare thing—a well documented and thoroughly researched book on trend following that is also well written and easy to read. This is one book that traders at all levels will find of real value.”
—John Mauldin, author of Bull’s Eye Investing
For more than 30 years, one trading strategy has consistently delivered extraordinary profits in bull and bear markets alike: Trend Following. Just ask the billionaire traders who rely on it...traders like John W. Henry, whose trading profits bought the Boston Red Sox!
In Trend Following, New Expanded Edition, you’ll meet them...and discover exactly how to use trend following in your own portfolio. This expanded edition includes more than 50 pages of easy-to-understand performance charts. It is the book multi-billion-dollar hedge funds have
made mandatory reading for their staffs.
Michael Covel goes right to the source, presenting powerful insights straight from the world’s top trend followers, and debunking Wall Street myths and misinformation from well-known pros who ought to know better. You’ll learn how to manage risk, employ market discipline, and, when the moment is right, swing for the home run.
*
Real proof, real data, real results
Decades of actual performance charts from professional money managers
*
All the information you need...in one number
Why the market price tells you all you need to know to trade
*
Pinpointing targets of opportunity
What to trade, when to trade, and how much to trade
*
How it’s done: classic case studies
Who profited from the global scandals of the last 15 years…and how they did it
*
Meet today’s leading trend followers
Extraordinary trader profiles, including top traders from the past 30 years
MICHAEL W. COVEL is the founder and President of Trend Following™. A researcher of the most successful trend following investment managers, he has been in the alternative
investments industry consulting on trend following to individual traders, hedge funds, and banks for ten years.
From his writing to public speaking, Covel pulls no punches. Passionately educating his clients in order to find that “edge” has made Covel a widely respected expert in the field. He writes for numerous industry publications and is continually quoted and interviewed by Barron’s, Bloomberg, and RobTV, to name but a few. An experienced and successful entrepreneur, he is a frequent guest on national TV and radio shows and regularly gives presentations at international hedge fund conferences from Hong Kong to Tokyo, advising listeners on proper trading, decision-making, risk management, and trend following. Covel is also Managing Editor at TurtleTrader.com, the leading trend following news and commentary resource since 1996.
Living and working in Virginia, he is a lifelong baseball fan.
About the Author
MICHAEL W. COVEL is the founder and President of Trend Following™. A researcher of the most successful trend following investment managers, he has been in the alternative investments industry consulting on trend following to individual traders, hedge funds, and banks for ten years.
From his writing to public speaking, Covel pulls no punches. Passionately educating his clients in order to find that “edge” has made Covel a widely respected expert in the field. He writes for numerous industry publications and is continually quoted and interviewed by Barron’s, Bloomberg, and RobTV, to name but a few. An experienced and successful entrepreneur, he is a frequent guest on national TV and radio shows and regularly gives presentations at international hedge fund conferences from Hong Kong to Tokyo, advising listeners on proper trading, decision-making, risk management, and trend following. Covel is also Managing Editor at TurtleTrader.com, the leading trend following news and commentary resource since 1996.
Living and working in Virginia, he is a lifelong baseball fan.
Excerpt. © Reprinted by permission. All rights reserved.
Preface
"Men wanted for hazardous Journey. Small wages. Bitter cold. Long months of complete darkness. Constant danger. Safe return doubtful. Honor and recognition in case of success."1
This book is the result of an eight-year "hazardous journey" for the truth about Trend Following. It fills a void in a marketplace inundated with books about finance and trading but lacking any resource or, for that matter, practically any reference to what we believe is the best strategy to consistently make money in the markets. That strategy is known as Trend Following:
When it is a question of money, everyone is of the same religion.
Voltaire
"Let's break down the term 'Trend Following' into its components. The first part is 'trend.' Every trader needs a trend to make money. If you think about it, no matter what the technique, if there is not a trend after you buy, then you will not be able to sell at higher prices . . . 'Following' is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then 'follow' it."2
Trend Following seeks to capture the majority of a trend, up or down, for profit. It trades for profits in the major asset classes—stocks, bonds, currencies, and commodities. However simple the basic concepts about Trend Following are, they have been widely misunderstood. Our desire to correct this state of affairs is what, in part, launched our research. We wanted to be as objective as possible, so we based our writing on the available data:
Trend followers' month-by-month performance histories.
* Trend followers' published words and comments over the last 30 years.
* News accounts of financial disasters.
* News accounts of the losers in those financial disasters.
* Charts of markets traded by trend followers.
Charts of markets traded by losers in the financial disasters.
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.
Ludwig von Mises
If we could have developed a book comprised of only numbers, charts, and graphs of Trend Following performance data, we would have. However, without any explanation, few readers would have appreciated all of the ramifications of what the data showed. Therefore our approach to writing Trend Following became similar to the one Jim Collins describes in Good to Great, in which a team of researchers generated questions, accumulated data in their open-ended search for answers, and then energetically debated it.
