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Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading)

by James Altucher

ISBN-10: 9780471484851
ISBN-10: 0-471-48485-7
ISBN-13: 9780471484851
ISBN-13: 978-0-471-48485-1
Hardcover
2004-03-08
Wiley


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Editorials


Product Description
Learn the successful strategies behind hedge fund investing

Hedge funds and hedge fund trading strategies have long been popular in the financial community because of their flexibility, aggressiveness, and creativity. Trade Like a Hedge Fund capitalizes on this phenomenon and builds on it by bringing fresh and practical ideas to the trading table. This book shares 20 uncorrelated trading strategies and techniques that will enable readers to trade and invest like never before. With detailed examples and up-to-the-minute trading advice, Trade Like a Hedge Fund is a unique book that will help readers increase the value of their portfolios, while decreasing risk.

James Altucher (New York, NY) is a partner at Subway Capital, a hedge fund focused on special arbitrage situations, and short-term statistically based strategies. Previously, he was a partner with technology venture capital firm 212 Ventures and was CEO and founder of Vaultus, a wireless and software company.


Download Description
Learn the successful strategies behind hedge fund investing
Hedge funds and hedge fund trading strategies have long been popular in the financial community because of their flexibility, aggressiveness, and creativity. Trade Like a Hedge Fund capitalizes on this phenomenon and builds on it by bringing fresh and practical ideas to the trading table. This book shares 20 uncorrelated trading strategies and techniques that will enable readers to trade and invest like never before. With detailed examples and up-to-the-minute trading advice, Trade Like a Hedge Fund is a unique book that will help readers increase the value of their portfolios, while decreasing risk.
James Altucher (New York, NY) is a partner at Subway Capital, a hedge fund focused on special arbitrage situations, and short-term statistically based strategies. Previously, he was a partner with technology venture capital firm 212 Ventures and was CEO and founder of Vaultus, a wireless and software company.

Reviews


Primer for You Creativity
I thought the trading examples and strategies were creative and well explained. It might not be completely appropriate to take these "trading systems" and use them as-is directly in your trading, but they certainly are a good primer to get you thinking of creative ways to find and exploit market inefficiecies and tendencies. The stock market is not completely random, which is why I think these "panic" and other stategies have merit. You've got to think up you're own trading stategies to fit your personality and strengths and I think this book is a good start towards that objective. I've used my own adaptation of the QQQQ crash system and it has worked well. The only thing I wished the book covered more was maybe a short rebuttal chapter to those who would suggest that this is all data mining, which I don't believe it is.

This is a unique book and one that is worth reading.

Simplistic like a Childs Toy = Trade Like a Hedge Fund
I should have known better, after buying and reading 50 or so books related to trading, the title should have given me pause for thought before purchase. No hedge fund trades like this (with the exception of trend following but certainly not with the proposed strategy) Give me a break. The worst $40 I've spent in a long time. Don't waste your time or money

Focused Strategies for Gaming Institutions and Retail
This is not a book about how to pick the next MSFT, or how to be a master of the Universe. It outlines several strategies by which traders can make money from
1. Panic
2. Slippage as the result of institutional biases

There is not a lot of detail about risk management, back testing crietria, optimized bet sizes etc. - the author dismisses a lot of The Street's "curve fitting" and over-rationalization through numbers. The basics of how to run your own book - that is for you to figure out. What this book does is demonstrate how one trader - who makes a living from it - thinks and tries to game his opponents.
As for the opinion that Mr. Altucher is not running a hugely successful fund (in AUM terms), that seems to be the case. But then again, he seems more intent on being an asset MANAGER, rather than an asset ACQUIRER, which is what most >$5bn HFs are now.
Give this book a read - it will give you IDEAS, not a roadmap.

Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading)
Very well written. Clearly understandable systems. Not all would work for my style of trading but quite a few would work just fine. I've already recommended this book to several other traders. I especially like that the systems work without leverage or short selling which means they are suitable for deferred taxation type accounts (IRAs and 401ks).

Good book but missing some of Toby Crabel's meat
James Altucher comes closest to describing some good trading strategies.
However, you still need to know the fundamentals of trading taught by Toby Crabel or Linda Raschke. A good book.


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