ETF Trading Strategies Revealed
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Product Description
Review
"Finally ... a comprehensive book on exchange traded funds!ETFs give you the ability to easily adjust your sector and market exposure, more quickly than traditional mutual funds. I have always enjoyed reading David Vomund's insights on the markets and his interviews with other successful traders, and I know you will prosper from the wealth of information contained in this ground-breaking book." --Price Headley, CFA, CMT, founder BigTrends.com
Product Description
Want to know how to trade the hottest new investment vehicle? This book reveals the secrets of profiting from a new and growing investment vehicle-the Exchange-Traded Fund. Pulling from experts in the field like Linda Bradford Raschke and Steve Palmquist, this book has all the information you need to begin trading ETFs for profit: . Learn the basics of ETFs; how they work, why they're growing in popularity, and how you can get your share of the profits. . Discover the way to apply classic techniques to leverage your ETF investments for both the short-term and long-term. . Study simple but highly effective mechanical ETF rotation techniques (style, sector, and international) that are now available to the individual investor. ETF Trading Strategies Revealed doesn't end there. Learn from long-time trader and founder of AIQ Systems, Dr. J.D. Smith, what it takes to mentally be the best. When you have the emotional discipline to follow his techniques, you'll find increased profits aren't far behind.
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Paperback
nice read. short book (nice once in a while) that gives you necessary info on ETF trading and some nice ideas of multi time frame systems to test out.
Format:Paperback
Vomund is basically ranking ETFs on US indices and owning them as long as they are in the top of his model. That is fine. This approach is really producing good result however when there is a global collapse you are left "naked". If you just apply his model to equities and / or equity indices then you absolutely need to add a trend filter to avoid owning the best that is falling wiht the rest of market. Protecting capital is crucial. Other than that, again, this is a very good book. Adding different asset classes to the ranking helps somewhat. Once you have finished this book you want to read Mebane Faber "Ivy Portfolio" and AJF Garner book on ETF. Then you have a complete e clear picture.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
24 reviews
56 of 63 people found the following review helpful
Very practical and usable ETF trading strategies
16 Dec 2006
Format:Paperback|Amazon Verified Purchase
This book is "worth its weight in gold" if you are serious about trading or investing using Exchange Traded Funds (ETFs). On first impression it seems like a pretty thin book (90 pages), and the heart of the material in Part III is just 30 pages. But in Part III you learn very simple, practical, back-tested rules and strategies for outperforming the market by rotating periodically to the best-performing ETFs. The book presents results (compound annual returns) from following these strategies from 1998 to 2006, ranging from 15-16% for style index rotation to 19% adding an international ETF, 20% for sector ETFs, and 26% using Fidelity sector funds. [...]
The hardest thing for many traders or investors to accept may be that such simple, mechanical strategies that require monitoring the market only once every other week (with variants once per week or once per month) can perform so well. They work, for these funds better than for individual stocks, because of persistence of trends within market sectors, and styles such as value vs. growth and large-cap vs. small-cap that last even longer. Many people want to use fancy indicators, and many traders are in the market for the action and are too impatient for this approach. But if your goal is to simply make money with less risk than the overall stock market, this approach is very practical and usable.
The other 60 pages of this book include an introduction to ETFs and how they work, two chapters on chart analysis -- one written by Steve Palmquist, a successful professional trader, and one where David Vomund interviews well-known trader Linda Bradford Raschke -- and a short chapter on trader psychology that presents the personal trading process used by Dr. J.D. Smith, founder of AIQ Systems. They are very worthwhile for their advice and antidotes to the traps that traders often fall into.
I know David Vomund and knew Jerry Smith personally, and have met Linda Raschke and Steve Palmquist -- these are four very good people to learn from. David Vomund, the author, manages money using these strategies, and writes and presents seminars for AIQ. He is rated by Timer Digest as one of the ten best market timers for the 10-year period ending December 31, 2005, and has appeared on the cover of that publication twice in this period. But none of this seems to go to his head -- David's philosophy is pretty simple, practical, and all about making money rather than trading excitement or fame. If you actually apply these strategies, this book should literally be worth its weight (just a few ounces) in gold, and potentially quite a bit more.
