Taming the Bear

Taming the Bear
Автор книги: id книги: 818256     Оценка: 0.0     Голосов: 0     Отзывы, комментарии: 0 1801,16 руб.     (19,1$) Читать книгу Купить и читать книгу Купить бумажную книгу Электронная книга Жанр: Зарубежная образовательная литература Правообладатель и/или издательство: Автор Дата добавления в каталог КнигаЛит: ISBN: 9781118395608 Возрастное ограничение: 0+ Оглавление Отрывок из книги

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Описание книги

Ancient strategies provide a valuable link to enhance your ability to survive and prosper in modern financial markets. In this fascinating book, experienced trader and best-selling author Daryl Guppy explains how The 36 Strategies of the Chinese are applied to trading financial markets. In trading there is rarely a single answer to any trading situation. The best answer, and its effective application, depends on the trader. The strategies by themselves do not guarantee success. The trader’s skill in analyzing and assessing the situation determines how effective he is in selecting and applying the right strategy. Guppy was introduced to the book of The 36 Strategies of the Chinese by a Chinese friend. An ancient and classic text, it is a compilation of political and military strategies dating back more than 1800 years, drawn from classic Chinese poetry, history, philosophy, biographies and novels. This book includes specific methods for active investors and traders that are consistent with the meaning of the original ancient strategies. The 36 Strategies of the Chinese for Financial Traders follow the structure of the original 36 Strategies of the Chinese. The first 18 strategies are applied when you have the advantage – the luxury of time and resources to examine techniques to recognize and maximize the return from these market opportunities. The second 18 strategies are applied when you are at a disadvantage – they are strategies used against investors and traders to inhibit success. Many of the strategies are enhanced using derivatives.

Оглавление

Tate Christopher. Taming the Bear

PREFACE

PART I. BEAR SPOTTING

1. THE PSYCHOLOGY OF BEAR MARKETS

THE BULL/BEAR MARKET CYCLE

REASONS FOR PRICE REVERSAL

THE REVERSAL PROCESS

WHAT HAPPENS IN THE MINDS OF TRADERS

2. HOW TO IDENTIFY A BEAR MARKET

MARKET PHASES

MARKET VOLUME

LOOK BEYOND THE MAJOR INDICES

3. CAN WE PREDICT CRASHES?

A HISTORY LESSON

HINDSIGHT AS AN INVESTMENT TOOL

TREND AND SENTIMENT ANALYSIS

PART II. BEAR TAMING

4. THE BIG PICTURE

MARKET CYCLES IN THE UNITED STATES

THE MYTH OF OCTOBER

5. DESIGNING A BEAR MARKET TRADING SYSTEM

TRENDLINES

MOVING AVERAGES

RSI DIVERGENCES

SRSI DIVERGENCES

BREAK-OUT TRADING SYSTEMS

CONCLUSION

6. INDEX TRADING

THE SPI

BEAR TRADING THE SPI

EXIT RULES

7. USING OPTIONS TO TRADE THE SPI

RANGE-TRADING TECHNIQUES FOR THE SPI

8. PORTFOLIO MANAGEMENT FOR BEAR MARKETS

RULES FOR PORTFOLIO TRADING

9. PORTFOLIO MANAGEMENT USING DERIVATIVES

WARRANT TRADING FOR BEARS

PORTFOLIO MANAGEMENT USING OPTIONS

RANGE TRADING

10. THE PERVERSITY OF MARKETS

11. The Bear Market Trader’s Survival Guide

APPENDIX A. NCP DIVERGENCES

APPENDIX B. APPROVED COMPANIES FOR SHORT-SELLING

GLOSSARY

INDEX

Отрывок из книги

IF ASKED TO define a bear market, most investors would say that it is a period of continually declining prices in the entire market. Such an answer would be only partly correct. A bear market may encompass the entire market, but it can also affect a subsection of the market, such as gold stocks (as in 1997), or an individual stock, such as BHP.

Furthermore, a bear market may not actually entail prices falling; prices may just drift sideways in a narrow band for a period of time.

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TABLE 1.1 – “FORECASTING” RECORD OF MUTUAL FUNDS BASED ON CASH-TO-ASSETS RATIO

This table tracks the performance of mutual funds in the United States for the period 1956 to 1988. It analyses the cash-to-assets ratio of the funds, and then uses this as an indicator of whether the fund is bullish or bearish. This investment stance is then reviewed to see if the funds’ predictions were correct.

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