Buy High, Sell Higher: Why Buy-and-Hold Is Dead And Other Investing Lessons from CNBC's "The Liquidator"

by Joe Terranova

Overview

Whether you're a professional investor or just want to trade like one, Buy High, Sell Higher will show you how to pick winners, maximize gains and minimize losses...In this book, you'll learn how a stock's price is just the beginning of the story, and that other indicators like moving averages and volume can help you to spot stocks that have momentum. You'll also learn how to determine the optimal moment to buy a stock, when to sell it, how to protect yourself against sudden reversals in the market, and how to capitalize on moments when other investors are retreating.

What's the best month to buy tech stocks? To sell an energy asset? And what is the one-day of the year that you should never, ever trade on? Answers to these and other questions are just some of the insights that Joe Terranova shares in Buy High, Sell Higher.

Terranova is a series regular on CNBC's Fast Money and the Chief Market Strategist for Virtus Investment Partners, a firm with over $25 billion in assets under management. Prior to joining Virtus, he spent 18 years at MBF Clearing Corp., where he was the director of trading and managed more than 300 traders. And as viewers of CNBC's Fast Money know, Joe is a master at demystifying the forces that drive today's markets. So why not let him show you how to use telltale signs to spot investments that are poised for lift-off.

Product Details

ISBN-13:	9781455500673
Publisher:	Grand Central Publishing
Publication date:	02/26/2013
Pages:	261
Sales rank:	1,108,352
Product dimensions:	5.90(w) x 8.90(h) x 0.90(d)

About the Author

Joe Terranova is a series regular on CNBC's Fast Money and the Chief Market Strategist for Virtus Investment Partners, a $25 billion Hartford-based asset management firm. Prior to joining Virtus, he spent 18 years at MBF Clearing Corp., where he was the director of trading and managed more than 300 traders.

Table of Contents

Prologue: Investing Lessons Hurricane Katrina 1

Part I Think Like a Professional

1 Buy High, Sell Higher 21

2 Strategize First, Trade Second 36

3 Keep an Investing Calendar 65

4 Build Your Investing Team 79

Part II Execute Like a Professional

5 Understand Timing, Herds, and Diversification 107

6 Know When to Enter and Exit the Market 135

7 Maintain Position Flexibility 166

8 Recognize Momentum Changes 189

9 Invest in Commodities 212

Conclusion 229

Appendix: Sample Investing Calendar plus Supporting Commentary 241

Acknowledgments 247

Index 251

Editorial Reviews

Stock market rules have changed-and with them, so should your strategy, advises Terranova. After many years working at MBF, one of the biggest natural gas and oil trading firms in the world, and witnessing the astonishing market events of recent years, Terranova realized that the average investor needed a new plan to survive and profit in this market and that anyone prepared to do the homework and tackle the unexpected could become a better investor. While investors have been trained to look for bargains, that's not a great strategy. Blending case studies and instruction, Terranova teaches readers the basics of the new investing: keeping an investing calendar; choosing professionals for your team; avoiding the temptations of day trading; and investing in assets you believe are important. As Terranova effectively argues, the key to long-term success in any market depends on the investor's ability to recognize when the story has changed.
—Publisher's Weekly

One of Joe Terranova's greatest strengths is his ability to take vast amounts of complex financial data, break the data down to its moving parts, and then explain what it means in an easy-to-understand way.
—Mark B. Fisher, founder/CEO MBF Clearing Corp, and author of The Logical Trader: Applying a Method to the Madness

Run, don't walk, to read "Chaminade" Joe Terranova's book, Buy High, Sell Higher: Why Buy-And-Hold Is Dead And Other Investing Lessons from CNBC's "The Liquidator".
About 10 days ago, Joe was nice enough to send me a copy, and I immersed myself in it last weekend.
In his book, Joe delivers a thoughtful approach in deciphering the reams of data and information an investor and/or trader needs to dissect and analyze in order to maximize one's decision making process.
What is great about Joe's book is that he is quite specific about rounding up and filtering out the noise. I particularly like his recommendations on how investors and traders can become more organized. As well, his timing ideas and methodology — check out the chapter entitled "Know When to Enter and Exit the Market" — are very valuable and pragmatic.
Joe's methodology is backed up by 18 years of hard-hitting and strong experience in managing risk and managing investment professionals at MBF Clearing and now as chief market analyst for Virtus Investment Partners.
On the back cover of Joe's book, "Fast Money's" The Divine Ms. F. (Karen Finerman) writes in her endorsement, "Confidence and perseverance — tempered by humility and strength of character — is Joe Terranova's winning combination." And throughout Buy High, Sell Higher, Joe's sensitivity to Mr. Market and to his associates comes through loud and clear.
When I finished Joe's book, I couldn't help but anticipate his next book on trading.
Read Buy High, Sell Higher and consider buying it as a holiday present for your friends who want to become more skilled in the markets.
—Doug Kass, "The New Real Money Pro"

From the Publisher

Run, don't walk, to read "Chaminade" Joe Terranova's book, Buy High, Sell Higher: Why Buy-And-Hold Is Dead And Other Investing Lessons from CNBC's "The Liquidator".
About 10 days ago, Joe was nice enough to send me a copy, and I immersed myself in it last weekend.
In his book, Joe delivers a thoughtful approach in deciphering the reams of data and information an investor and/or trader needs to dissect and analyze in order to maximize one's decision making process.
What is great about Joe's book is that he is quite specific about rounding up and filtering out the noise. I particularly like his recommendations on how investors and traders can become more organized. As well, his timing ideas and methodology -- check out the chapter entitled "Know When to Enter and Exit the Market" -- are very valuable and pragmatic.
Joe's methodology is backed up by 18 years of hard-hitting and strong experience in managing risk and managing investment professionals at MBF Clearing and now as chief market analyst for Virtus Investment Partners.
On the back cover of Joe's book, "Fast Money's" The Divine Ms. F. (Karen Finerman) writes in her endorsement, "Confidence and perseverance -- tempered by humility and strength of character -- is Joe Terranova's winning combination." And throughout Buy High, Sell Higher, Joe's sensitivity to Mr. Market and to his associates comes through loud and clear.
When I finished Joe's book, I couldn't help but anticipate his next book on trading.
Read Buy High, Sell Higher and consider buying it as a holiday present for your friends who want to become more skilled in the markets.

Doug Kass

One of Joe Terranova's greatest strengths is his ability to take vast amounts of complex financial data, break the data down to its moving parts, and then explain what it means in an easy-to-understand way.

Mark B. Fisher