Trading Pairs + CD: Capturing Profits and Hedging Risk ... (ISBN 0471584282)

Find the perfect pairs and you're there....:
As a trader, I found the book gave a good overview on "Pairs Trading", but many of the examples, including the "Trading Diary" on Chapter 22 provided little inspiration to someone looking to make sizeable profits out of pairs trades. For example in Chapter 22, titled the "Trading Diary", after just 30 business days (41 days) the model trade in the book yielded a return of just 1.04%. Indeed, the basic premise behind the pairs trade, forgetting all the fancy statistics I found is to simply to look at the chart and see if it's tradeable (i.e has it got a range-bound movement!!!). The secret is to find the charts. To accompany this book you really need some good pairs trading software to find these charts. There's limited providers but I'm going to try http://www.pairstrade.com.

Practical:
I work in finance and have read a number of books on the topic, I did recently purchase a copy of 'trading pairs'. I havn't finished reading it yet, but I can understand it is a little hard to follow but either way it does target the correct people. I myself am not a math genius so the simplicity works with me, for hardcore quants this book will leave you fairly unsatisfied, though for everyone else it would be more practical.

A great start:
If you are new to the concept of trading pairs, like I was, this book really gives you a strong foundation of knowledge to build on. Like any advanced trading strategy, it certainly takes a commitment on your part to really understand the technique thoroughly, but in the end - it's worth it.

Ideal Book for Pairs Trading:
I strongly suggest to anyone who is interested in the Wall Street strategy known as "Pairs Trading" to read this book. It is extremely well-written and easy to follow. It also provides clear, step-by-step instructions on how to build and implement your own pairs trade. Overall, I could not be happier with my purchase and I recommend this book to all. Thank you.

Don't short without this book.....:
As a professional in the ETF business I highly recommend this book on Trading Pairs. Going-long one equity and selling short is a way to reduce risk in your portfolio and Mr. Whistler details this strategy nicely. He writes with clear and concise explanations of this trading style. A must read for anyone thinking of shorting a stock.