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(Hardcover)
Trade the trend and you can trade for a living
If you're going to play the stock market, play to win by using a fundamental strategy of most hedge fund managers-trend trading. In Trend Trading for a Living, the trading coach and hedge fund manager known on Wall Street as “Dr. Stoxx” shares his personal strategies for analyzing markets, picking stocks, and knowing when to buy and sell.
This step-by-step book offers a practical road map to get yourself familiarized with the stock market and into the driver's seat of your financial future. In five progressive parts, Trend Trading for a Living helps you:
Thomas K. Carr is founder and general partner of Carr Capital Management and hedge fund manager of the Befriend the Trend Fund. His seminars and manuals have helped thousands of traders around the world learn profitable trading and risk management techniques.
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February 18, 2008: I've read a lot of the 'how to' trading books aimed at the novice to intermediate level trader, including Elder's books (good but outdated), Toni Turner's books (ok but too pedantic at places), and Alan Farley's 'Master Swing Trader' (the most sophisticated but overly complicated) and this book by Carr is by far the best. 'Trend Trading for a Living' gave me exactly what I was looking for: a simple system to determine general market direction, and 10 complete, easy-to-follow, fully explained and illustrated systems for trading stocks both long and short. Does it work? Well, let's just say that his market direction system would have told me to sell my longs in early December and start shorting the market. Since January 1st I've put on 5 short positions and 3 longs, and all but one have returned over 10% each. I wish this book had come out about 2 months ago! Yes, I highly recommend this book. As he says, nothing in here is 'get rich quick', but with these systems in place and the discipline to stick to them, anyone can 'get real rich real slow'!