Futia The Art of Contrarian Trading

How to Profit from Crowd Behavior in the Financial Markets
1. Auflage 2009
ISBN: 978-0-470-49574-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 240 Seiten, E-Book

Reihe: Wiley Trading Series

Why is it so hard to beat the market? How can you avoid gettingcaught in bubbles and crashes? You will find the answers in CarlFutia's new book, The Art of Contrarian Trading. Thisbook will teach you Futia's novel method of contrariantrading from the ground up.
In 16 chapters filled with facts and many historical examplesFutia explains the principles and practice of contrarian trading.Discover the Edge which separates winning speculators from thelosers. Find out how to apply the No Free Lunch principle toidentify profitable trading methods. Learn about the wisdomand the follies of investment crowds - and how crowds areformed by information cascades that drive stock prices too high ortoo low relative to fair value. Discover the power of your MediaDiary - and how to use it to spot these information cascades,measure the strength of the crowd's beliefs, and decide whenthe crowd's view is about to be proven wrong.
You will watch Futia apply these principles of contrariantrading to navigate safely and profitably through the last 26tumultuous years of roller coaster swings in the U.S. stock market- a time during which Futia kept his own media diary anddeveloped his Grand Strategy of Contrarian Trading. See howthis Grand Strategy worked during the Great Bull Market of1982-2000. Watch the Contrarian Rebalancing technique in practiceduring the dot.com crash of 2000-2002. Find out when the AggressiveContrarian Trader bought and sold during the bull market of2002-2007. Read about the causes of the Panic of 2008 and ups anddowns of contrarian trading during that dangerous time.
Futia shows you how the market turning points during the1982-2008 period were foreshadowed by magazine covers and newspaperheadlines that astonishingly and consistently encouraged investorsto do the wrong thing at the wrong time. By monitoring crowdbeliefs revealed by news media headlines - and with theguidance provided by the many historical examples Futia provides- a trader or investor will be well-equipped to anticipateand profit from market turning points.

Autoren/Hrsg.

Futia, Carl

Über Autor(innen)

CARL FUTIA is a trader who runs a highly rated investment/trading blog (carlfutia.blogspot.com). He provides very specific price forecasts for the stock, bond, and various commodity markets. Futia's main tools are derived from the theory of contrary opinion and box theory. He holds a BA in economics from Yale University, a master's degree in mathematics from the University of California at Berkeley, and a PhD in mathematical economics from Berkeley as well. Futia has published several papers in theoretical economics in scholarly journals.