The hardest thing for many traders or investors to accept may be that such simple, mechanical strategies that require monitoring the market only once every other week (with variants once per week or once per month) can perform so well. They work, for these funds better than for individual stocks, because of persistence of trends within market sectors, and styles such as value vs. growth and large-cap vs. small-cap that last even longer. Many people want to use fancy indicators, and many traders are in the market for the action and are too impatient for this approach. But if your goal is to simply make money with less risk than the overall stock market, this approach is very practical and usable.
The other 60 pages of this book include an introduction to ETFs and how they work, two chapters on chart analysis -- one written by Steve Palmquist, a successful professional trader, and one where David Vomund interviews well-known trader Linda Bradford Raschke -- and a short chapter on trader psychology that presents the personal trading process used by Dr. J.D. Smith, founder of AIQ Systems. They are very worthwhile for their advice and antidotes to the traps that traders often fall into.
I know David Vomund and knew Jerry Smith personally, and have met Linda Raschke and Steve Palmquist -- these are four very good people to learn from. David Vomund, the author, manages money using these strategies, and writes and presents seminars for AIQ. He is rated by Timer Digest as one of the ten best market timers for the 10-year period ending December 31, 2005, and has appeared on the cover of that publication twice in this period. But none of this seems to go to his head -- David's philosophy is pretty simple, practical, and all about making money rather than trading excitement or fame. If you actually apply these strategies, this book should literally be worth its weight (just a few ounces) in gold, and potentially quite a bit more.
29 of 33 people found the following review helpful
Highly recommended
8 May 2007
Format:Paperback
Like many books that purport to help investors make money in the financial markets, these Amazon reader reviews of Vomund's book run the gamut from fives to ones. That kind of opinion extreme can easily leave a potential reader without persuasive guidance in determining the suitability of the book for his particular needs. Yet, it is that very divergence of opinion which should tell you why the book is especially worth reading. I would argue that those, including myself, who praise the book, may very well have tried and failed to implement one or more of the many complex investment techniques which periodically rise and fall in popularity, and through personal experience they have learned to respect the simple elegance implicit in Vomund's readily implementable technique involving holding the winning securities and purging the losers. Due to the very newness of ETFs as investment vehicles, there has been less understanding of just where ETFs - until recently, used primarily by institutions -- might serve the individual investor. His research merging the new ETFs with the "hold the best, purge the worst" trading method is a unique, interesting effort backed-up with both back testing and actual trading.
The negative reviews appear to miss the thrust of the book entirely, arguing that the book fails to include content that is actually not relevant to the thesis that Vomund is presenting, while they offer no refutation, or apparent understanding, of the ideas that Vomund does indeed describe. It behooves us first to understand Vomund's technique for trading the new ETF vehicles, if only to gain the standing required even to think about negative criticism.
Vomund writes simply, and well. Although he is both intellectually and experientially capable of perking-up the interest of those who might prefer accompanying treatises on esoteric Fibonacci series trading methodologies, he writes primarily for those of us who have become wearier and poorer trying to invest without a cohesive system of our own. Or worse, we have watched helplessly as commissions we pay our brokers consistently exceed the returns that our brokers produce for us.
I plan to employ his methods, confident, based on my own experience and analysis, that I will receive consistently decent returns. Returns definitely equal to, and probably better than, any of the other investment modes available to someone like me with scant time available for investment following.
A final philosophic observation:
The greatest problem with simplicity is that it is simple. A simple explanation of complex phenomena is incredibly difficult to achieve. When we come on something of admirable simplicity, we sometimes remark: "...That's so simple that even I could have thought that up!" ...........The problem is .... We didn't.
