Customer Reviews

Investment Secrets of a Hedge Fund Manager: Exploiting the Herd Mentality of the Financial Markets

5 star:		(4)
4 star:		(1)
3 star:		(1)
2 star:		(1)
1 star:		(3)

 

 

This book was horrible. It provides some insight into short term technical trading, but otherwise save your money. It is a 200+ page book that could have been put together in 30 pages. It is extremely repititious and a waste of time. It will take a certain trading strategy and display it over and over again with no variations, just different instances.

This is an outstanding book on short to intermediate-term trading in the stock, stock index, and futures markets. The authors' approach is countertrend: even though I am more comfortable with following the trend, the authors make a good case for a sound countertrend strategy. They recommend, for instance, rigorously placing sensible stops. This book, in general, is applicable to more than just hedge fund managers, for the advice Connors and Hayward give is based on detailed research and backtesting. I would argue, though, that some of their approaches, while sound, may not be entirely original; one of their methods particularly reminded me of something Larry Williams labelled in one of his books as his "weekly trading tool." Nevertheless, this book is a solid, clearly written, very practical tool for any technical trader. I am very pleased to add it to my own library.

1) The authors claim that their "financial survival is dependent upon successfully trading the markets" yet you should not assume that they traded any of the examples set forth in the book.

2) The "secrets" revealed consume less than 20 pages with the remaining circa 180 pages being filled with charts and related examples (at least half of the book), performance summaries and trading signals (over 50 pages), and other various and sundried fluff. Thus, the book seems to be exploiting the herd mentality of those who buy books on the financial markets rather than the markets themselves.

3) What type of "secrets" are revealed here? "Investment Secrets", of course! "Investments" like futures contracts and index options. Who is revealing these "secrets"? A "Hedge Fund Manager", of course! Hey, why not? It could very well be that the revelation of hedge fund manager type secrets will produce higher profits (with much less risk) than actually trading the secrets.

4) I have a relatively high I.Q. yet I actually bought this book........Mooooooooooooooooooooooo

half of the book is pictures of charts, and brief (paragraphs) descriptions of what happened to make the chart move, mostly it deals in commodities, and deals with the stock market from the early 90s, as we all know in the stock market, one year is like 10, so this is mostly outdated, i was very dissapointed with this book.

I bought the book thinking it was about how hedge funds operate. Little did I know is was a day traders guide to making money. Way too many repetetive charts. I back tested the ideas and well the ideeas presented in this book works great in a bull market but like the NDX/SPX ratio even in a bear market will kill you.
I did n't like it. sorry to say

the title was intriguing, but it was downhill from there. the book had little to do with the title, which always makes me question the motives of the author. is there some message they are aching to express, or are they looking to simply enrich themselves?

In my daily work as a Stock Broker in Sweden I encounter questions about good trading books all the time. Customers feel that most trading books are quite expensive, and a good way to avoid overpriced, worthless items is by asking an experienced professional. While I truly do not feel that the mystery of the markets can be revealed in a book, I can honestly say that this book is well worth its price.

Above all, it gives the open-minded reader insights in highly effective approaches, concepts of trading which I have used successfully for many years. In fact, strikingly similar methods to the methods in this book have been "discovered" and used by investors, brokers, and traders that I know, even before this book was published. In my mind, this is another good indication that many of the patterns presented are valid in real-life trading.

While I do not use the patterns in this book in the exact same manner as they are presented, the concepts and the insights are the same. Time spent studying these concepts will be time well spent. I consider Investment Secrets of a Hedge Fund Manager to be among the best trading books I've read. It contains no hype, just precise and sound swing trading techniques. I recommend it highly to all market participants, novices and professionals alike.

Some of the other books that I consider to be among the best are:

Market Wizards 1 & 2, Reminiscences of a Stock Operator, Trading Systems and Methods, How to Make Money in Stocks, Technical Analysis of the Financial Markets, Street Smarts, Japanese Candlestick Charting Techniques, Secrets of Profiting in Bull and Bear Markets, Technical Analysis of Stock Trends, Trading by the Book, Exceptional Trading.

Of the hundreds of trading books I have in my personal library and the thousands which I have access to in my professional life, Investment Secrets of a Hedge Fund Manager remains a personal favourite.

I still rank it as one of the most informative books on trading I have had the pleasure to peruse...

I am a trader,,I like this book ver much only for the fact it confims many of my strategies. I learned more from another book titled Hedge Fund Trading Secrets Revealed which has a similar tite but has more updated strategies

One of the best, the trading patterns really work, the chapters on news reversals and historical volatility have worked incredibly well. No short term trader should be without this one.

These strategies are excellent. This may be the best trading book I've ever read. The research is precise