Trend followers we studied form a sort of underground network of relatively unknown traders who, except for an occasional article, the mainstream press has virtually ignored. What we have attempted to do is lift the veil, for the first time, on who these enormously successful traders are, how they trade, and what is to be learned from their approach to trading that we might apply to our own portfolios.
Trend Following challenges much of the conventional wisdom about successful trading. We were determined to avoid being influenced by knowledge institutionalized and defined by Wall Street. We were adamant about fighting "flat earth" thinking. During our research, we tried to avoid starting with an assumption and then finding the data to support it. Instead we asked the question and then, objectively, doggedly, and slowly, let the answer reveal itself.
If there was one factor that motivated us to work in this manner, it was simple curiosity. The more we uncovered about trend followers, the more we wanted to know. For example, one of our earliest questions was who profited when Barings Bank collapsed in 1995. Our search unearthed Barings Bank–related performance data including that of trend follower John W. Henry (now the majority owner of the Boston Red Sox). His track record generated new questions, such as, "How did he discover Trend Following in the first place?" and "Has his approach changed in any significant way in the past 20 years?"
We were also curious about who won the $1.9 billion Long Term Capital Management lost during August and September 1998. We wanted to know why the biggest banks on Wall Street would invest $100 billion in an options pricing model, Nobel prize–winning or not. Further, considering what mutual fund managers have lost in the past few years and what successful trend followers have earned during the same time period, we could not understand why so few investors know anything about Trend Following. We also became interested in:
The important thing in science is not so much to obtain new facts as to discover new ways of thinking about them.
Sir William Bragg
How trend followers win in the zero-sum game of trading.
* Why Trend Following has been the most profitable style of trading.
* The philosophical framework of trend followers' success.
* Timeless principles of Trend Following.
* The Trend Following worldview of market behavior.
Reasons why Trend Following is so enduring.
Many of the trend followers we studied are reclusive and extremely low key. Some discovered Trend Following on their own and used it to make their fortunes out of home offices. Bill Dunn, a successful trend follower who has beaten the markets for over 25 years, works out of a quiet, spartan office in a Florida coastal town. For Wall Street, this approach to trading is tantamount to sacrilege. It goes against all the customs, rituals, trappings, and myths we have grown accustomed to associating with Wall Street success. In fact, it is our hope that our profiles of trend followers will correct the public's misconception of a successful trader as a harried, intense workaholic who spends 24/7 in the labyrinth of a Wall Street trading firm, surrounded by monitors and screaming into a phone.
We've assembled the first comprehensive look at Trend Following, but this is neither a course nor the only resource you will ever need. It is to be used in conjunction with our Web site at www.trendfollowing.com. We have tried to be comprehensive with our definitions. However, if we mention an unfamiliar word, name or reference a source you haven't heard of, please go to Google (www.google.com).
Fish see the bait, but not the hook; men see the profit, but not the peril.
Chinese Proverb
We have tried to make the material accessible and interesting enough so it might give you an occasional "aha" experience. However, if you're looking for trading "secrets," you need to look elsewhere. There are none. If you're in the mood for stories about what it's like inside a typical Wall Street firm or how greedy traders sow the seeds of their destruction, like in Den of Thieves, or Barbarians at the Gate, we will not meet your needs.
To be aware how fruitful the playful mood can be is to be immune to the propaganda of the alienated, which extols resentment as a fuel of achievement.
Eric Hoffer
You may have noticed that I use "we" instead of "I" when describing the process of writing this book. That's because it could not have been written without the generosity of the traders, professors, investors, colleagues, and friends who graciously shared their wisdom and trading experiences with me. Without their support, hard work, long hours, and creativity, Trend Following would still be an ongoing hazardous journey. So if there is any "honor and recognition" to be given, it is to everyone who participated, not just the person whose name appears on the cover.
© Copyright Pearson Education. All rights reserved.
Study Guide for Entries and Exits: Visits to 16 Trading Rooms
Product Description
Come behind closed doors and see real trades made by real traders.
Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading—psychology, tactics, risk control, record keeping, and the decision-making process. The companion Study Guide is filled with striking insights and practical advice allowing you to test your knowledge and reinforce the principles outlined in Entries & Exits.
From the Back Cover
These 101 questions, including twenty-five case studies, will challenge you to master the essential aspects of successful trading. Be sure to work through this companion volume to Entries & Exits: Visits to Sixteen Trading Rooms before you risk a dollar in the markets.
Each of the seven chapters in this Study Guide for Entries & Exits—Organization, Psychology, Markets, Trading Tactics, Money Management & Record-Keeping, Case Studies, and Traders Speak—covers a major area of trading. Every chapter includes a rating scale, allowing you to measure your competence level. Now, you can discover and fill dangerous gaps in your knowledge without risking any money.
The comments in the back of the book provide detailed explanations of the right and wrong answers to the multiple-choice questions. A large number of those questions and the case histories in this Study Guide were contributed by the traders interviewed in Entries & Exits, combining both books into a single, powerful tool for developing effective trading skills.
