Book Reviews

This category contains 133 posts

Book Review of the Holy Grail Trading System

The full title of this book is The Holy Grail Trading System by James Windsor. The book writes about James’ (Soultrader’s) experience live trading an intraday trend following system that was developed with a team of people. The system performed very well over 14 months bringing a starting account of £10k to £100k before it experienced a ~50% loss … Continue reading

Book Review of Get Wise to Your Advisor by Steven D. Lockshin

The full title of this book is Get Wise to Your Advisor: How to Reach Your Investment Goals Without Getting Ripped Off by Steven D. Lockshin (2013). According to the bio in the book, Steve is the founder and CEO of Convergent Wealth Advisors and was Barron’s top-ranked advisor. I picked up the book because I … Continue reading

Book Review of What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan

This book writes about how Jim Paul got into Wall Street, rapidly became very successful, and then lost more than a million dollars in a soybean-oil spread trade. In the process to learn from this mistake, he realized that there are lots of different, and contradictory ways to make money,  but all the successful investors/traders … Continue reading

Book Review of Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market by Meb Faber

The full title of this book is Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market by Meb Faber (2014). This is a large, thin book, coming in at around 70 pages with large font size and good spacing. As a number of other book reviewers have commented, … Continue reading

Book Review of Navigate the Noise by Richard Bernstein

The full title of this book is Navigate the Noise: Investing in the New Age of Media and Hype by Richard Bernstein (2001). Richard Bernstein was Chief U.S. Strategist at Merrill Lynch. I got to know about this book after I saw some of the old pieces from Bernstein while he was at Merrill, and googled … Continue reading

Book Review of The Trend Following Bible by Andrew Abraham

The full title of this book is The Trend Following Bible: How Professional Traders Compound Wealth & Manage Risk by Andrew Abraham (2013). Andrew Abraham is a CTA at Abraham Investment Management, utilizing trend following techniques across multiple markets. Some good things about the book It’s a quick read coming at ~200 pages, with color! I … Continue reading

Book Review of Time the Markets by Charles Kirkpatrick

The full title of this book is Time the Markets: Using Technical Analysis to Interpret Economic Data by Charles D. Kirkpatrick, II, CMT (Revised Edition, 2012). This is a nice short volume coming in at ~180 pages, with large fonts and small book dimensions. I always prefer books with these characteristics because I believe most things can … Continue reading

Book Review of Smarter Investing in Any Economy by Michael Carr

The full title of this book is Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing by Michael J. Carr (2008). This book goes through many different ways relative strength (RS) is calculated, and then uses backtesting to determine the best RS calculation and optimize parameters for various trading systems. Despite the book … Continue reading

Book Review of Bear Market Investing Strategies by Harry Schultz

The full title of this book is Bear Market Investing Strategies by Harry D. Schultz (2002). Harry Schultz wrote the International Harry Schultz Letter for 45 years, with his last newsletter in January 2011 when he retired at 86. 45 years is a pretty amazing run! This book is a quick read coming in at ~150 pages. The … Continue reading

Book Review of Worry-Free Investing by Zvi Bodie and Michael Clowes

The full title of this book is Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals by Zvi Bodie and Michael J. Clowes (2003). Zvi Bodie is a very famous finance professor and co-author of a widely used textbook Investments. Michael Clowes is Editorial Director of Investment News and of Pensions and Investments. Normally I would skip … Continue reading

Book Review of In the Trading Cockpit with the O’Neil Disciples by Gil Morales and Chris Kacher

The full title of this book is In the Trading Cockpit with the O’Neil Disciples: Strategies that Made Us 18,000% in the Stock Market by Gil Morales and Dr. Chris Kacher (2013). Gil Morales and Chris Kacher were both portfolio managers who worked for William O’Neil (of Investor’s Business Daily fame). They had great success trading the dot-com … Continue reading

Book Review of Profiting from Market Trends by Tina Logan

The full title of this book is Profiting from Market Trends: Simple Tools and Techniques for Mastering Trend Analysis by Tina Logan. The book is full of large chunks of text explaining terminology and listing possible actions that traders can take at various market junctures / scenarios. While it is good to be open to the possibilities … Continue reading

Book Review of How to Make a Million — Slowly by John Lee

The full title of this book is How to Make a Million — Slowly: My Guiding Principles from a Lifetime of Successful Investing by John Lee. John Lee, or Lord Lee of Trafford, wrote the My Portfolio column in the Financial Times for 14 years. He was a Conservative MP for Nelson and Colne from 1979 to … Continue reading

Book Review of Market Evaluation and Analysis for Swing Trading by David Nassar and William Lupien

The full title of this book is Market Evaluation and Analysis for Swing Trading: Timeless Methods and Strategies for an Ever-Changing Market by David S. Nassar and William S. Lupien (2004). David Nassar founded MarketWise (now defunct, old CXO review here), and William Lupien is the former chairman and CEO of Instinet. Two things that I picked … Continue reading

Book Review of The Permanent Portfolio by Craig Rowland and J. M. Lawson

The full title of this book is The Permanent Portfolio: Harry Browne’s Long-term Investment Strategy by Craig Rowland and J. M. Lawson (2012). This is a book about the Permanent Portfolio investment strategy suggested by Harry Browne, which is a simple asset allocation strategy that historically has provided steady returns over the long-term while having very low drawdowns. … Continue reading

Book Review of Trading Options: Using Technical Analysis to Design Winning Trades by Greg Harmon

The full title of this book is Trading Options: Using Technical Analysis to Design Winning Trades by Greg Harmon. The book is divided into 5 main parts: (i) market analysis, (ii) sector analysis, (iii) individual stock analysis, (iv) options combinations, and (v) execution tips. In the first part of the book, Harmon wrote about looking at lots … Continue reading

Book Review of Trading Regime Analysis by Murray Gunn

The full title of this book is Trading Regime Analysis: The Probability of Volatility by Murray Gunn (2009). According to the bio, Murray was a money manager trading in primarily the FX markets. He advocates trend-following, and the book’s main idea is most strategies work, the key is to be able to identify the environment the … Continue reading

Book Review of Trade Like A Stock Market Wizard by Mark Minervini

The full title of this book is Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini (2013). First off, this is a terrific book, especially for traders who subscribe to the OWL (O’Neil, Wyckoff, Livermore) approach to trading stocks. I took quite some time to finish … Continue reading

Book Review of Dragons and Bulls by Stanley Kroll

The full title of this book is Dragons and Bulls: Profitable Investment Strategies for Trading Stocks and Commodities by Stanley Kroll (1994). I have an old book of Kroll’s (The Professional Commodity Trader, 1974) that I have been meaning to read for some time. When I came across this book, I figured it’ll be good to read … Continue reading

Book Review of Optimize Your Trading Edge by Bo Yoder

The full title of this book is Optimize Your Trading Edge: Increase Profits, Reduce Draw Downs, and Eliminate Leaks in Your Trading Strategy by Bo Yoder (2008). The key idea of this book is that all strategies work, but only some of the time. So what is needed is to identify when a strategy alternates between its … Continue reading

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