Unholy Grails - A New Road to Wealth
Unholy Grails is for investors wanting to move away from ‘Buy & Hold’ and a refuge from sustained bear market events. It is designed for investors requiring a hard-wired yet robust strategy that has been statistically proven on past data before directly committing funds to the market. This book details one way, rather than the only way. It will detail a road less travelled; a compilation of objective and practical strategies for the active investor that goes against traditional thinking.
Publisher: Radge Publishing
Publish date: 2012-03-29
Format: HB / e-book to follow
Much of the book focuses on momentum strategies with several methods studied accompanied with comments on how and why each system works. The strategies are also statistically backtested giving a clear appreciation to how they performed in the past with suggestions on how they could be improved upon. Nick Radge also takes a look at the emotional side of trading and how a systematic approach can alleviate this problem to a large extent. Drawdown is the nemesis of many within the markets at the moment which is a subject that is also discussed. Logical suggestions are provided in regard to overcoming the mental hurdles.
I am not a great advocate of interviews at the end of books though in this case the knowledge gained makes it well worthwhile. Several traders/investors discuss their strategies with much emphasis on the timeframe used which in itself is somewhat of an eye opener.
In summary, an excellent book that is an easy read making it suitable for both those starting out in the markets as well as the more seasoned trader.
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