Use Dr. Elder's Study Guide together with Entries & Exits to learn how to make the most of market opportunities.
About the Author
DR. ALEXANDER ELDER is a professional trader, a teacher of traders, and a practicing psychiatrist. He is the founder of elder.com, an educational firm for traders worldwide. Dr. Elder is the author of two international bestsellers, Trading for a Living and Come Into My Trading Room (and their companion study guides), both published by Wiley. He is an avid traveler, as chronicled in his book Straying from the Flock: Travels in New Zealand (Wiley).
Come behind closed doors and see real trades made by real traders.
Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading—psychology, tactics, risk control, record keeping, and the decision-making process. The companion Study Guide is filled with striking insights and practical advice allowing you to test your knowledge and reinforce the principles outlined in Entries & Exits.
From the Back Cover
These 101 questions, including twenty-five case studies, will challenge you to master the essential aspects of successful trading. Be sure to work through this companion volume to Entries & Exits: Visits to Sixteen Trading Rooms before you risk a dollar in the markets.
Each of the seven chapters in this Study Guide for Entries & Exits—Organization, Psychology, Markets, Trading Tactics, Money Management & Record-Keeping, Case Studies, and Traders Speak—covers a major area of trading. Every chapter includes a rating scale, allowing you to measure your competence level. Now, you can discover and fill dangerous gaps in your knowledge without risking any money.
The comments in the back of the book provide detailed explanations of the right and wrong answers to the multiple-choice questions. A large number of those questions and the case histories in this Study Guide were contributed by the traders interviewed in Entries & Exits, combining both books into a single, powerful tool for developing effective trading skills.
Use Dr. Elder's Study Guide together with Entries & Exits to learn how to make the most of market opportunities.
About the Author
DR. ALEXANDER ELDER is a professional trader, a teacher of traders, and a practicing psychiatrist. He is the founder of elder.com, an educational firm for traders worldwide. Dr. Elder is the author of two international bestsellers, Trading for a Living and Come Into My Trading Room (and their companion study guides), both published by Wiley. He is an avid traveler, as chronicled in his book Straying from the Flock: Travels in New Zealand (Wiley).
DeMark On Day Trading Options
Review
"This book is the option day trading blueprint you've been waiting for." (Technical Analysis of Stocks & Commodities Magazine ) Product Description
The option day trading blueprint you've been waiting for!
Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to:
*Select, design, and build your own highly-personalized trading model
*Use filters and screens to select optimal option trading candidates
*Identify low-risk entry points in up, down, or even sideway markets
You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!
Download Description
Electronic day trading of Internet stocks may be making the headlines ... but the entire field of day trading has exploded! DeMark on Day Trading Options is the first book to combine two of today's hottest trading phenomena -- day trading and options trading -- into one exciting blueprint for making money in volatile markets.
After first reviewing the basics of options. Tom DeMark -- renowned as a pioneer in technical analysis -- breaks new ground by introducing methods and techniques specifically designed for day trading options. He provides insights on selecting the best options to trade for specific markets. details how traders can accurately predict market movements and introduces the ingenious option trading variable he developed.
From the Back Cover
Proven DeMark Market Timing Techniques Applied to Today's Fast-Turnaround Day Trading Markets. "Tom DeMark is the consummate technician - a trading system developer without peer."- Futures Magazine.
"Tom DeMark's research and market timing techniques demonstrate a unique and insightful approach into day trading options. The concepts and methodologies described are a must-read for anyone professionally or individually interested in option trading!"- David Rodrigues, Co-CEO Deltasoft Financial Technologies, Inc.
"Tom DeMark provides traders with many interesting new insights and methods to explore in his newest book."- David Caplan, President Com-Op Publishing.
THIS BREAKTHROUGH BOOK REVEALS: All new predictive indicators - plus options settings, qualifiers, and applications adapted for day trading impact; Strategies to ignore prevailing market sentiment - and intuitively know each inflection point where trends will reverse; Battle-tested techniques for limited risk - and unlimited gains - that can be plugged into your own trading sytle. Over the past three decades the DeMark name has set the standard for low-risk, high-profit trading techniques. And traders, fueled by breakthroughs like the DeMark Indicators, have amassed stunning profits. Now, the DeMarks set their sights on today's hottest market phenomenon - day trading. Their options day trading methods, outlined for the first time anywhere in DeMark on Day Trading Options, consistently identify low-risk entry points in up, down, or even sideways markets - and give options-savvy, risk-averse traders a distinct advantage over the emotional, easily-confused day traders flooding today's markets.
About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
"This book is the option day trading blueprint you've been waiting for." (Technical Analysis of Stocks & Commodities Magazine ) Product Description
The option day trading blueprint you've been waiting for!
Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to:
*Select, design, and build your own highly-personalized trading model
*Use filters and screens to select optimal option trading candidates
*Identify low-risk entry points in up, down, or even sideway markets
You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!
