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Safe Profitable Investing With Relative Strength: And Dynamic Investor Pro Paperback – September 17, 2013

3.4 out of 5 stars 7 customer reviews

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Editorial Reviews

About the Author

Michael Carr, CMT, is also author of Conquering the Divide: How to Use Economic Indicators to Catch Stock Market Trends. His articles have been featured in Technical Analysis of Stocks & Commodities, SFO, Futures, Shares (in the UK), and Traders (Germany) magazines as well as a number of web sites. He managed money professionally for several years before retiring to devote his full-time efforts to research and writing about the markets. Mike was responsible for investor accounts worth more than $200 million and was co-manager of two mutual funds. He has been a featured speaker at numerous industry events including the Money Show in Las Vegas and Trader Tech West in San Francisco. Mike has also spoken to local chapters of the American Association of Individual Investors and professionals in the Market Technicians Association, the CFA Institute and the Financial Planners Association.
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Product Details

  • Paperback: 266 pages
  • Publisher: CreateSpace Independent Publishing Platform (September 17, 2013)
  • Language: English
  • ISBN-10: 1492174807
  • ISBN-13: 978-1492174806
  • Product Dimensions: 8 x 0.6 x 10 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 3.4 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #1,388,418 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback Verified Purchase
i was a little disappointed in the book. it is a good story with good reasoning but the magic formula requires you to sign up to a pay website to use a magic formula sceener. his explanation of it is a little sketchy but could be implemented in a screener. i thought it would be a more in depth description of how to use the magic formula and implement it. i felt sort of mislead.
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Format: Paperback
Excellent explanation of investing with relative strength. Carr examines a wide variety of formulas before centering upon seven different RS formulas for detailed testing. Pages 1 thru 187 are by Carr and all about RS with NO reference to any software. Pages 189 thru 234 are by Dominick about how to implement Carr’s formulas with the program Dynamic Investor Pro.

You can ignore Dominick’s portion and learn all about RS in Carr’s unbiased, step-by-step, deliberate analysis of RS that gives you his results using different universes of ETF Sectors, ETF assets, Foreign ETFs, Fidelity Select mutual funds and Vanguard mutual funds. Carr provides many tables and charts to illustrate his results.
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I wish I had paid closer attention to the other reviews. One reviewer summed it up perfectly: the book “never talks about Relative Strength Index as used in commonly available data sources”, and the “sole purpose of the book seems to be to drive traffic to a paid website”. True on both counts.

First, the book never discusses the typical formulation of Relative Strength (stock price/index price), which is widely used and readily available on most trading platforms. For those interested this traditional concept of Relative Strength, I recommend Isaac J. Israel book, Patterns of Relative Strength. It’s a superb discussion of the traditional RS indicator (although it requires some math skills).

Second, I agree with the other reviewer. It strikes me that the primary goal of this book (Safe Profitable Investing with Relative Strength) is to promote the authors’ expensive software service. Let me share my experience. The first 187 pages walks you through a number of different indicators to determine relative strength of a stock (or mutual fund). For example, using the daily percent change in stock price, or moving averages. The author then tests (and optimizes) seven (7) of those RS indicators to determine which is the best.

After reading through his back-testing methodology, I attempted to recreate his test, in order to validate his results. However, I found that of the seven derivations of RS he didn’t quite explain the math behind the “best” RS formula (based on optimization), as he did with the six other methodologies. I sent the author an email requesting he provide a simple clarification of the formula so I could recreate his test. He didn't respond to my question. Instead, I got an email from the author which urged me to purchase their software.
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Format: Paperback Verified Purchase
I hate to write a negative review for any book--especially one written by someone who is sincere, has worked hard, has organized his thoughts, and is trying to be clear and helpful. But this book failed my expectations for the following reasons:

It never talks about Relative Strength Index as used in commonly-available data. Instead Carr focuses on a home-grown version.
The book reads like a masters thesis. It is an endless explanation of methods and reasoning.
The charts were blurry.
The sole purpose of the book seems to be to drive traffic to a paid web-site. I get really sick of investment books that are really just a sales pitch for services. It is disinguous to charge money for a book that is essentially a marketing promotion.
The book never seems to get to any final conclusive points. There are intermediate conclusions, but no set of final take-aways.
The book was mostly dull and tedious.
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