Trend Following: How Great Traders Make Millions in Up or Down Markets
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.
More lists with this book...
* spent half the space in the book on "illustrative" quotes which always seem to be on his side
* counters each cherry-picked (both by the original critic and then by him as a straw-man) criticism with multiple cherry-picked counter examples
* uses perform...more
There is a lot I want to say about this book.
First of all, I only give it a 2 star. Although this is a national bestseller. I can only say Michael the author is a marking genius rather than a good trader or a good person know well about trading. Yes, he did collect a lot of examples and mottos about trading. But what is really mean to you? What is teach you about trading? Nothing.
For example, old saying such as:"cut your losses and let your profit run",...more
Instead, it is quite a lengthy treaty about the superiority of trend followers over all other investors (with small exception of Jim Simons from RenTec, for the author seems to have no idea what Simons is actually doing).
One thing you should definitely remember from this book is: the trend followers never lose any money. They may have some deep and possibly terminal drawdowns though...
Nevertheless, there are many...more
I think it's another good "foundation stone" for those interested in both the theory and execution of trend following systems.
Let me save you the trouble: "Buy stocks when they are going up and then sell them when they are going down, preferably before they go below the price you paid."