Download Description
Electronic day trading of Internet stocks may be making the headlines ... but the entire field of day trading has exploded! DeMark on Day Trading Options is the first book to combine two of today's hottest trading phenomena -- day trading and options trading -- into one exciting blueprint for making money in volatile markets.
After first reviewing the basics of options. Tom DeMark -- renowned as a pioneer in technical analysis -- breaks new ground by introducing methods and techniques specifically designed for day trading options. He provides insights on selecting the best options to trade for specific markets. details how traders can accurately predict market movements and introduces the ingenious option trading variable he developed.
From the Back Cover
Proven DeMark Market Timing Techniques Applied to Today's Fast-Turnaround Day Trading Markets. "Tom DeMark is the consummate technician - a trading system developer without peer."- Futures Magazine.
"Tom DeMark's research and market timing techniques demonstrate a unique and insightful approach into day trading options. The concepts and methodologies described are a must-read for anyone professionally or individually interested in option trading!"- David Rodrigues, Co-CEO Deltasoft Financial Technologies, Inc.
"Tom DeMark provides traders with many interesting new insights and methods to explore in his newest book."- David Caplan, President Com-Op Publishing.
THIS BREAKTHROUGH BOOK REVEALS: All new predictive indicators - plus options settings, qualifiers, and applications adapted for day trading impact; Strategies to ignore prevailing market sentiment - and intuitively know each inflection point where trends will reverse; Battle-tested techniques for limited risk - and unlimited gains - that can be plugged into your own trading sytle. Over the past three decades the DeMark name has set the standard for low-risk, high-profit trading techniques. And traders, fueled by breakthroughs like the DeMark Indicators, have amassed stunning profits. Now, the DeMarks set their sights on today's hottest market phenomenon - day trading. Their options day trading methods, outlined for the first time anywhere in DeMark on Day Trading Options, consistently identify low-risk entry points in up, down, or even sideways markets - and give options-savvy, risk-averse traders a distinct advantage over the emotional, easily-confused day traders flooding today's markets.
About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Friday, September 12, 2008
The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities
Product Description
Swing trading is gaining popularity as a powerful method to increase returns—and potentially lower risks—by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades—based on the author’s popular “Mastering the Trade” online course—uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades Download Description
The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops.
Book Info
A proven course for short-term traders for making investments that produce a profit, every time. Offers dozens of trading strategies and setups that include precise reward, risk and stop-less considerations, with more than 200 charts and dozens of proprietary setups that make it easy to see where the money is. DLC: Speculation.
From the Back Cover
Powerful Strategies to Slip Between Day Traders and Long-Term Investors—and Grab Hidden Trading Profits!
Located in the gray area between the lightning-fast day trader and the endlessly patient buy-and-hold investor, the modern swing trader executes intermediate positions that offer highly lucrative results with less volatility. The Master Swing Trader contains a wealth of practical insights and information for using this powerful trading method to profit from short-term price moves often missed by other market participants. After beginning with a detailed background on Pattern Cycle applications and the trend-range axis, The Master Swing Trader presents:
* Dozens of specific trading strategies and setups that include precise reward, risk, and stop-loss considerations
* Concrete tips, tactics, and workflows to make informed choices at each stage of short-term trade evolution
* The 7 Bells – unique tools to uncover high-probability short-term trading prospects
With more than 200 charts and dozens of proprietary setups that illustrate both classic and highly original short-term tactics, The Master Swing Trader doesn’t leave your trading profits to chance. Coldly analytical and backed by real-time trading results, this proven course for short-term traders will help you improve your bottom line, lessen your risks—and increase your confidence in building solid profits in today’s volatile markets!
Biased news stories spun by insiders to manipulate options prices…Questionable stocks pushed by analysts so their trading departments can unload bloated inventories … Quick-trigger day traders chasing the latest chat room buzz …
Today’s top market players understand that our "efficient" markets are actually highly inefficient, driven by insiders with hidden agendas and an irrational pack mentality that has little to do with underlying value. Fortunately, this constant imbalance generates repeated, high-probability trade setups—and Alan Farley’s The Master Swing Trader reveals how you can find and profit from these difficult-to-spot opportunities before they disappear.
Farley’s innovative system is based on Pattern Cycles—shifting market stages that repeat in an orderly, predictable process through all price charts and time frames. These classic Pattern Cycles:
* Describe the machine language within market opportunity
* Reveal the origin of the trade setup
* Explain how to capitalize on inefficiency through every bull and bear phase
* Show exactly where to uncover consistent profit opportunities
* Offer natural methods to shift tactics quickly as conditions change
* Predict the impact of the emotional crowd on trend, range, and price development
The Master Swing Trader will help you apply Pattern Cycles to your advantage, over and over again. By encompassing virtually all market action, and revealing how price moves in a highly predictable manner, its powerful tools will give you the edge you need to take other people’s money before they take yours.