The negative reviews appear to miss the thrust of the book entirely, arguing that the book fails to include content that is actually not relevant to the thesis that Vomund is presenting, while they offer no refutation, or apparent understanding, of the ideas that Vomund does indeed describe. It behooves us first to understand Vomund's technique for trading the new ETF vehicles, if only to gain the standing required even to think about negative criticism.
Vomund writes simply, and well. Although he is both intellectually and experientially capable of perking-up the interest of those who might prefer accompanying treatises on esoteric Fibonacci series trading methodologies, he writes primarily for those of us who have become wearier and poorer trying to invest without a cohesive system of our own. Or worse, we have watched helplessly as commissions we pay our brokers consistently exceed the returns that our brokers produce for us.
I plan to employ his methods, confident, based on my own experience and analysis, that I will receive consistently decent returns. Returns definitely equal to, and probably better than, any of the other investment modes available to someone like me with scant time available for investment following.
A final philosophic observation:
The greatest problem with simplicity is that it is simple. A simple explanation of complex phenomena is incredibly difficult to achieve. When we come on something of admirable simplicity, we sometimes remark: "...That's so simple that even I could have thought that up!" ...........The problem is .... We didn't.
17 of 19 people found the following review helpful
Simple strategies for 25-30% annual returns using ETF
25 Oct 2007
Format:Paperback
This book is not for professional traders. This book is for two types of people:
1. Someone that currently invests in mutual, exchange traded or mutual funds; only wants to look at their portfolio a couple of times a month; and thinks that getting 25-30% annual returns is an improvement over their current strategy.
2. Someone that is just starting out doing stock trading and plans on developing programmable strategies that can be backtested.
There are 6 variations of his strategy presented in 30 pages or less. With data available on Yahoo.com, it is very easy to implement this strategy. I went a step further and implemented them in a backtesting-enabled trading tool to verify the strategies. I was able to verify the performance but felt belittled because if I followed this technique since 1998 in Fidelity Select Funds starting with $100k, I would have had $1.2M in my account (mine is quite a bit below that).
Getting 25-30% APR returns on a technique is significant, especially considering the little work involved. If you are just learning to do stock trading and plan on doing backtesting, then implementing these strategies will give you good experience of what is involved with developing a strategy and when you are finished you can invest a lot of your money with confidence. Once you have developed a better strategy with stock trading then you can move your money over to that strategy.
If you are thinking about doing more advanced trading of stocks but are just starting out, I would start with this technique which presents a baseline for the minimum you need to achieve in your strategy before you invest serious dollars in your technique. Also, you can use this technique with your 401k funds, though the performance will probably be a bit less than what is quoted.
Lastly, the returns quoted in this article are based on past returns and future returns will vary.
1. Someone that currently invests in mutual, exchange traded or mutual funds; only wants to look at their portfolio a couple of times a month; and thinks that getting 25-30% annual returns is an improvement over their current strategy.
2. Someone that is just starting out doing stock trading and plans on developing programmable strategies that can be backtested.
There are 6 variations of his strategy presented in 30 pages or less. With data available on Yahoo.com, it is very easy to implement this strategy. I went a step further and implemented them in a backtesting-enabled trading tool to verify the strategies. I was able to verify the performance but felt belittled because if I followed this technique since 1998 in Fidelity Select Funds starting with $100k, I would have had $1.2M in my account (mine is quite a bit below that).
Getting 25-30% APR returns on a technique is significant, especially considering the little work involved. If you are just learning to do stock trading and plan on doing backtesting, then implementing these strategies will give you good experience of what is involved with developing a strategy and when you are finished you can invest a lot of your money with confidence. Once you have developed a better strategy with stock trading then you can move your money over to that strategy.
If you are thinking about doing more advanced trading of stocks but are just starting out, I would start with this technique which presents a baseline for the minimum you need to achieve in your strategy before you invest serious dollars in your technique. Also, you can use this technique with your 401k funds, though the performance will probably be a bit less than what is quoted.
Lastly, the returns quoted in this article are based on past returns and future returns will vary.
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