Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets
$18.71
| Author(s) | |
|---|---|
| Format |
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| Pages |
234 |
| Published Date |
2012 |
The simple aim of Tactical Trend Trading is to illuminate the path to that better way. The methodology I share with you in the pages of this book will work over the course of any investment cycle. In broad terms, you can divide the goals of this book into three major themes. The first is generating returns and finding the stocks, market environments, and futures markets that are conducive to meeting that goal. The second is risk control, discipline, and avoidance of common pitfalls that await the amateur and seasoned trader alike. The third is a philosophical and epistemological framework that correctly reflects and works with the real world—not the theoretical world taught by academics and Wall Street talking heads.
Tactical trend trading, in my view, is the most reliable way to increase your net worth and gain financial freedom in an uncertain world. It entails significantly less risk than long-term buy-and-hold investing in individual stocks. It takes commitment, discipline, and the right psychological makeup, but for those willing and able to make the journey, it is the truest path to financial freedom.
Here are the primary benefits to tactical trend trading: at any given time your assets will be at work in the leading stocks and futures markets or will be safely in cash, your stop-loss sell discipline will protect your hard-earned capital during the inevitable times when you are wrong, and you will be in tune with the broader stock market and macro environment. The long-term buy-and-forget investor, on the other hand, will typically enter the market on an upswing and mentally commit to a conservative investment program. When the bear market comes to maul his portfolio, he will either cower in fear, hoping his investments rebound, or sell his “long term” holdings into the bad news of a slumping stock market and incur a terrible loss. I’ve seen it happen time and time again. Most investors simply do not have the stomach for the gut-wrenching 20-40% drops that are inevitable over a full market cycle. There is a better way.
Contents:
- Tactical Trend Trading
- The Market Backdrop
- Setups and Chart Patterns
- Technical Tactics
- Market Considerations
- Systematic Trend Following
- Discipline and Risk Control
- Pitfalls
- Philosophy
- Summing It All Up
Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets By Robert Robbins pdf
10 reviews for Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets
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Laila Kelly (verified owner) –
Uncomplicated explanation of whats required to make money
Elisa Pineda (verified owner) –
Robert’s book gives fantastic background for traders and is an appropriate title considering the environment we are in currently. Thumbs up..
Legend Johnston (verified owner) –
This book by Robert Robbins gives good practical advice and is strong on clear independent thinking. Practice awareness, watch the habitual noisy mind and thereby you may streer clear of automatically following the herd.
I enjoyed the clear and articulate writing style as well as the basic and simple yet critical practical advice for trend following trading.
What also came through more subtly was the influence on the author of his understanding and practice of aspects of Eastern philosophy and meditation. Mindfullness and practicing presence must influence his everyday understanding and trading style, not to mention the more strident precepts from the classic The Art of War. Thank-you, an excellent and very useful read.
Lylah Wilson (verified owner) –
Great and informational book.
Daniella Hayes (verified owner) –
There are no models, no tests, lots of quotes and charts from different sources. Lots of errors on the charts where triangles becomes wedges and viceversa. The writing style is fresh and easy going. Do not get me wrong: this is a well written book but it is some sort of “compendium” of things you can find everywhere and in the above mentioned authors. The reader can find himself turning page after page looking for a solid starting point. I am sorry to say that this is a wasted opportunity to add something new to trend following. If you are a novice on the subject Covel’s book are perfect then read the others to cement the value of trend following in a more practical way.
Elliot McBride (verified owner) –
Being a trader myself, I have quite a few trading books on the office shelves, some really good, some quite lame. I’ve been accumulating this collection for over 15 years, and Rob’s book will definitely be catalogued with the good reads. As an earlier reviewer mentioned, as a trader grows he realizes a good trading book is not one that provides a 100 percent surefire method or strategy. That’s for the trader to discover on his own from countless hours of screen-time, thinking about what makes the markets tick, and self-reflection. But we all appreciate some help, and that’s why we turn to books like Rob’s. This book provides many of the necessary building blocks to put together a trading strategy on our own, and does it in a highly entertaining fashion. Rob has a very easy and accessible writing style and I much appreciated his selection of well researched quotes to better illuminate his points. The book also extensively covers the psychological aspect of trading, which for discretionary traders is more important than the trading strategy itself. There is no chapter or section of the book that I could highlight as my favorite, there are simply too many of them. Rob’s mastery over the subject cannot be doubted and his passion for trading clearly comes across the pages.
In summary, traders of all skill level and orientation (ie not just trend followers or equity traders) will find this book extremely useful and a worthy addition to their library. Thanks Rob for the job well done!
Greyson Bowers (verified owner) –
Every once in a while I am fooled into buying one of these trading books. Prior to this I read one on contrarian trading. The contents of this book are no different from that one, even though you would think they would have something different to say.
There is lots of filler, rambling prose, useless anecdotes, and very poor chart graphics that you can barely read. There is very little discussion of useful trends. Nothing about earnings season trends, nothing about options expiration trends, nothing about FOMC meeting trends. There is a lot of psychology nonsense that looks like it was cribbed straight from a self-help book. The main theme of the book is “you have to build your own system” but tells you nothing more.
The first half of the book describes various technical oscillators, but you can learn about these for free on stockcharts.com.
Gerardo Roth (verified owner) –
Long on trading “motherhood and apple pie”, short on any real trading tactics.
Denver Houston (verified owner) –
The material presented here is similar to what Covel offers in his books. The real difference is that Robbins appears to actually trade, whereas Covel’s trading accomplishments are suspect. You know the old maxim; Those that can, do and those that can’t, talk.
Daniel Francis (verified owner) –
Don’t expect to be spoon fed a trading system that will make you consistently profitable overnight. However, if you design a system around the priciples discussed in this book, you should do better than 90% of the traders out there. May take a few readings and market experience before some of the lessons sink in. All in all time well spent.