In today’s lightning-fast markets, open information makes profit opportunities decidedly more difficult to spot and capitalize upon—with the investing herd becoming far more skilled at spotting inefficiencies and closing them up quickly. The Master Swing Trader will teach you to recognize these trade setups one step ahead of the crowd, dive in for solid profits, and close out your position before the majority has even caught on.
Pattern Cycles are not easy or automatic; they require concentration, discipline, and skilled execution. But the payoff of these classic strategies is virtually unlimited. Turn to page 1 of The Master Swing Trader now, and open a new world of trading possibilities and profits—the world of the master swing trader!
About the Author
Alan S. Farley is publisher and editor of the Hard Right Edge web portal (www.hardrightedge.com), a well-respected resource for short-term trading that provides thousands of traders and investors with free educational materials covering technical analysis, short-term trading tactics, and more. An accomplished private trader and nationally recognized educator on technical analysis and short-term trading tactics, Farley has been featured in Barron’s, SmartMoney, Tech Week, Active Trader, MoneyCentral, Los Angeles Times, Online Investor, and TheStreet.com.
Swing trading is gaining popularity as a powerful method to increase returns—and potentially lower risks—by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades—based on the author’s popular “Mastering the Trade” online course—uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades Download Description
The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops.
Book Info
A proven course for short-term traders for making investments that produce a profit, every time. Offers dozens of trading strategies and setups that include precise reward, risk and stop-less considerations, with more than 200 charts and dozens of proprietary setups that make it easy to see where the money is. DLC: Speculation.
From the Back Cover
Powerful Strategies to Slip Between Day Traders and Long-Term Investors—and Grab Hidden Trading Profits!
Located in the gray area between the lightning-fast day trader and the endlessly patient buy-and-hold investor, the modern swing trader executes intermediate positions that offer highly lucrative results with less volatility. The Master Swing Trader contains a wealth of practical insights and information for using this powerful trading method to profit from short-term price moves often missed by other market participants. After beginning with a detailed background on Pattern Cycle applications and the trend-range axis, The Master Swing Trader presents:
* Dozens of specific trading strategies and setups that include precise reward, risk, and stop-loss considerations
* Concrete tips, tactics, and workflows to make informed choices at each stage of short-term trade evolution
* The 7 Bells – unique tools to uncover high-probability short-term trading prospects
With more than 200 charts and dozens of proprietary setups that illustrate both classic and highly original short-term tactics, The Master Swing Trader doesn’t leave your trading profits to chance. Coldly analytical and backed by real-time trading results, this proven course for short-term traders will help you improve your bottom line, lessen your risks—and increase your confidence in building solid profits in today’s volatile markets!
Biased news stories spun by insiders to manipulate options prices…Questionable stocks pushed by analysts so their trading departments can unload bloated inventories … Quick-trigger day traders chasing the latest chat room buzz …
Today’s top market players understand that our "efficient" markets are actually highly inefficient, driven by insiders with hidden agendas and an irrational pack mentality that has little to do with underlying value. Fortunately, this constant imbalance generates repeated, high-probability trade setups—and Alan Farley’s The Master Swing Trader reveals how you can find and profit from these difficult-to-spot opportunities before they disappear.
Farley’s innovative system is based on Pattern Cycles—shifting market stages that repeat in an orderly, predictable process through all price charts and time frames. These classic Pattern Cycles:
* Describe the machine language within market opportunity
* Reveal the origin of the trade setup
* Explain how to capitalize on inefficiency through every bull and bear phase
* Show exactly where to uncover consistent profit opportunities
* Offer natural methods to shift tactics quickly as conditions change
* Predict the impact of the emotional crowd on trend, range, and price development
The Master Swing Trader will help you apply Pattern Cycles to your advantage, over and over again. By encompassing virtually all market action, and revealing how price moves in a highly predictable manner, its powerful tools will give you the edge you need to take other people’s money before they take yours.
In today’s lightning-fast markets, open information makes profit opportunities decidedly more difficult to spot and capitalize upon—with the investing herd becoming far more skilled at spotting inefficiencies and closing them up quickly. The Master Swing Trader will teach you to recognize these trade setups one step ahead of the crowd, dive in for solid profits, and close out your position before the majority has even caught on.
Pattern Cycles are not easy or automatic; they require concentration, discipline, and skilled execution. But the payoff of these classic strategies is virtually unlimited. Turn to page 1 of The Master Swing Trader now, and open a new world of trading possibilities and profits—the world of the master swing trader!
About the Author
Alan S. Farley is publisher and editor of the Hard Right Edge web portal (www.hardrightedge.com), a well-respected resource for short-term trading that provides thousands of traders and investors with free educational materials covering technical analysis, short-term trading tactics, and more. An accomplished private trader and nationally recognized educator on technical analysis and short-term trading tactics, Farley has been featured in Barron’s, SmartMoney, Tech Week, Active Trader, MoneyCentral, Los Angeles Times, Online Investor, and TheStreet.com.
