I'm really looking forward to reading Kedrick Brown's book, Trend Trading: Timing Market Tides. It's been near the top of my reading list for several weeks now. (I really need to carve out more reading time!). I've only skimmed through it thus far but it looks like a very good read. Kedrick just informed me about an interview he recently did with Tavis Smiley which you can listen to below:
Financial wiz Kedrick Brown says certain aspects of an “unpredictable†market can be predicted with good investment strategy in his book, Trend Trading: Timing Market Tides.[audio:KedrickBrown_01192007.mp3]
For a bit more detail on the book, check out Kedrick's self-review:
Trend Trading: Timing Market Tides by Kedrick BrownKedrick Browns Trend Trading is one of those rare books that traders of all experience levels can richly benefit from. Brown traded NASDAQ stocks for over 8 years at Knight Equity Markets, LP, one of the largest NASDAQ trading firms by volume. At Knight, he made thousands of daily trades in hundreds of stocks across multiple industries, profitably trading through a wide range of volatility, liquidity and market structure conditions. In short, he knows trading, and has generously taken the time to share his personal insights on it. His passion for the material shines through on every page, making the book both easy to read and filled with food for thought.
Trend Trading is groundbreaking because of its realism, which bears the authenticity that only a trader can provide. The book hits the ground running with three chapters on trading psychology, which explore the full spectrum of emotions associated with trading with a trend following strategy. He then moves into four tremendous chapters on trading tactics, each of them expanding on the foundation created by previous chapters.
Browns purpose in this book is to explain to investors how to inexpensively adapt the best aspects of the trend following techniques used by CTAs in the futures markets to trade equity trends. He believes that these master traders excelin their trade planning and money management discipline, and discusses in the book how to translate this discipline into equity trading, drawing on quotes from top traders along the way.
Trend Trading also shines because Brown takes both technical analysis and money management in innovative directions barely touched on by other trading books. For example, he introduces a new style of technical analysis in the book that he dubs three-dimensional technical analysis.which involves a focus on not just on how pricebehaves over time in a single stock, but on similar information in multiple stocks simultaneously. Analysis of this type enables traders to trade in line with the consensus of a basket of stocks or the broader market itself.
Three-dimensional technical analysis techniques include methods of objectively defining broader market uptrends and downtrends, which enables a trader to go long during market uptrends and stay out of stocks otherwise. They also include a method of objectively quantifying the trending behavior of an arbitrary basket of stocks, which Brown refers to as stochastic averaging. His discussion of using trend following techniques to rotate between equity indices is also new in a trading book. And finally, he expands the readers thinking even further by discussing how to size positions in a multi-stock portfolio.
In summary, Trend Trading: Timing Market Tides presents a wealth of unique trading and analysis techniques and is also an enjoyable read. Pick up a copy today!
Look for my review once I've completed the book.
http://www.nba.com/playerfile/kedrick_brown/index.html
He never could hit a jump shot, but at least he found a second career.
The authors name pulled me towards the book, but I must say looks like an interesting read. Expensive though....
Geez, I feel like I just got outsourced8-| lol
Good catch Bill. :d The price on Amazon isn't so bad.
Steven -- why do you say that?