Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies and Techniques to Winning Profits

Another hedge fund stuff...

After last book on "More Money Than God", another hedge fund stuff is more than welcome at the moment. So, this book arrived at the right time...

End up... what a disappointing book! The first chapter on gap filling by chosen a short period of time to justify it, did enough to piss me off in the first place. Conditions (or filters) are then added to fine tune the whole stuff. However, in my humble opinion, it is more like an over-fitting rather than fine tuning. Would hedge fund behave this way? I do not think so...

Then, the author continues with spread trading. It reminds me of LTCM along the whole chapter. Again, fine tuning (over-fitting?) are involved. In surface, it does looks an improvements on LTCM model. However, it is too simple to apply in the sophisticated trading world. Well, hedge fund did tons of spread stuff. Hence, at least the author is not entirely wrong in this case. 

But, I am really not impressed with the following ideas on buy bankruptcy, tick stuff, the magic of 4 (this is the worst, I think), etc. The so called 20 successful uncorrelated strategies are not really my cup of tea. In fact, the whole idea of peeping into hedge fund does not serve its purpose at all.

This book only ate up little bit of my time. After all, there is nothing new under the sun. All discussed methods are not something unique. A novice like me could have done millions of back test on the said ideas. Well, it may help some traders (but, certainly not on my side). But, all the presented ideas do not suit my characters at all. (Hmm... this is why I am still a proprietor trader and not a hedge fund manager, LOL.) In fact, combinations of all techniques presented will need a team where team members must have different characters to execute well in order to achieve the final goal. So, is it possible? Hmm... Your guess is as good as mine... 

As a conclusion, I am going to rate this book at 0/10. Well, I do not discount the hard work done by the author. However, this book simply does not provide any single help to further improves me as a trader as well as better human beings. The title although attractive; but, I am really disappointed with this book...