Commodity Trading Advisors: Risk, Performance Analysis, and Selection
Product Description
Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs
Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first books to study their performance in detail and analyze the "survivorship bias" present in CTA performance data. This book investigates the many benefits and risks associated with CTAs, examining the risk/return characteristics of a number of different strategies deployed by CTAs from a sophisticated investor's perspective. A contributed work, its editors and contributing authors are among today's leading voices on the topic of commodity trading advisors and a veritable "Who's Who" in hedge fund and CTA research.
Greg N. Gregoriou (Plattsburgh, NY) is a Visiting Assistant Professor of Finance and Research Coordinator in the School of Business and Economics at the State University of New York. Vassilios N. Karavas (Amherst, MA) is Director of Research at Schneeweis Partners. Francois-Serge Lhabitant (Coppet, Switzerland) is a FAME Research Fellow, and a Professor of Finance at EDHEC (France) and at HEC University of Lausanne (Switzerland). Fabrice Rouah (Montreal, Quebec) is Institut de Finance Mathématique de Montréal Scholar in the finance program at McGill University.
Download Description
Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first books to study their performance in detail and analyze the "survivorship bias" present in CTA performance data. This book investigates the many benefits and risks associated with CTAs, examining the risk/return characteristics of a number of different strategies deployed by CTAs from a sophisticated investor's perspective. A contributed work, its editors and contributing authors are among today's leading voices on the topic of commodity trading advisors and a veritable "Who's Who" in hedge fund and CTA research.
From the Inside Flap
Commodity Trading Advisors (CTAs) use proprietary trading programs that buy and sell commodities and financial futures around the globe. Different than hedge fund and long-only portfolio managers, they don’t follow any stock or bond market trends, but rather, attempt to seize opportunities in a variety of commodity and financial futures markets. The investment potential of CTAs is undeniable, yet little has been done to study their performance in detail–until now.
In Commodity Trading Advisors: Risk, Performance Analysis, and Selection editors Greg Gregoriou, Vassilios Karavas, François-Serge Lhabitant, and Fabrice Rouah bring together the best minds in the business to analyze CTAs from both a quantitative and qualitative perspective. Divided into four comprehensive sections–Performance; Risk and Managed Futures Investing; Managed Futures Investing, Fees, and Regulation; and Program Evaluation, Selection, Diversification, and Returns–this unique resource contains articles that cover a wide range of CTA issues, including:
* The performance of CTAs in changing market conditions
* Simple and cross efficiency of CTAs using data envelopment analysis
* The effect of large hedge fund and CTA trading on futures market volatility
* Measuring the long volatility strategies of managed futures
* Managed futures funds and other fiduciary products
* Choosing the right CTA
* How to design a commodity trading futures program
Although much of the information related to CTAs can be technical in nature, Commodity Trading Advisors distills the knowledge of experts within this field in the most straightforward and accessible way possible. You’ll become familiar with many of the benefits and risks associated with CTAs as well as the risk/return characteristics of a number of different strategies implemented by them. You’ll also learn about important CTA selection and monitoring issues, such as evaluation, returns, and tracking.
Filled with in-depth insights and practical advice, Commodity Trading Advisors can help you–whether you’re an institutional investor, pension fund manager, endowment fund, or high-net-worth individual–understand the complexities of this alternative investment opportunity, and show you how to use CTAs as a portfolio diversification tool that can mitigate downside risk in any market.
From the Back Cover
Praise for Commodity Trading Advisors
"This book represents a complete course in the hows and whys of investing with CTAs. Institutional and individual investors would be wise to understand the issues raised here in order to properly control their CTA investments."
–Richard E. Oberuc, Chairman of the Foundation of Managed Derivatives Research
"The editors of this wonderful book rightfully identified a crying need and filled it very well. The book provides a great comprehensive review of the Commodity Trading Advisors marketplace and uses extremely well-respected authors to write about all the critical individual issues. The book should be on the night table of anyone seriously considering or managing investments in that space."
–Jean L.P. Brunel, Managing Principal, Brunel Associates LLC
"This reader contains a remarkably complete and accessible collection of papers on managed futures and commodity funds. I congratulate the editors as, yet again, they present only the research that is genuinely important for investors. It can be the investor’s ‘one-stop guide’ to maximizing the benefits of portfolio diversification using Commodity Trading Advisors."
–Carol Alexander, Chair of Risk Management and Director of Research
ISMA Centre, Business School, University of Reading
"The editors of Commodity Trading Advisors are to be congratulated for bringing together an excellent collection of articles that are a blend of theoretical, empirical, and practical analysis. The book offers penetrating insights from both academics and practitioners who are at the forefront of research in the area of alternative investments. I recommend that every serious investor or researcher have a copy of this book on their desk."
