Market Timing

ebook Investment

By Richard Farleigh

cover image of Market Timing

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In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "Even the best investment ideas can come unstuck due to bad decisions on when to buy and sell. The best technique for entering the market is to wait for a price trend to verify a bullish or bearish view. So it is not a good idea – unless there is market panic – to buy into falling markets. Being a contrarian means fighting against trends and not acknowledging that markets can go further than expected. It may work occasionally, but it is against the odds. Similarly, add to winning trades, not losing trades, and don't be scared if you are investing alongside the consensus view. For a price to go a long way it will require consensus agreement at some point. The decision to exit should only be made when the reasons for the investment are no longer sound, or when the price trend has reversed. Sticking with winning trades for as long as possible is the only way to make big wins. " Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable". Investors Voice

Market Timing