Monday, 13 March 2017

胡立阳决战股市50招 (Hu Li Yang)

Loosely translated, the title is Hu Li Yang's 50 methods for battling the stock market. This is a follow-up to the author's earlier book (about 100 methods to deal with investing). The author, Hu Li Yang, is an Asian market guru who also has done many speaking engagements on the continent. The book covers additional rules and his tips for dealing with the stock market.

The book expands on his previous 100 methods. Hu employs more of TA than FA, though he does discuss FA occasionally. The examples here span the Asian markets (Taiwan, China, Hong Kong) but he also has examples from Nasdaq. The contents are varied and include his various rules and tips, such as "half" target prices, 6-month target durations, conditions for a trend to end, etc. This is a very good summary of trading tactics which can be used to complement a reader's own methods or to improve investment timing. Hu looks at conditions both at a macro and micro level. There are charts but they are not necessary reading because his tips are more conceptual in nature.

As a side comment, Hu's style brings to mine the box theory of Nicholas Darvas.

Although  written in traditional mandarin, it is easy to read and a Chinese reader unfamiliar with the Chinese terms can quickly guess the English equivalent. The 50 tips are like a Q&A with each method starting with a question from a reader/fan on how to apply Hu's "wisdom". Hu writes in a very conversational style peppered with analogies. Examples include the "little chicks following the hen (market leaders)", getting on and off the bus and a trading trend duration being likened to a fish dish. You don't often see a humorous TA book in the market.

Readers do not need to read his first book to understand this one, but chronological reading may aid appreciation.

Recommended: Yes

Found in NLB: Yes

Monday, 6 March 2017

Trading Realities: The Truth, The Lies, and The Hype In-between (Jeff Augen)

Augen is a private investor and author. This book captures his thoughts on how to make a better investor with unorthodox strategies.

The book covers a wide range of topics: the market, the fallacy of trading (and some of those for investing), trends, volatility, etc. The first half of the book captures quite common topics covered elsewhere. However, the important portions to me were the discussions on volatility and how to use options to boost investments. Here, a full chapter is devoted to each topic and each is a good primer for an investor new to these topics. However, I found them to be the most difficult portions of the book to comprehend.

The book overall is not easy to read but readers who wade through will be well rewarded. This is more suitable for advanced retain investors.

Recommended: Yes

Found in NLB : Yes