Unholy Grails A New Road to Wealth eBook Nick Radge
Download As PDF : Unholy Grails A New Road to Wealth eBook Nick Radge 
What’s the fastest way to lose money? Follow the herd. Nick Radge stopped following the herd many years ago. As a trader and stock broker, Nick learnt to recognise what the herd were doing and how they react to financial information. He also realised that it made no sense.
Are you one of the herd?
Here’s a test
If a stock’s price is falling do you think it represents good value, i.e. it’s cheap?
OneTel and HIH were not cheap when they eventually delisted in 2001. ABC Learning was not cheap when it delisted in 2008. How about Bear Sterns, Lehman Brothers, Trump Entertainment or Kodak? Billabong does not look cheap at the moment!
A stock price in motion tends to stay in motion; Unholy Grails will show you how to be on the positive side of this statement.
Nick Radge is focused on momentum investing; purchasing stocks that are trending up. Nick shows you how to hitch a ride on stocks in an uptrend or protect your capital during sustained bear markets.
Unholy Grails goes against almost everything your stock broker, financial planner and your fund manager will ever tell you. Considering that in 2008 capital managed by fund managers dropped up to 50% we are in desperate need of an alternative way of thinking. In Unholy Grails, Nick Radge details a road less travelled; a compilation of practical strategies for investors looking for long term gains with minimum daily effort.
“I am shocked that so many Mum and Dad investors were financially and emotionally battered during the GFC. The financial planners and fund managers they were relying on for advice gave them no advice just the same old ‘buy and hold’ strategy that simply does not work in a collapsing market. In Unholy Grails I define specific strategies for investors, allowing them to manage their own investments and stop paying fees to financial planners and advisors,” said the author, Nick Radge.
Whether investing for your retirement or using an active investment strategy to manage your personal wealth, Nick Radge examines and tests numerous investment strategies to help determine the right one for you.
Don’t expect the same old, worn out advice from Nick Radge. His latest book is not called Unholy Grails for nothing!
Unholy Grails A New Road to Wealth eBook Nick Radge
I really liked this book because it provided a clear investment philosophy, adequate mathematical proof that a momentum/trend system works, and example strategies. This book would be a valuable tool to any investor trying to devise a personal investing system. Ultimately, each person who buys stocks or ETFs needs a system personalized to his/her specific situation. There is a lot of information in this book that should help you reason through the process of building such a system. I would pair this book up with "The Perfect Speculator" by Brad Koteshwar and also suggest reading "All About Market Timing, Second Edition" by Leslie N. Masonson.Product details
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Unholy Grails A New Road to Wealth eBook Nick Radge Reviews
I am afraid I did not learn much from this book. The author states in the Intro that there is not much new in this book and that is true. The book is about Momentum Investing - I am not quite sure why a couple of reviewers talked about Trend Investing because that is not the main emphasis. The Momentum Strategies that are described are things like the Golden Cross and buying New Highs - not exactly ground breaking. The best part of the book is when the author talks about the psychological aspects - Confidence, Consistency, Discipline and Patience. I guess I was expecting more - something new.
Radge's book has helped me discover means of creating effective investment systems. I have deployed the NDAQ100 momentum system with a standard deviation breakout. It's very easy to run, especially with the market filter, and very successful. I love simple systems built around statistical abnormalities. Highly recommended.
NIck has written a great book that shows in detail how to develop a trading system and what to look for in the performance. He runs through 8 popular systems and dissects the components that make those systems profitable (or not). What I really like is the fact that this isn't another "spend 10 minutes a week and make millions" type of read. The reality of quite substantial drawdowns in the pursuit of profits is clearly explained.
At the end of the book, Nick has included several interviews with successful traders. These provide some of the best ideas for new systems or tweaking existing systems to make them more profitable. Overall a great read.
If you are considering using a trend following technique to trade then I highly suggest this book. Nich Radge talks about trading stocks in a way that has clearly defined entry and exit levels based on what has worked hundreds, if not thousands, of times over the past decades. He will open you mind to the idea of that buying low and selling high might not be the road to a profitable future. He then applies theses strategies through Monte Carlo simulations which gives you an expectation of what may occur in the future. His examples primarily deal with the Australian stock market but the principles could logically be applied to other markets. If you are trading and don't have a technique or system then I highly recommend this book for you.
If you can sail WITH the wind, why buck into it? In harmony with his astute trader-author countryman Brent Penfold (Universal Principles of Succesful Trading) and others, Radge makes a "to the point" case for unglamerous, uncomplicated but statistically unbeatable trend following. His particular momentum approach lends itself to stoically enduring drawdowns sufficiently in order to capture the bulk of LONGER term moves. While this may not appeal to those seeking a much higher percent of Wins and shorter In/Out action, it is really the IDEAL alternative to that portion of anyones portfollio that would otherwise be either permanently sidelined in fear or left to the high risks of a Buy and Hold approach.
You can tell Radge knows deeply of what he speaks. If he SHARES this insight with more depth and elaboration in future editions 5-stars all the way. Meanwhile what we have here is a brief but highly packed STUDY of 8 common strategies as well as his own. Each was subjected to a healthy back-test and run through Monte Carlo simulations to further get a feel for their robustness. The results are plotted onto awesomely concieved "Expectancy Curve" graphs (Win/Loss payoff ratio against Winning percent). Absorbing the insight on the inevitable trade-offs along these ever-present curves is worth the price of admission alone. Not suprisingly his own Growth Portfolio strategy lands in near picture-perfect territory on this graph. We are vaguely told it takes advantage the "best" elements of the other studied strategies. He offers to be more generous by subscription. To be fair, unlike the books of so many self-promoters Radge is otherwise low key about his own prowess and services. The work stands on it's own. Indeed it has good material on constucting your own system testing in the quest for what is best for you, free of anyone's services.
Unholy Grails triggers further Buy signals for preaching the sacred principles of risk control and finding positive expectancy. If there is anything resembling a Holy Grail in trading, the "secret" lies along THOSE lines far more than the differences over what "beliefs" motivate one person's leaving the dock versus another's. For those seeking to get through the chop and go with the flow for unlimited (let the market decide) effect, this is a good addition to your cruising gear. Sail On!
Thing to remember with traders is that everyone will have a different style of trading and will pick up different things. I picked up a few things and enjoyed the interviews and tips at the end the most. I feel like I would have gotten more of this was a paperback rather than just a digital download. But again that's just me. This book is worth a try IMO
For a momentum investor this gives several simple ideas you can actually implement with minimal effort.
With a little more energy you can figure out some of the adaptations that many professionals use (looks at S&P Momentum Index rules)
I really liked this book because it provided a clear investment philosophy, adequate mathematical proof that a momentum/trend system works, and example strategies. This book would be a valuable tool to any investor trying to devise a personal investing system. Ultimately, each person who buys stocks or ETFs needs a system personalized to his/her specific situation. There is a lot of information in this book that should help you reason through the process of building such a system. I would pair this book up with "The Perfect Speculator" by Brad Koteshwar and also suggest reading "All About Market Timing, Second Edition" by Leslie N. Masonson.
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