–Hossein Kazemi, Associated Director of CISDM, Isenberg School of Management
"An outstanding collection of articles on Commodity Trading Advisors! This book serves as a key reference for anyone interested in issues relating to risks, performance, benchmarking, manager selection and evaluation, and regulation in the alternative investment industry. A definitive addition to your collection!"
–Vikas Agarwal, Assistant Professor of Finance
J. Mack Robinson College of Business, Georgia State University
"The book provides a thorough and much-needed discussion on the many facets and properties of their investment strategies. The editors are to be congratulated on their compilation of so many expert views on one of the most fascinating disciplines in modern finance."
–Dr. Lars Jaeger, Partner, Partners Group
About the Author
GREG N. GREGORIOU is Assistant Professor of Finance and Faculty Research Coordinator in the School of Business and Economics at the State University of New York (Plattsburgh). He is the hedge fund editor for Derivatives Use, Trading & Regulation, a peer-reviewed publication based in London, and was awarded the prestigious scholarship from the Institut de Finance Mathématique de Montréal for three years. He has authored over twenty professional articles in brokerage and pension fund magazines in Québec and Canada. He currently provides hedge fund and CTA quantitative and qualitative research for a large Canadian firm and specializes in the construction and monitoring of funds of hedge funds using advanced statistical techniques.
VASSILIOS N. KARAVAS is currently Director of Research at Schneeweis Partners in Amherst, Massachusetts. His research focus is on alternative optimization techniques, ranging from disequilibrium market models to hedge fund portfolio selection. Vassilios holds a PhD in Operations Research from the University of Massachusetts at Amherst, an MS, and a Diploma in Industrial Engineering from the Technical University of Crete-Chania, Greece. He is also a research associate of the Center for International Securities and Derivatives Markets (CISDM).
FRANÇOIS-SERGE LHABITANT is a Member of Senior Management at Union Bancaire Privée in Geneva, where he heads the quantitative research and risk analysis of the Alternative Asset Management Group. He was previously a director at UBS Global Asset Management in charge of quantitative modeling. He is a FAME Research Fellow, a Research Associate at EDHEC (France), and Professor of Finance at HEC University of Lausanne (Switzerland). He is author of two books on hedge fund investing and emerging markets.
FABRICE ROUAH is an Institut de Finance Mathématique de Montréal (IFM2) Scholar, and a PhD candidate in finance at McGill University in Montreal. He is a former faculty lecturer and consulting statistician in the Department of Mathematics and Statistics at McGill University. He specializes in the statistical and stochastic modeling of hedge funds, managed futures, and CTAs, and is a regular contributor in peer-reviewed academic publications on alternative investments.
Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs
Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first books to study their performance in detail and analyze the "survivorship bias" present in CTA performance data. This book investigates the many benefits and risks associated with CTAs, examining the risk/return characteristics of a number of different strategies deployed by CTAs from a sophisticated investor's perspective. A contributed work, its editors and contributing authors are among today's leading voices on the topic of commodity trading advisors and a veritable "Who's Who" in hedge fund and CTA research.
Greg N. Gregoriou (Plattsburgh, NY) is a Visiting Assistant Professor of Finance and Research Coordinator in the School of Business and Economics at the State University of New York. Vassilios N. Karavas (Amherst, MA) is Director of Research at Schneeweis Partners. Francois-Serge Lhabitant (Coppet, Switzerland) is a FAME Research Fellow, and a Professor of Finance at EDHEC (France) and at HEC University of Lausanne (Switzerland). Fabrice Rouah (Montreal, Quebec) is Institut de Finance Mathématique de Montréal Scholar in the finance program at McGill University.
Download Description
Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first books to study their performance in detail and analyze the "survivorship bias" present in CTA performance data. This book investigates the many benefits and risks associated with CTAs, examining the risk/return characteristics of a number of different strategies deployed by CTAs from a sophisticated investor's perspective. A contributed work, its editors and contributing authors are among today's leading voices on the topic of commodity trading advisors and a veritable "Who's Who" in hedge fund and CTA research.
From the Inside Flap
Commodity Trading Advisors (CTAs) use proprietary trading programs that buy and sell commodities and financial futures around the globe. Different than hedge fund and long-only portfolio managers, they don’t follow any stock or bond market trends, but rather, attempt to seize opportunities in a variety of commodity and financial futures markets. The investment potential of CTAs is undeniable, yet little has been done to study their performance in detail–until now.
