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Trend Trading: A seven step approach to success

Paperback

$55.00

Trend Trading: A seven step approach to success

Daryl Guppy

ISBN: 978-0-731-40085-0 April 2004 440 Pages

Description

If you have no time to follow the market closely, then Trend Trading is the book for you. Trend trading is one of the most effective and easy-to-use methods for making money in the market. Success depends on identifying the trend with confidence and catching the trend after it has started, and on getting out as soon as possible after the uptrend turns into a downtrend.

The book examines in detail the steps in finding, assessing, selecting, managing and monitoring a long-term trend trade. These are proven, successful methods which are easy to understand and apply. Included are the most recent updates and developments in using the count back line and the Guppy Multiple Moving Average. Daryl Guppy also includes a practical look at setting stop loss conditions to protect capital and profits, and a bonus section on Darvas-style trend trading which is the first significant update of this technique in forty years.

Trend Trading shows readers how to use and apply the analysis tools to find effective long-term trades. These can be applied to any group of selected stocks, whether chosen on fundamental criteria, from stock tip newsletters, or found using database technical scans. From this starting point, Guppy shows how the better trades are identified, how risk is managed, and how the trades are closed successfully. The book includes examples of Daryl's personal trades.

Preface: A flea on an elephant 1

Part I Gone fishing

1 How do I start making money? 17

2 Fish finding 36

3 A hitchhiker’s guide to the sharemarket 48

4 No secrets 56

Part II Hey good looking

5 Heads up 67

6 Overcoming bias 79

7 No secrets 93

Part III Line of lode

8 Classic trend lines 101

9 Line managers 110

10 Curve balls 119

11 No secrets 127

Part IV Testing character

12 Building character 137

13 Tracking traders and investors 155

14 Trend travellers 163

15 Using price weakness 175

16 Rally breaks 184

17 Breakout trading 194

18 Better exits 204

19 Bubble baths 212

20 No secrets 225

Part V Price check

21 Breakout confirmation 235

22 Entry management 245

23 Keeping the most 253

24 IPO profits 268

25 No secrets 275

Part VI Calculating size

26 Three figures 285

27 Stop 293

28 A danger to ourselves 306

29 No secrets 317

Part VII Modern Darvas

30 Boxing the trend 329

31 Building a box 341

32 Classic Darvas 352

33 Modern Darvas 362

34 Playing with the edge 376

35 Technical Darvas 382

36 No secrets 388

Part VIII Performance plus

37 Personality blues 399

38 Lucky you 407

39 No secrets 417

40 Found in translation 426

Index 429