Trade Like a Hedge Fund- 20 Successful Uncorrelated Strategies Techniques to Winning Profits Description:

Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies Techniques to Winning Profits review:
1 stars (Another Disappointing Book on Strategy) - Every once in a while I go out and buy another strategy book to flip through, and honestly, I am generally disappointed in what is out there. This book however ranks among the worst. The first sign is the blatant grammatical and spelling errors starting in Chapter 1 (i.e. "...then we are run like hell out of the trade."). The second warning bell comes with the gross misrepresentations about the market in general (i.e. "...low-price stocks translates into a higher-risk premium and, as a category, these low-priced stocks tends to do well..." - again, the author's grammar, verbatim). Sometimes the poor grammar can be chalked up to someone who is so into their game that they skipped less important classes when they were young (i.e. grammar, spelling, literature), and market hype can be the result of true passion, albeit a wee bit overzealous. Unfortunately, the reader quickly discovers the actual content is not very useful either, and is just a re-hashing of weak systems containing catchy buzz words and simplistic formulas.
5 stars (Greate book for system devlopers) - I have been developing trading systems for 5 years and this book has many intesting ideas.

I checked most of them out with my data and started trading with some.

I think it is a great book for someone who is interested with system development and needs new ideas.


1 stars (Don't waste your time or money.) - This is one of those rare books which are so thin, you can learn as much from their table of contents as from their actual contents. There are a number of things I didn't like about this book and its packaging, but I will only list two for brevities sake.



First, there are not "20 Successful Uncorrelated Strategies". "Technique 19" is simply a list of what the author believes doesn't work. "Technique 20" is a reading list of books the author likes; there are probably hundreds of Wall Street listmanias listing the same books. The other 18 present absolutely nothing new or interesting, most of them are simply "buy the dip" strategies.



Second, this book should rather be called "Trade Like James Altucher", unless you believe there are no longer any hedge funds that have discretionary traders or are willing to use options and go short. There is almost nothing in this book with regards to real money or risk management either. I suppose no one would have bought with that title though.



This is the only good sentence in the entire book: "Table 3.1 shows some recent large bankruptcies that were liquid enough to trade after filing Technique [sic] 11" (p. 49).



But what disappoints me most about this book is not that it is content free, but that it wastes the time and money of those who really are interested in learning. This book, I speculate, was meant to exploit the members of TheStreet.com and its children. Like another reviewer said, my copy is available for burning. I recommend Perry Kaufman's book instead, it may be twice the pirce, but has a thousand times the content.