In Commodity Trading Advisors: Risk, Performance Analysis, and Selection editors Greg Gregoriou, Vassilios Karavas, François-Serge Lhabitant, and Fabrice Rouah bring together the best minds in the business to analyze CTAs from both a quantitative and qualitative perspective. Divided into four comprehensive sections–Performance; Risk and Managed Futures Investing; Managed Futures Investing, Fees, and Regulation; and Program Evaluation, Selection, Diversification, and Returns–this unique resource contains articles that cover a wide range of CTA issues, including:
* The performance of CTAs in changing market conditions
* Simple and cross efficiency of CTAs using data envelopment analysis
* The effect of large hedge fund and CTA trading on futures market volatility
* Measuring the long volatility strategies of managed futures
* Managed futures funds and other fiduciary products
* Choosing the right CTA
* How to design a commodity trading futures program
Although much of the information related to CTAs can be technical in nature, Commodity Trading Advisors distills the knowledge of experts within this field in the most straightforward and accessible way possible. You’ll become familiar with many of the benefits and risks associated with CTAs as well as the risk/return characteristics of a number of different strategies implemented by them. You’ll also learn about important CTA selection and monitoring issues, such as evaluation, returns, and tracking.
Filled with in-depth insights and practical advice, Commodity Trading Advisors can help you–whether you’re an institutional investor, pension fund manager, endowment fund, or high-net-worth individual–understand the complexities of this alternative investment opportunity, and show you how to use CTAs as a portfolio diversification tool that can mitigate downside risk in any market.
From the Back Cover
Praise for Commodity Trading Advisors
"This book represents a complete course in the hows and whys of investing with CTAs. Institutional and individual investors would be wise to understand the issues raised here in order to properly control their CTA investments."
–Richard E. Oberuc, Chairman of the Foundation of Managed Derivatives Research
"The editors of this wonderful book rightfully identified a crying need and filled it very well. The book provides a great comprehensive review of the Commodity Trading Advisors marketplace and uses extremely well-respected authors to write about all the critical individual issues. The book should be on the night table of anyone seriously considering or managing investments in that space."
–Jean L.P. Brunel, Managing Principal, Brunel Associates LLC
"This reader contains a remarkably complete and accessible collection of papers on managed futures and commodity funds. I congratulate the editors as, yet again, they present only the research that is genuinely important for investors. It can be the investor’s ‘one-stop guide’ to maximizing the benefits of portfolio diversification using Commodity Trading Advisors."
–Carol Alexander, Chair of Risk Management and Director of Research
ISMA Centre, Business School, University of Reading
"The editors of Commodity Trading Advisors are to be congratulated for bringing together an excellent collection of articles that are a blend of theoretical, empirical, and practical analysis. The book offers penetrating insights from both academics and practitioners who are at the forefront of research in the area of alternative investments. I recommend that every serious investor or researcher have a copy of this book on their desk."
–Hossein Kazemi, Associated Director of CISDM, Isenberg School of Management
"An outstanding collection of articles on Commodity Trading Advisors! This book serves as a key reference for anyone interested in issues relating to risks, performance, benchmarking, manager selection and evaluation, and regulation in the alternative investment industry. A definitive addition to your collection!"
–Vikas Agarwal, Assistant Professor of Finance
J. Mack Robinson College of Business, Georgia State University
"The book provides a thorough and much-needed discussion on the many facets and properties of their investment strategies. The editors are to be congratulated on their compilation of so many expert views on one of the most fascinating disciplines in modern finance."
–Dr. Lars Jaeger, Partner, Partners Group
About the Author
GREG N. GREGORIOU is Assistant Professor of Finance and Faculty Research Coordinator in the School of Business and Economics at the State University of New York (Plattsburgh). He is the hedge fund editor for Derivatives Use, Trading & Regulation, a peer-reviewed publication based in London, and was awarded the prestigious scholarship from the Institut de Finance Mathématique de Montréal for three years. He has authored over twenty professional articles in brokerage and pension fund magazines in Québec and Canada. He currently provides hedge fund and CTA quantitative and qualitative research for a large Canadian firm and specializes in the construction and monitoring of funds of hedge funds using advanced statistical techniques.
VASSILIOS N. KARAVAS is currently Director of Research at Schneeweis Partners in Amherst, Massachusetts. His research focus is on alternative optimization techniques, ranging from disequilibrium market models to hedge fund portfolio selection. Vassilios holds a PhD in Operations Research from the University of Massachusetts at Amherst, an MS, and a Diploma in Industrial Engineering from the Technical University of Crete-Chania, Greece. He is also a research associate of the Center for International Securities and Derivatives Markets (CISDM).
FRANÇOIS-SERGE LHABITANT is a Member of Senior Management at Union Bancaire Privée in Geneva, where he heads the quantitative research and risk analysis of the Alternative Asset Management Group. He was previously a director at UBS Global Asset Management in charge of quantitative modeling. He is a FAME Research Fellow, a Research Associate at EDHEC (France), and Professor of Finance at HEC University of Lausanne (Switzerland). He is author of two books on hedge fund investing and emerging markets.
FABRICE ROUAH is an Institut de Finance Mathématique de Montréal (IFM2) Scholar, and a PhD candidate in finance at McGill University in Montreal. He is a former faculty lecturer and consulting statistician in the Department of Mathematics and Statistics at McGill University. He specializes in the statistical and stochastic modeling of hedge funds, managed futures, and CTAs, and is a regular contributor in peer-reviewed academic publications on alternative investments.
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