Long/Short Market Dynamics: Trading Strategies for Today’s Markets

Long/Short Market Dynamics: Trading Strategies for Today’s Markets by Clive M. Corcoran is a masterclass in understanding and applying long/short strategies to today’s complex financial markets. This comprehensive guide combines theory, quantitative models, and practical insights to help traders and investors navigate volatility while managing risk effectively.

Corcoran takes readers beyond basic technical analysis, introducing powerful concepts such as range expansion, comparative quantile analysis, volume as a leading indicator, volatility clustering, correlations, regime shifts, and network theory. Through a mix of statistical frameworks and market case studies, the book provides a systematic approach to detecting dissonant patterns, divergences, and early signals of major market moves.

Special attention is given to long/short strategies, portfolio construction, money management, and optimization techniques. Corcoran illustrates how combining long and short positions can dampen volatility, manage exposure, and uncover opportunities in both bull and bear markets. The book also introduces advanced performance metrics like Sharpe, Sortino, Sterling, and Calmar ratios, helping traders measure risk-adjusted returns effectively.

With clear explanations, charts, and practical examples—including analyses of stocks like Amazon, Goldman Sachs, Newmont Mining, and Ford vs. GM pairs trades—this book makes advanced market concepts accessible without oversimplifying. It blends quantitative rigor with real-world application, making it suitable for traders who want to strengthen their analytical edge and better understand how modern markets truly behave.

If you want to go beyond trend-following and learn how professionals design market-neutral, alpha-driven strategies that thrive in volatile conditions, this book is an essential addition to your trading library.

✅ What You’ll Learn:

• The logic of long/short strategies and their role in today’s markets
• How to identify range expansions, gaps, and volatility patterns
• Using comparative quantile analysis to uncover hidden market signals
• Detecting divergences, correlations, and convergence trades
• Applying money management and portfolio optimization for risk control
• How to capture alpha from both long and short opportunities

💡 Key Benefits:

• Master a market-neutral approach to trading and investing
• Reduce volatility with hedging and diversification techniques
• Gain practical insights from real-world case studies
• Learn quantitative and statistical tools beyond basic technical analysis
• Build a professional-level framework for trading decision-making

👤 Who This Book Is For:

• Intermediate to advanced traders who want to expand into long/short strategies
• Portfolio managers & hedge fund professionals seeking market-neutral approaches
• Quantitative traders and analysts exploring market microstructure & risk models
• Active retail traders eager to move beyond basic chart patterns and enter systematic trading
• Students & researchers in finance who want a deeper understanding of market dynamics

📚 Table of Contents:

1. Coming to Terms with New Market Dynamics
2. Range Expansion and Liquidity
3. Comparative Quantiles
4. Volume as a Leading Indicator
5. Alignments and Divergences
6. Volatility
7. The Morphology of Gaps
8. Correlation and Convergence
9. Random Walks and Power Laws
10. Regime Shifts and Stationarity
11. Money Management Techniques
12. Portfolio Theory
13. Alpha
14. Markets as Networks